BlueVine is the provider of online working capital financing to small businesses and freelancers. The company provides an automated service to advance capital for unpaid invoices.
BlueVine pays a certain percentage of the unpaid invoices immediately and the remainder, minus a fee, upon payment of the invoice.
BlueVine was founded in Jul 2013 by Eyal Lifshitz, Moti Shatner, and Nir Klar. The company is based in Redwood City, California, with offices in Gretna, Louisiana and Jersey City, New Jersey.
BlueVine’s 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 today’s business owners including BlueVine Business Checking Account, Line of Credit, Term Loan, and Invoice Factoring.
BlueVine’s advanced online platform is intuitive and offers a convenient solution for the banking and working capital needs of businesses. The company has provided small and medium-sized businesses with access to more than $2.5 billion in financing.
BlueVine is backed by Lightspeed Venture Partners, Menlo Ventures, ION Crossover Partners, 83 North, SVB Capital, Citi Ventures, Nationwide Insurance and others. The company raised $102.5M from a latest Series F financing on Nov 19, 2019. This latest round brings BlueVine's total funding to $692.5M to date.