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Biz2Credit to invest USD 100 million in India

Thursday, 14 Oct 2021
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Fintech firm Biz2Credit plans to make an investment of USD 100 million in India over the next five years on research and development as well as expanding operations. 
The company is also planning to strengthen its technology team by adding over 150 new employees in 2021 across various positions, including entry, mid- and senior-level positions. 
Founded in 2007, Biz2Credit is backed by Nexus Venture Partners. In 2019, the online lending platform completed a Series B capital financing round of USD 52 million led by WestBridge Capital. 
The investment will be made mainly in research and development (R&D), operations and building the workforce. The company is bringing a lot of new employment opportunities for young graduates in the country in both technical and service-based roles. 
Biz2Credit is expanding its industry-leading technology in custom digital platform solutions for leading banks and other financial institutions, investors and service providers in the US, India, Australia and Canada.
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