Earlier today, according to the reports from Jane Cannolly, Biz2Credit, an SME lending online platform, raised $52million in its Series B round of funding which was led WestBridge Capital.
Biz2Credit has its presence in 4 markets all around the world and the company would use the money raised to expand into more international markets. The company is also planning to expand its digital lending platform for its Saas partnerships.
Biz2X helps small and medium enterprises to get faster and easy access to working capital which is done by creating an end to end solution for banks and financial institutions.
Rohit Arora, the Founder, and CEO of the company said in a statement that the market is filled with online lending solutions but the company has automated banks and commercial lending platform.
He added that “Technology combined with the company’s data analytics tools gives banks a seamless experience in lending across markets around the world.”
Nexus Venture Partners had participated in the company’s first round of funding.