Courtesy of more than $144 million in originations in the second quarter, small business lending platform Bizfi has just surpassed $1.8 billion in financing to more than 31,000 small businesses since inception 12 years ago. The gains represent a 25% year-over-year increase.

Bizfi founder Stephen Sheinbaum credited partnerships—with Western Independent Bankers (WIB) announced in March, and the National Directory of Registered Tax Return Preparers & Professionals (PTIN) announced a few weeks ago—for his company’s ability to provide financing to an expanding universe of small businesses. And this is especially true in the case of small businesses that have had a difficult time raising funds. “We will continue to forge these white-label partnerships with companies that have existing small business relationships,” Sheinbaum said, “with the goal of solidifying the Bizfi brand and expanding our reach.”

Bizfi founder Stephen Sheinbaum demonstrated the Bizfi platform at FinovateFall 2015 in New York.

Bizfi specializes in combining aggregation, funding, and a marketplace on a single platform for small businesses. This enables Bizfi to provide access to third-party brokers and a direct sales force, cash advances and small business loans, as well as a market that enables institutional investors to participate. The combination of features makes Bizfi unique among alternative finance companies, providing its solutions to its strategic partners via API as both white-label and co-branded options. The company has more than 45 funding partners, including fellow Finovate alums OnDeck, Dealstruck, and Kabbage.

Founded in 2005 and headquartered in New York City, Bizfi demonstrated its technology at FinovateFall 2015. In June, the company picked up a $20 million investment from Metropolitan Equity Partners, bringing Bizfi’s total capital to $85 million.

BizFi will provide tax professionals with access to its aggregation marketplace courtesy of a new partnership with the National Directory of Registered Tax Return Preparers and Professionals (PTIN).

PTIN President Michael Rosedale emphasized his organization’s commitment to supporting its members through innovative technology and resources. “Bizfi’s technology and expertise, and its more than 10 years of experience providing financing options to small businesses, will equip PTIN members and their clients with the tool to quickly find the right funding to meet their needs,” Rosedale said.

Left to right: Walt Levengood, chief strategy officer, and Stephen Sheinbaum, founder, demonstrated the Bizfi platform at FinovateFall 2015.

Bizfi founder Stephen Sheinbaum explained that since accountants and CPAs are often “the first people small business owners turn to when they need financial guidance,” they are often a great place for first contact with the small business owner. “Traditional lenders can’t always provide small business owners with the capital they need due to strict credit requirements,” Sheinbaum said. “Bizfi can now help PTIN members and their clients meet those needs.” Services include everything from access to offers and facilitating document transfer to underwriting and closing the deal.

Formerly known as Merchant Cash and Capital and rebranding as Bizfi in the fall of 2015, the company specializes in providing financing options to small- and medium-sized businesses. Its fully automated online marketplace provides businesses with a range of financing options including short- and medium-term loans; invoice, equipment, and franchise financing; business lines of credit, and SBA loans. Bizfi has provided more than $1.7 billion in financing to more than 30,000 SMEs across the U.S., and in addition to being a lender on its own platform, has more than 45 funding partners including fellow Finovate alums OnDeck and Kabbage.

Headquartered in New York City, Bizfi demonstrated its aggregation silo for business financing at FinovateFall 2015. The company raised $20 million in funding from Metropolitan Equity last month, an investment that brought Bizfi’s total capital to $85 million.