Bizcap, an SME lender in Australia and New Zealand, has announced its launch in the United Kingdom.
Since its establishment in 2019, Bizcap has garnered over 21,000 customers, funding over$850 million in loans. It has described its recent expansion to the UK as a “game changer for local businesses”, promising to offer a “refreshing” alternative to traditional lending institutions.
A news release noted the lender employs a different approach to credit assessment and risk evaluation as it aims to tailor loans according to the individual needs of their clients. Bizcap promises to be able to approve loans in as little as three hours and fund loans within the day.
Co-founder of Bizcap, Zalman Blachman (pictured above right) expressed enthusiasm about the UK expansion.
“Our expansion into the UK is a thrilling milestone for Bizcap, reflecting our dedication to revolutionise business funding globally,” said Blachman. “We are particularly excited about introducing our unique credit model, one that prioritises understanding our customers beyond the numbers. We have a tried and tested model of open-minded lending that has worked across Australia and New Zealand that will give us an edge in the UK market.”
His sentiments were echoed by Sasha Berg, managing director of Bizcap UK, who emphasized the company’s mission to empower entrepreneurs. “Our mission has always been to empower small businesses, and the UK launch is a testament to our commitment,” he said. “We understand the challenges that entrepreneurs face, and Bizcap is here to provide not just funding but a partner in their journey. With our proven track record, we look forward to being a catalyst for growth in the UK market.”
Rebecca del Rio, Bizcap’s chief revenue officer, underscored Bizcap’s dedication to brokers and financial advisors, promising a solutions-oriented approach for their clients. “Having cultivated trusted relationships with brokers and financial advisors, we are the lender of choice for them and their clients,” she said.
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