Bizfi Partners with Western Independent Bankers to Offer Alternative Finance Services
March 18, 2024
By: Asif Imtiaz
Western Independent Bankers (WIB), the trade association that markets to around 600 regional and community banks in the United States, have partnered with Bizfi to provide alternative financing services to the small business clients of its member banks.
Bizfi is a financial technology company and known for its range of financing options.
Bizfi’s alternative financing platform offers a connected marketplace that instantly provides a diverse selection of financial products.
With Bizfi, regional and community banks will be able to offer real-time pre-approvals with options ranging from short-term to medium term financing.
Clients of the banks can also enjoy streamlined medical financing, lines of credit, equipment financing, and invoice financing with the new service.
Commenting on the partnership with Bizfi, Michael Delucchi, the President and Chief Executive Officer of WIB and WIB Service Corporation, said that “with Bizfi as a WIB Premier Solutions Provider we are able to offer their expertise in alternative financing and superior technology to our member banks and deliver a complete solution for small business funding.” “WIB member banks are the leading funders of America’s small businesses,” he noted.
On the other hand, the founder of Bizfi, Stephen Sheinbaum, mentioned that his company will be able to help small businesses with long-term loans as well as short term lines of credit and equipment financing facilities.
“Bizfi’s unique multi-partner platform can help WIB members meet those needs faster and more efficiently than ever before,” he said.
“Bizfi is honored to join WIB in serving America’s entrepreneurs,” noted Mr. Sheinbaum.
Western Independent Bankers is planning to unveil the range of financial services of Bizfi to its member banks at their annual conference, which is scheduled to be held at The Big Island, Hawaii next month, from April 2 to April 6.
They will also introduce it via its WiBINARS, a branded educational series of the association.
