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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.
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.
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.
BlueVine charges 0.5% to 1.0% of discount fee on the invoice value per week. This equals an APR of 28% – 58%.
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.
$612.5 M in 2016
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.
Eyal Lifshitz(CEO); Nir Klar(CTO)
The company is planning to use the fund to purchase inventory, cover expenses, or expand operations. (July 2018)
$50M to $100M
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
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