Results 1 to 8 of 8
-
04-22-2015, 09:55 AM #1
Bizfi
Is this another company under the MCC umbrella?
http://www.bizfi.com
-
04-22-2015, 10:33 AM #2
Reputation points: 16720
- Join Date
- Sep 2014
- Posts
- 430
Yes.
-
04-22-2015, 11:57 AM #3
yes, heard from people who saw the presentation at Lendit that it looked really good
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
-
04-22-2015, 11:59 AM #4
Reputation points: 3766
- Join Date
- May 2014
- Posts
- 317
-
04-22-2015, 01:04 PM #5
I think this is a classic scenario of a big company realizing that a few little companies are making a dent (the pure marketplace model) and competing against them but with a much larger marketing and PR budget behind them.
As an example, a few days after BizFi launched, Steve Sheinbaum appeared on Bloomberg TV to talk about it.
-
04-22-2015, 01:10 PM #6
Link to the video: http://www.bloomberg.com/news/videos...s-with-funding
-
04-22-2015, 01:22 PM #7
Reputation points: 3766
- Join Date
- May 2014
- Posts
- 317
Agreed, I was just pointing out I didn't see any new tech behind it yet or anything. Def smart for them to do it though.
-
04-22-2015, 01:35 PM #8
I think the challenging part for startups that are marketplace-only in business lending, is that it is easily replicated. Most funders and lenders are open to integrations and API connections with the hope that they might get some deals from it. The entire business becomes about marketing budget and strategic partnerships.