Bluevine News
26 articles
The fintech company is reducing its global workforce by 18%, including laying off 30 employees in Israel.
Bluevine, a fintech company specializing in digital banking for small businesses, is laying off 18% of its global workforce, including 30 employees in Israel. This marks the second round of layoffs in six months, following a previous reduction in June. The company, which had 550 employees before the layoffs, aims to adapt to global market changes while continuing to grow its small business banking platform. Bluevine is backed by several prominent investors and remains committed to supporting affected employees during their transition. Despite the layoffs, Bluevines R&D center in Israel will continue to drive innovation, ensuring the companys leadership and financial stability.
Layoffs
Founded in Tel Aviv, the business banking solutions and services company is firing 20% of employees in its Israel development center.
Bluevine, an Israeli-US fintech company, announced layoffs affecting 20% of its workforce, including 100 employees globally and 30 in Israel. Despite the layoffs, Bluevines CEO Eyal Lifshitz emphasized the companys positive strategic progress and continued growth in its banking platform. The layoffs are part of an effort to improve efficiency and chart a path to profitability amid changing market conditions. Bluevine, founded in 2013, offers a range of financial services, including business accounts, loans, and credit cards. The company has raised $250 million from investors such as Citi Ventures and Greylock. Bluevine aims to adapt to global market changes while maintaining its long-term strategy and supporting affected employees during their transition.
Layoffs
Fintech company Bluevine laying off 12% of Israeli workforce | CTech
Fintech company Bluevine is laying off approximately 20 employees in Israel, which constitutes about 12% of its local workforce. The company, which provides a digital banking platform for small businesses, stated that the layoffs are part of necessary adjustments to ensure continued optimal response to changing market needs. Despite the layoffs, Bluevine continues to grow and develop its banking platform for small businesses in the U.S. and is actively recruiting for open positions in Israel. The company remains financially stable and confident in its continued success.
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Factoring Services Market Next Big Thing | Major Giants- BlueVine, RTS Financial, eCapital
The article discusses the growth and trends in the Factoring Services market. It highlights the key players in the market and the benefits of factoring services for businesses. The article also mentions the drivers and trends in the market, such as the increasing adoption of factoring services to improve liquidity and cash flow. It identifies the opportunities in the market, including the advent of blockchain in factoring services and the growing demand for detailed company information from customers. The article provides a breakdown of the market by type, end-use verticals, service, and deployment. It also includes a country-level breakdown of the market. Overall, the article presents a positive outlook for the growth of the Factoring Services market.
Customers
חברת הפינטק שמבטיחה לשנות את המימון לעסקים בעידן הדיגיטל
Israeli fintech startup bizi, in partnership with Phoenix Insurance Company and American fintech giant Bluevine, is aiming to revolutionize the credit framework for businesses in the digital age. The companys advanced system allows businesses to apply for credit within minutes and receive approval within hours, based on the principle of if you didnt draw, you didnt pay. This means that even if a business is granted a credit limit of 500,000 shekels, they will not pay a single shekel if they do not utilize it. There are no setup fees, no obligation to utilize a minimum amount, and the credit limit is available 24/7.
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Bluevine Celebrates 10 Years of Powering Small Business Banking
Small Business Tech Roundup: Will Meta's New AI "Personas" Annoy You?
Meta is developing AI-powered chatbots called Personas to engage with users on Instagram and Facebook, aiming to increase daily user percentages. Bluevine launches an accounts payable solution integrated with its small business banking platform. Verizon Small Business Days offers workshops, promotions, and technical assessments for small and mid-sized businesses. BigCommerce integrates Google Cloud AI into its platform to optimize ecommerce operations. Microsoft Teams 2.0 introduces a new app for meeting management.
Customers
הסטארט-אפ הישראלי שעוזר לעסקים קטנים בארה"ב
The article features an interview with Eyal Lifshitz, the founder of Bluevine, a fintech company that provides financial services to small businesses in the US. Lifshitz discusses the challenges of managing a small business and the decision to start Bluevine. He also talks about the state of the banking industry in the US and the future plans of Bluevine. The impact of the article on Bluevine is growth-positive.
Investment
חברת הפינטק BlueVine מעצימה עסקים קטנים ומגייסת עובדים - וואלה! כסף
BlueVine, a provider of financial products for small businesses, is expanding its operations and recruiting new employees. The company, founded in 2013, offers tailored financial solutions for small businesses in the US. It has recently established a research and development center in Carmiel, Israel, and is hiring around 60 employees. BlueVine aims to empower small and medium-sized businesses with innovative banking solutions. The company currently employs approximately 500 people in Israel and the US and has raised $242 million in funding. BlueVine has provided credit worth $5.4 billion to over 87,000 customers. They continue to upgrade their technology, utilizing data science and machine learning to automate loan applications and data management processes.
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BlueVine Announces U.S. Small Business Resilience Program
BlueVine has announced the launch of its Small Business Resilience Program, which aims to recognize and celebrate small businesses that have shown exceptional leadership and innovation during the pandemic. Small businesses can self-nominate for the program, and one winner will receive a $10,000 prize. The program is designed to highlight the stories of small business owners across the country and give back to the community. Applicants will be judged based on their leadership, innovation, and grit during the pandemic. BlueVine is a leading provider of financial services for small businesses and has provided over $5 billion in financing. The company is backed by several private and institutional investors. The Small Business Resilience Program is open for nominations until December 31, 2021.
