biz2creditOYO has entered into a partnership with online financing resource Biz2Credit in a bid to provide working capital and commercial real estate loans to hotel partners across the USA. The partnership is expected to assist Biz2Credit in its goal of providing financing to hotel owners for purposes including renovation, redesign, infrastructure upgrade as well as investment in revenue management.

Abhinav Sinha, Chief Operating Officer, and Operating Partner, OYO Hotels & Homes, USA said, “Biz2Credit is one of the best known, longest established and most successful companies in the FinTech space. They are an important strategic partner for OYO as we pursue our expansion plans in the U.S. and elsewhere while staying true to our commitment to our real estate partners by putting skin in the game. We are certain that through this partnership, our asset partners will be able to benefit from OYO’s tech-enabled and data science-backed world-class expertise in interior design and renovations and revenue management.”

Established in 2007, Biz2Credit is a provider of small business financing and offers customized digital platform solutions for banks and other financial institutions. It helps in the management of small and medium business lending processes.

“This will be a mutual referral agreement in which Biz2Credit will also refer its hotel clients to OYO for potentially opening new OYO properties. Biz2Credit helps streamline the financing process and saves time, effort, and cost in order to get business owners the best financing options available today, ” said Rohit Arora, Biz2Credit’s CEO.

Recently, Biz2Credit completed a Series B capital financing round of $52 million led by the WestBridge Capital.

Avatar
by Megha Bhattacharya
Market Analyst at IBS Intelligence
imp-loader
preloader