“As we move forward we will continue to focus on keeping small businesses more competitive by lifting the financial management and working capital burden with technology,” Todd Ehrlich, BAMFi CEO and founder.
ATLANTA (PRWEB) March 27, 2019
BAMFi, a leader in the financial technology space, announced today that the company has funded more than $1 billion in transactions for small businesses across the U.S. Backed by Wells Fargo, who recently increased the company’s senior credit line to $90M, BAMFi continues to push the small business fintech frontier.
BAMFi’s fintech and cash flow platform provides customers with access to technology and capital to streamline back-office operations and scale faster. BAMFi processes thousands of transactions per day through its proprietary software, giving clients the tools needed to compete with the larger companies in transportation, oil and gas, construction, and staffing.
By applying world-class financial technology to the traditional funds transfer and advanced payment process, BAMFi clients see improved days to pay which frees up working capital to re-invest in growth for themselves. This improved financial and credit base enables small businesses to build stronger vendor relationships while increasing cash flow.
“BAMFi’s software has provided our clients with an exponential increase in overall business financial performance by enabling them to outsource the majority of their back office needs,” said Todd Ehrlich, BAMFi CEO and founder. “As we move forward we will continue to focus on keeping small businesses more competitive by lifting the financial management and working capital burden with technology.”
BAMFi’s mission is to remove barriers to entry and enable growth for small and midsize businesses. Its propriety fintech and transportation management software have been key to spearheading change in the typically less sophisticated markets where BAMFi enables small business growth.
To learn more about BAMFi and its most recent news, visit http://www.bamfi.com.
BAMFi is a leading provider of cash management and working capital solutions for transportation, construction, oil and gas and temporary staffing service providers, committed to helping clients increase their financial performance through operational efficiency. BAMFi’s proprietary payment processing and cash management engine, BAMwire™, allows businesses access to capital more quickly, reducing days to pay, improving credit scores and building stronger vendor relationships while increasing cash flow. Unlike traditional bank lending or factoring arrangements, BAMFi uses proprietary technology to improve access to capital across industries and service providers. Learn more at https://www.bamfi.com.