BlueVine

lendingsme financing

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 19/01/2021

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About

Founded in 2013, BlueVines mission is to empower small businesses with innovative banking designed for them. BlueVine offers a suite of products designed to meet the diverse financial needs of todays business owners including BlueVine Business Checking Account, Line of Credit, Term Loan, and Invoice Factoring. Headquartered in Redwood City, California, BlueVine has provided small and medium-sized businesses with access to more than $2.5 billion in financing and is backed by leading private and institutional investors. All lines of credit and term loan products are issued by Celtic Bank, a Utah-chartered Industrial Bank, Member FDIC. All banking services are provided by The Bancorp Bank, Member FDIC.

MEDICI Analysis

BlueVine allows small businesses to get paid immediately on their outstanding invoices. With BlueVine, companies can free up their cash for paying expenses and growing their business.The company offers credit lines starting at $5k for a business line of credit and $20k for invoice factoring.

Focus

PRODUCTS & SERVICES

Online Funding Platform through the line of credit and advances on invoices. It offers invoice factoring credit line up to $5 million and business line of credit product up to $200,000.

REVENUE MODEL

BlueVine charges 0.5% to 1.0% of discount fee on the invoice value per week. This equals an APR of 28% – 58%.

MAIN CLIENTS

Small Businesses

COMMENT

BlueVine leverages cloud-based financing solutions for small businesses to obtain quick access to the funds they need to purchase inventory, cover expenses and expand operations.

Traction

VALUATION / MARKET CAP:

$612.5 M in 2016

COMPANY TYPE:

For Profit

TRACTION COMMENT:

BlueVine has already funded more than $200 million in working capital for SMBs and is on track to fund more than $500 million in working capital during 2017.

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

8

TOTAL FUNDING

$227.5 M

DATE OF LAST FUNDING

Sep 2020

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company is planning to use the fund to purchase inventory, cover expenses, or expand operations. (July 2018)

ESTIMETED REVENUE RANGE

$50M to $100M

FUNDING SERIES

SERIES A  · $4 M  · Mar 2014

SERIES B  · $18.5 M  · Jan 2015

SERIES C  · $40 M  · Jan 2016

SERIES D  · $49 M  · Dec 2016

SERIES E  · $12 M  · Jul 2018

SERIES F  · $102.5 M  · Nov 2019

OTHERS  · $1.5 M · Aug 2014

DEBT FUNDING

$75 M

LISTED

NO

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,083,676

AVERAGE VISITS (6 MONTHS)

394,770.42

MONTHLY VISITS GROWTH

54.66%

VISIT DURATION

473

VISIT DURATION GROWTH

20.4%

PAGE VIEWS VISIT

5.58

PAGE VIEWS VISIT GROWTH

11.32%

BOUNCE RATE

32%

BOUNCE RATE GROWTH

-1.22%

GLOBAL TRAFFIC RANK

39,902

MONTHLY RANK CHANGE

-28,809

MONTHLY RANK GROWTH

-41.93%

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