ByzFunder

What ByzFunder does

ByzFunder is a New York-based, digital-first alternative lender serving U.S. small and medium-sized businesses. Founded in 2018/2019 and headquartered in New York with nationwide operations, the company provides three credit products: Merchant Cash Advances ($5,000-$500,000, 3-15 month terms with revenue-flexed daily or weekly payments), Term Loans ($10,000-$500,000, 3-24 month fixed weekly payments), and ByzFlex, a revolving revenue-based credit line ($7,500-$250,000, 6-15 month per draw) that resets as borrowers repay. Approval and underwriting rely on revenue performance and minimal documentation (as few as three documents) rather than strict credit-score gating, with same-day decisions and funding often within hours. The company targets underbanked verticals including retail, restaurants/food-service, construction contractors, and other SMB segments excluded from or underserved by traditional bank credit.

The technology stack centers on an AI underwriting engine that analyzes structured revenue, credit, and business-performance data to drive approvals and portfolio performance. Customer activity is supported by a self-serve real-time portal (30% engagement growth in 2025) and an inside-sales specialist team. A fully proprietary AI Lending Management System, planned for 2026 launch, is intended to replace legacy vendor systems with a closed-loop credit architecture spanning application intake through collections. Marketing is content- and SEO-led, with an industry- and city-specific blog, an email newsletter, and a referral/partner network feeding the direct digital application funnel.

The business model is transaction-based: ByzFunder earns revenue through factor-rate pricing on MCAs and fixed-payoff pricing on term loans, monetizing origination volume rather than subscription or float. Capital is sourced through an upsized Old Hill Partners debt facility (up to $40 million) and an inaugural KBRA-rated $170 million asset-backed securitization (June 2026, approximately 3x oversubscribed, expandable to $500 million). Since inception, the company has deployed over $1.5 billion in capital to more than 27,000 small businesses and reported 40% year-over-year origination growth in 2025, with ByzFlex scaling to roughly 20% of total originations.

Name

ByzFunder

Legal name

ByzFunder NY LLC

Website

https://byzfunder.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

ByzFunder is a digital-first alternative lender providing Merchant Cash Advances, Term Loans, and ByzFlex revolving credit up to $500,000 to U.S. small businesses, using revenue-based AI underwriting to deliver same-day approvals and funding within hours.

Ownership category

akta.pro rank

Product category

Alternative Small Business Lending

NAICS

Other Nondepository Credit Intermediation (52229), Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro industry

PRIMARYFSAKAGAD

Merchant Cash Advance (MCA) & Revenue-Based Financing

Financial & Insurance/Lending & Consumer Finance/Small Business & Microenterprise Lending

SECONDARYFSAGAIAC

B2B / Invoice-Based BNPL (Trade Credit at Checkout)

Financial & Insurance/Financial Technology (Fintech)/BNPL & Point-of-Sale Financing Platforms

SECONDARYFSAKAMAI

Small-Dollar Short-Term Installment Loans (Non-payday)

Financial & Insurance/Lending & Consumer Finance/Payday Loans & Short-Term Credit

Keywords

• Small business lending
• Merchant cash advance
• Revenue-based financing
• Business term loans
• Alternative lending

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain

Revenue model

1. Merchant Cash Advance (MCA) Origination: Revenue-based financing product where ByzFunder purchases future receivables from small businesses. Businesses receive upfront capital and repay through automatic daily or weekly payments that flex with revenue. Pricing based on factor rates with transparent total costs. Funding range $5,000-$500,000 with 3-15 month terms.
2. Term Loans: Fixed-payoff term loans providing upfront capital with predictable weekly payment schedules. Businesses receive lump-sum capital with a fixed payoff plan and consistent payment structure. No hidden fees or early payment penalties. Funding range $10,000-$500,000 with 3-24 month terms.
3. ByzFlex Revenue-Based Revolving Credit: Ongoing access to working capital structured as revenue-based financing. Functions like a business line of credit where availability resets as the borrower repays. Each draw amortizes separately over 6-15 months. Qualification based on business revenue performance. Now accounts for 20% of total originations. Funding range $7,500-$250,000.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

ByzFunder originates and services small business credit products — Merchant Cash Advances ($5,000–$500,000), Term Loans ($10,000–$500,000), and ByzFlex revolving credit ($7,500–$250,000) — delivered through an AI-driven, fully online application and underwriting platform with same-day approvals and funding within hours. Pricing is factor-rate or fixed-payoff based with revenue-flexing daily or weekly payments and no collateral requirements, targeting U.S. small businesses that need fast working capital.

