Biz2Credit targets Rs 100 crore revenue by 2020

US-based fintech firm Biz2Credit is eyeing Rs 100 crore revenue by 2020. Biz2Credit, an online lending resource and platform for small and medium enterprises (SMEs), is digitally enhancing its operations in India.

Ramit Arora, President of Biz2Credit, said, "The company has partnered with Tata Capital and Tally Solutions and is talking to several banks and NBFCs for partnership. We are targeting Rs 100 crore revenue over the next two years and digitally enhance our operations in India."

The company plans to strengthen its portfolio and expand its reach across the country. Recently, it has tied up with India's biggest DSA Andromeda. This collaboration will allow Biz2Credit to cater to the base of borrowers in India across 16 cities where Andromeda operates.

The platform will also enable borrowers to complete all documentation pertaining to the loan application steps digitally and make the approval process faster owing to the seamless integration with a growing list of lenders. 

Biz2Credit is growing annually at a compounded rate of 22%. It is set to become a $73 billion industry over next two years.