deBanked reports that Wold Business Lenders (WBL) has purchased several assets from Bizfi including the brand, marketplace, the Next Level Funding renewal book and other pieces of the company; WBL, a small business lender will lend on the platform; Stephen Sheinbaum, founder of Biz joined WBL as a managing director in July; several other Bizfi staff have joined WBL. Source
In recent months Jersey City has seen three more companies relocate to the area; companies recently relocating include Yellowstone Capital, World Business Lenders and Principis Capital; this is in addition to BlueVine and Funding Metrics recently opening up operations in the city; one of the main drivers behind the move is the Grow NJ tax program helping businesses save money by relocating. Source.