Old Hill Partners Upsizes ByzFunder Funding Commitment to $40 Million
On October 19, 2021, Old Hill Partners announced an upsized funding commitment to ByzFunder, increasing the facility to $40 million. ByzFunder is a fintech focused on business financing, and the expanded capital allows the company to grow its lending portfolio and serve more small and medium-sized businesses. Old Hill Partners, a strategic financing partner, has deepened its relationship with ByzFunder through this increased commitment.
The specific terms of the facility beyond the headline amount were not disclosed. The additional capital is expected to support ByzFunder's continued origination growth and expansion of its product offerings. This deal underscores the importance of warehouse and credit facilities from specialized partners in enabling fintech lenders to scale.
It reflects ongoing investor confidence in alternative lending platforms serving the SME segment.
- Shows continued capital flow into alternative SME lending fintechs
- Warehouse facility expansions are critical infrastructure enabling embedded lending scale