Product overview

ByzFunder is a technology-first small business lender offering a portfolio of three distinct financing products: Merchant Cash Advance (MCA) for revenue-based funding up to $500,000 with flexible daily/weekly payments; Term Loan for straightforward upfront capital with fixed repayment schedules; and ByzFlex, a revolving credit facility structured as revenue-based financing that provides ongoing access to working capital ($7,500-$250,000) that resets as borrowers repay. All products emphasize fast approvals (often same-day), minimal documentation (as few as 3 documents), and revenue-based qualification criteria rather than strict credit score requirements.

Differentiator

Problem solved

Functional benefit

Brands

• ByzFlex: Flexible working capital program acting like a business line of credit but structured as revenue-based financing. Allows businesses ongoing access to $7,500-$250,000 with draw, repay, and repeat capability.

Products and services

• Merchant Cash Advance (MCA) Revenue-based funding where ByzFunder purchases future receivables upfront; businesses repay through automatic daily or weekly payments that flex with cash flow. Provides $5,000 to $500,000 with terms of 3-15 months. Designed for U.S. small businesses that need fast working capital without traditional bank barriers.
• Term Loan Upfront capital with a fixed payoff plan and predictable weekly payments. Provides lump-sum funding of $10,000 to $500,000 with terms typically ranging from 3-24 months. No hidden fees and no early payment penalties.
• ByzFlex Flexible working capital product structured as revenue-based financing that acts like a business line of credit. Funding availability resets as businesses repay, providing ongoing access to $7,500-$250,000 with 6-15 month per-draw terms. Early payoff discount as low as 1.299%.

Quantifiable outcome

• 40% year-over-year growth in 2025 with record originations
• +5 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• OnDeck Capital (now Enova): OnDeck, now part of Enova, was a pioneer in online small business lending offering term loans and lines of credit to SMBs using data-driven underwriting. Comparable to ByzFunder's revenue-based SMB lending model and digital-first GTM, but operates at much larger scale with a broader product suite.

Direct peers

• BlueVine: BlueVine provides working capital solutions including invoice factoring, lines of credit, and term loans to small businesses through a digital application process. Directly comparable to ByzFunder's revenue-based, online-first SMB funding approach targeting similar cash-flow-constrained segments.
• Fundbox: Fundbox offers SMBs revolving lines of credit and short-term working capital through a digital application and revenue-based underwriting. Closely comparable to ByzFunder's ByzFlex revolving product and revenue-first qualification approach for similar SMB verticals.
• CAN Capital: CAN Capital is a long-standing direct MCA and small business funding provider offering revenue-based financing and term loans to U.S. SMBs. Comparable to ByzFunder's core MCA origination business and SMB customer profile.
• Rapid Finance: Rapid Finance is a U.S. small business funder providing merchant cash advances, term loans, and SBA loans through a digital platform. Directly comparable product mix and target customer base to ByzFunder.
• National Funding: National Funding offers small businesses working capital loans, merchant cash advances, and equipment financing with revenue-based underwriting. Directly comparable product offering and SMB target segments to ByzFunder.
• Currency (formerly Currency Capital): Currency is a technology-enabled small business financing platform providing MCAs and short-term working capital to U.S. SMBs. Directly comparable to ByzFunder's core MCA and revenue-based product set, with overlapping target verticals.
• Fora Financial: Fora Financial provides merchant cash advances and small business loans to U.S. SMBs across retail, restaurants, and service industries. Comparable to ByzFunder's MCA-led product mix and SMB customer profile.

Emerging players

• Lendio: Lendio operates a small business loan marketplace connecting SMBs with multiple lenders, including MCA providers and bank partners. Adjacent peer given its SMB funding focus; differs in that it aggregates lenders rather than originating on its own balance sheet like ByzFunder.
• StreetShares (now part of Pendula): StreetShares specialized in SMB working capital and lines of credit for veteran and small business owners using digital underwriting. Comparable to ByzFunder's revenue-based, online SMB lending model, though narrower in customer focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ByzFunder-105976775154178
• LinkedInlinkedin.com/company/byzfunder2

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ByzFunder