![]() ![]() All BlueVine invoice funding division employees are joining FundThrough as part of the transaction. © Copyright of Globes Publisher Itonut (1983) Ltd. Jan 13 FundThrough, a financial technology platform, acquired the invoice factoring business of financial technology company BlueVine. Published by Globes, Israel business news - on June 5, 2018 We continue to get more excited about the expanding ambitions of the company and we believe there is a real opportunity for BlueVine to emerge as the dominant, multi-billion dollar fintech company." The company said it wants to accelerate its growth in the U.S. Learn everything you need to know about ar factoring within this guide. BLUEVINE INVOICE FACTORING FREEThe company has demonstrated dramatic, sustainable growth and has proven that there is enduring value in developing a comprehensive offering of credit products that small and medium sized businesses can use throughout their lifetimes. Canadian invoice funding platform FundThrough has completed the acquisition of US-based fintech BlueVine. Accounts receivable factoring allows you to free up cash to grow your business. Menlo Ventures partner Tyler Sosin said, "BlueVine has continued to impress us since we first invested in 2015. This new investment gives us a stronger market position, as we pursue bigger plans for reaching even more small business owners and expanding our offering." We’re building a cutting edge, technology-enabled platform that is helping thousands of small businesses get quick access to funds to address their everyday funding needs. BlueVine is one of the leading FinTech players in online small business lending and the company’s total funded volume since inception is expected to top $1 billion in 2018.īlueVine CEO and founder Eyal Lifshitz said, "In just four years, BlueVine has scaled two major financing products, invoice factoring and business line of credit. Then you submit your unpaid invoices, either by uploading them or letting Bluevine sync with your. It offers online invoice factoring, term loans, and business lines of credit. BlueVine also plans to use the funding to accelerate R&D hiring.įounded in 2013, the company is headquartered in Redwood City, California and has its development office in Ramat Gan. When you get approved, Bluevine will give you a credit limit. The new financing will support BlueVine’s plan to expand its highly-successful invoice factoring and business line of credit products, and to explore new products catering to small and medium-sized businesses. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |