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BlueVine

·Apr. 5, 2016

Invoice Factoring: The Last Holdout

[Editor’s note: This is a guest post from Eyal Lifshitz, CEO of BlueVine. BlueVine is a Bronze Sponsor at LendIt USA 2016, which...

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News Roundup Online Lending USA

·Dec. 15, 2016

Short-Term SME Lender, BlueVine, Raises $49mn

BlueVine raised $49 million in a Series D funding round from existing investors including Lightspeed Venture Partners; BlueVine has so far provided $200 million in working capital and says they are on track to lend out $500 million in 2017; BlueVine credits partnerships for a lot of their success, in particular the deal with QuickBooks who says the BlueVine offer is very popular among users. Source

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News Roundup Online Lending USA

·Feb. 28, 2017

BlueVine Secures Credit Line of $75mn

Marketplace lender BlueVine has secured a $75 million credit line from Fortress Credit Corp. and funds managed by affiliates of Fortress Investment Group LLC; the firm provides online working capital financing for small and medium-sized businesses; it plans to use the financing to expand its working capital solutions and specifically its Flex Credit product. Source

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News Roundup Online Lending USA

·Aug. 21, 2017

Online Lending Market Risks Affecting Valuations

CNBC talks with Eyal Lifshitz of Bluevine who says fallouts from public companies have affected valuation discussions noting that investors are more skeptical now after struggles from Lending Club and OnDeck; Lifshitz expects companies will drop out of the market and Schwark Satyavolu, general partner at Trinity Ventures, says the industry is likely to see more acquisitions and consolidation. Source

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Peer to Peer Lending

·Nov. 2, 2017

An Acceleration in Fintech Capital Raising

There has been a healthy level of new funding deals closed in recent weeks. What we want to do in...

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News Roundup Online Lending USA

·Oct. 26, 2016

Intuit Partners with BlueVine to Offer Credit Lines to Small Businesses

Intuit has partnered with BlueVine to make credit more easily available for its QuickBooks users; the partnership will allow small businesses using QuickBooks to obtain credit lines of up to $100,000; BlueVine will add a line of credit product offering to the borrowing options on QuickBooks which currently also include loans from Lending Club, OnDeck and Funding Circle. Source

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Peer to Peer Lending

·Dec. 19, 2016

An Overview of Small Business Loan Funding

As non bank lenders continue to gain market share across different loan segments, we wanted to give a complete overview...

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News Roundup Online Lending USA

·Mar. 29, 2017

BlueVine Reports Third Year of Online Financing

Firm has been providing working capital financing for small and medium size businesses (SME) for three years; reported working capital funding of approximately $200 million in 2016 and estimates total funding through 2017 to reach $700 million; firm primarily lends to retail, IT services, business services, media and entertainment, engineering and construction through its flexible working capital financing and Flex Credit product which offers revolving business credit lines of up to $100,000. Source

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Fintech News Roundup USA

·Oct. 18, 2017

BlueVine Nabs $130mn in Debt Financing

Invoice finance platform BlueVine secured $130mn in debt financing; the financing comes from Silicon Valley Bank, SunTrust Bank, Bank Leumi and TriplePoint Venture Growth BDC Corp.; BlueVine founder and CEO Eyal Lifshitz tells Bankless Times, “Business owners have diverse needs, and by augmenting our product offering, we are able to offer the solution that fits best.” Source.

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Fintech News Roundup USA

·Jan. 12, 2018

Jersey City Slowly and Quietly Becoming Fintech Destination

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.

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