The new $5 million agreement with EVRGRN will allow Business Warrior to provide marketing and sales support to accelerate the growth of the combined funding solutions provided by the three companies (Business Warrior, elev8 and EVRGRN). EVRGRN, an up and coming fintech company, provides loan services and technology for its lending partners, including Business Warrior and elev8. EVRGRN processed more than four million PPP loan applications, which resulted in $17.4 billion worth of funding.
Business Warrior released its fourth quarter and full financial results on November 30, 2021.
Highlights of the annual financial results for the fiscal 2020 year ending August 31, 2021:
- Total income: $5.5M
- Year-over-year income growth: 1,331%
- Over $1.2M in profit, which is 18 months ahead of the Company’s original forecast
The largest contributor to the company’s income was partner-driven revenue, which will continue to grow in 2022 with the expansion of the elev8 relationship.
Business Warrior posted a strong fourth quarter with a revenue increase of 2,600% compared to last year. The healthy quarter propelled the annual results greatly ahead of the company’s plans, placing them on a catapulted trajectory heading into 2022.
“2021 marked a historic year for Business Warrior. Not just our revenues, but the fact that we are 18 months ahead of our profitability forecast,” said Rhett Doolittle, CEO and Chairman of BZWR. “We’ve always known that our business model allows for massive results and this year’s performance highlights what our team is capable of.”
Business Warrior Funding
Business Warrior and elev8 Advisors Group have expanded their partnership in order to accelerate their presence in the small business lending marketplace. The two companies have been working in tandem to create better solutions to small business owners beyond merchant cash advances and traditional banks. Their combined solution is just days away from launching to the public, which represents an incredible growth channel for both organizations in 2022 and beyond.