Bizcap has secured a $175 million credit facility from a U.S. institutional credit manager to increase its lending capacity and support continued expansion across the United States and Canada.
The financing gives the global fintech additional capital to increase originations and expand its portfolio of financing products for small and midsize businesses.
Founded in Australia in 2019, Bizcap has expanded into eight countries and has provided more than $5 billion in financing to over 100,000 businesses.
The company operates across North America, Australia, New Zealand, Southeast Asia, the United Kingdom, and Europe.
Bizcap focuses on providing fast and flexible financing alternatives to businesses that may not fit traditional lending criteria.
Its underwriting model combines proprietary technology, data analysis, and local market expertise to assess financing opportunities beyond conventional credit metrics.
Alongside its geographic expansion, Bizcap has invested in artificial intelligence and machine learning capabilities intended to improve credit decisions and operational efficiency while reducing the time required to make funding decisions.
The new facility will provide additional balance sheet capacity as Bizcap increases originations throughout North America.
The company also plans to continue investing in technology, products, infrastructure, and employees to support its international growth.
Bizcap said its expansion across multiple markets has been supported by a consistent approach to underwriting, risk management, and governance.
Brean Capital served as Bizcap’s exclusive financial advisor and sole placement agent for the credit facility.
The transaction represents another expansion of Bizcap’s institutional funding base as the fintech seeks to provide more financing to small and midsize businesses throughout the U.S. and Canada while maintaining the underwriting framework it has used across its international operations.
KEY QUOTES:
“This is a major milestone for Bizcap and an exciting step in our North American growth. Since launching seven years ago, we’ve built a global business that has funded more than 100,000 businesses across multiple international markets.”
Albert Gahfi, CEO Of Bizcap
“We’ve also invested heavily in AI and proprietary technology because we believe the future of business financing is about making better decisions, faster, while maintaining a personal and practical approach.”
Albert Gahfi, CEO Of Bizcap
“This facility provides additional capacity to support our North American operations as we continue to scale, while maintaining the established risk management and underwriting practices that underpin our business.”
Mendy Piekarski, Chief Legal Officer Of Bizcap
