Biz2Credit Onboards New Customers 16x Faster with Amazon EKS

Fintech company Biz2Credit ranks among the top 100 fastest growing companies in the US, with a growth rate of 1,022 percent. With headquarters in New York and IT operations in India, Biz2Credit specializes in providing funding solutions that help small businesses expand. The company’s three key products are Biz2Credit, an online marketplace that connects businesses with lenders; Biz2X, a platform that empowers banks to develop small-business lending services; and Maadhyam, a middleware solution that brings together lenders, subject matter experts (SMEs), and aggregators on a single platform, enhancing the lending experience for small and medium businesses (SMBs) in India.

To accommodate its rapid growth, Biz2Credit adopted a cloud-native approach, using Amazon Web Services (AWS) as the underlying infrastructure for Biz2Credit, Biz2X, and Maadhyam. Each product comprises 30−40 microservices, which are grouped into containers. Initially, the company’s IT team manually scaled the Kubernetes control plane. However, to enhance efficiency, the team sought to automate the scaling process. Yuvraj Mittal, head of DevOps at Biz2Credit, explains, “Our goal was to optimize operations, reduce costs, expedite infrastructure set ups for our customers, and enhance our Biz2x platform’s reliability.”

To automate scaling, Biz2Credit adopted Amazon Elastic Kubernetes Service (Amazon EKS), a managed service for running Kubernetes on AWS. Now, the company no longer needs to manually adjust master nodes behind Kubernetes clusters—a task that previously had to be performed during off-peak hours to minimize application downtime. “Amazon EKS automatically scales our control plane, helping us increase uptime from 99.9 to 99.999 percent,” says Mittal.

Furthermore, Biz2Credit has reduced IT costs through management savings and the integration of Karpenter, a high-performance third-party application cluster autoscaler developed with AWS. Karpenter selects the optimal Amazon Elastic Compute Cloud (Amazon EC2) instance for each Kubernetes node. Mittal shares, "With Amazon EKS and Karpenter, we’ve lowered our Kubernetes costs by 25−30 percent."

Today, Amazon EKS serves as Biz2Credit's container orchestration solution, supporting all microservices, including workloads running on Amazon DocumentDB (with MongoDB compatibility) and Amazon Relational Database Service (Amazon RDS). Within this architecture, Application Load Balancer (ALB) distributes traffic among different containers, while Amazon ElastiCache caches frequently accessed data, offloading read operations from Amazon DocumentDB and Amazon RDS clusters. 

With the cost savings achieved through migrating to Amazon EKS, Biz2Credit has been able to invest in improving its security posture. The company now utilizes various AWS security services, such as AWS Config, Amazon GuardDuty, Container Insights, CloudWatch Logs Insights, Amazon Inspector, Amazon Detective, and Amazon Macie to ensure the security of applications and workloads.