Biz2Credit, a leading financial technology firm that develops industry-leading digital platform solutions for banks and other financial institutions, has been named to The Financial Times (FT)’s inaugural list of “The Americas’ Fastest Growing Companies 2021.” This prestigious award is presented by The FT and Statista Inc., the world-leading statistics portal and industry-ranking provider.
The Americas’ Fastest Growing Companies 2021 list is comprised of the enterprises that contribute most heavily to economic growth. Five hundred companies are featured on the list, which was announced online on April 13, 2021, and can be viewed on the FT website. Biz2Credit was ranked 412th on the list, which also includes Beyond Meat, DocuSign, Shopify, Tesla, and Uber.
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“It’s an honor to be recognized by an internationally respected outlet such as The Financial Times,” said Rohit Arora, CEO of Biz2Credit and one of the leading experts on small business finance.
“The past 12 months have been pivotal for the small business lending industry with the creation of the Paycheck Protection Program to help SMBs survive during the coronavirus pandemic,” Arora added. “We have been proud to stand with small business owners at this crucial time as one of the most accessible online funding sources they can turn to as they do everything in their power to help their businesses survive this pandemic.”
Biz2Credit is one of the leading providers of Paycheck Protection Program (PPP) loans in the country, and one of the only fintech companies that the Small Business Administration (SBA) has authorized to issue the forgivable government-backed business loans. Biz2Credit was approved by the SBA as an authorized PPP lender in May 2020.
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Part of Biz2Credit’s impressive 115.7% revenue growth between 2016 and 2019 is the company’s Biz2X division, which provides financial technology to banks and other lenders. In 2020, the growth of the platform continued when increasing numbers of lending institutions sought to digitize as the COVID pandemic shut down in-person banking.
Out of the millions of companies in North and South America, only 500 firms were awarded and named on the list. To be recognized on the list of “The Americas’ Fastest Growing Companies,” a firm had to meet the following criteria:
- Revenue of at least $100,000 in 2016;
- Revenue of at least $1.5 million in 2019;
- Independence (not a subsidiary or branch office of any kind);
- Headquartered in one of 20 countries on the continents of North and South America.
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