OYO partners with Biz2Credit to Provide Small Business Financing Options to Asset Partners

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OYO, the world’s third-largest and fastest-growing chain of hotels, homes and spaces has collaborated with Online financial solution provider Biz2Credit, to provide working capital and commercial real estate loans to existing and potential hotel partners. Biz2Credit a fintech company known to provide financing solution for entrepreneurs to get a small business loan with fast approval process.

The partnership between Oyo and Biz2Credit will begin from the US market and will support hotel owners with fast financing efficiently for a wide range of purposes which will include renovation, redesign, infrastructure upgrade and investment in technology for enhanced revenue management and operations.

“We are excited about partnering with Biz2Credit to support our asset partners across the United States, with their financing requirements,” said Abhinav Sinha, Chief Operating Officer and Operating Partner, OYO Hotels & Homes, USA. “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.”

Biz2Credit uses the latest technology in custom digital platform solutions to connect small business owners with financing options based on each potential customer’s unique business profile and requirements. All transactions are conducted in a safe, efficient, and price-transparent environment that’s fully online.

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“This will be a mutual referral agreement in which Biz2Credit will also refer its hotel clients to OYO for potentially opening new OYO properties,” said Rohit Arora, Biz2Credit’s CEO and one of the top experts in small business financing and FinTech. “We are proud to partner with a growing global hospitality company that has brought its successful business model to the real estate owners across many countries. Biz2Credit helps streamline the financing process and saves time, effort, and cost in order to get business owners the best financing options available today.”

OYO, as the world’s third-largest hotel chain, is using technology, business expertise and talent to craft beautifully designed, elegant and comfortable living spaces for its consumers. The company with its highly innovative services has attracted some of the world’s leading investors, including Airbnb, SoftBank Vision Fund, Greenoak Capital, Sequoia Capital, and Hero Enterprise. The firm which was started by 19-year-old Ritesh Agarwal, couldn’t have imagined to be the world’s fastest-growing hotel chain just six years . However, the innovation and success of OYO in the U.S. and across the world led Agarwal to sign a $2 billion primary and secondary management investment round, allowing him to increase his stake in the business.

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