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BlueVine Capital Expands in Salt Lake City, Utah's Silicon Slopes Region - Area Development
BlueVine Capital plans to expand its operations in the Salt Lake City Silicon Slopes region, creating 1,449 new jobs over the next nine years. The company will build a new operations center in Utah and aims to support and scale its vision for BlueVine business banking. BlueVine may earn up to 25% of the new state taxes it will pay over the nine-year period through a tax rebate. The expansion is seen as a positive growth move for the company and will contribute to the economic development of Utahs fintech sector.
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BlueVine Raises $102.5 Million To Build Next-Generation Small Business Banking
BlueVine, a leading provider of small business banking, has raised $102.5 million in a Series F round of equity financing. The funding will be used to further build and scale BlueVine Business Banking, an end-to-end banking platform for small businesses. The platform includes a business checking account integrated with online financing products. The funding round was led by ION Crossover Partners and included participation from major existing investors and new investors. BlueVine aims to revolutionize banking for small business owners and provide them with a full suite of services designed to meet their unique needs. The funds will also be used to develop future banking features and expand the BlueVine team.
Investment
BlueVine Adds Term Loan to Suite of Online Working Capital Solutions to Fuel Small Business Growth
BlueVine, a provider of online financing solutions for small- and medium-sized businesses, has announced the availability of term loan financing for business owners. The BlueVine Term Loan offers fast and simple access to financing, allowing business owners to pursue larger projects and investments. The loan ranges from $5,000 to $250,000 and does not charge origination fees. BlueVines online platform provides an easy application process, with approval in as fast as 10 minutes and funds deposited within hours. This new financing product adds to BlueVines existing suite of financing options, including invoice factoring and a line of credit. BlueVine has provided nearly $2 billion in financing to businesses across the United States.
Customers
Israel fintech co BlueVine raises $12m
BlueVine, an Israeli fintech company, has raised an additional $12 million in funding from new investors M12 and Nationwide. This brings their Series E financing round total to $72 million. BlueVine provides online working capital financing to small and medium-sized businesses. The company has already raised $60 million from previous investors Menlo Ventures and SVB Capital. BlueVine plans to use the new funding to offer more financing to entrepreneurs. The companys success and market traction have attracted investor confidence. BlueVines suite of technology-enabled working capital solutions has been well-received in the market. The funding round demonstrates the commitment of investors to BlueVines strategy and growth potential.
Investment
Israeli fintech co BlueVine Raises $60m
BlueVine, an Israeli alternative business lending company, has closed a $60 million Series E financing round led by Menlo Ventures and including new investors such as SVB Capital. The financing will support BlueVines plan to expand its invoice factoring and business line of credit products, as well as explore new products for small and medium-sized businesses. The company has raised a total of $533 million to date. BlueVine aims to use the funding to accelerate R&D hiring and strengthen its market position.
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BlueVine raises $200m from Credit Suisse
BlueVine, a fintech company, has secured a $200 million asset-backed revolving credit facility with Credit Suisse. The company plans to use the capital to expand its business line of credit product. BlueVine also announced that it is raising its business line of credit limit to $250,000. Since its founding, BlueVine has raised a total of $473 million in funding and expects its total funded volume to exceed $1 billion in 2018. The company has partnerships with Lightspeed Venture Partners, 83NORTH, Correlation Ventures, Citi Ventures, Menlo Ventures, Rakuten Fintech Fund, and other private investors. BlueVine aims to provide technology-enabled financing solutions to small businesses.
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https://www.crowdfundinsider.com/2018/03/129516-global-payments-platform-veem-announces-partnership-bluevine/
BlueVine doubles invoice financing credit lines to up to $5 million
BlueVine has doubled the credit line size for its invoice factoring product to up to $5 million and increased the limit for its business line of credit product to $200,000. The company aims to provide fast and flexible working capital financing to small and medium-sized businesses. BlueVine has helped companies like Mindstar Aviation and MarketMe Video Production by unlocking capital trapped in unpaid invoices and enabling them to take on bigger projects. The company also announced the opening of a new office in Jersey City, New Jersey. BlueVine is a fintech pioneer that offers invoice factoring and business line of credit financing through its online platform. It has raised $273 million in equity and debt funding from various investors.
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BlueVine Expands Reach With up to $130 Million in New Debt Financing and Business Credit Line With Monthly Payments
Online business lender BlueVine has secured up to $130m in new debt financing and launched a new line of credit product. The company, which provides working capital financing to small and medium-sized businesses, has partnered with Silicon Valley Bank, SunTrust Bank, Bank Leumi and TriplePoint Venture Growth BDC Corp in its latest fundraising activities. The new funds will support the scaling of BlueVines online invoice factoring product and the companys overall growth. The new product allows business owners to make monthly, instead of weekly, payments over 12 months.
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Solomoto and Bluevine Announce Partnership to Offer Credit Lines and Digital Marketing to Small Businesses Globally
Solomoto and BlueVine have announced a partnership to provide credit lines and digital marketing services to small businesses worldwide. Solomotos digital marketing platform combined with BlueVines credit services aims to give small business owners the capital they need and a stronger online presence for exponential growth. Solomoto offers an all-encompassing marketing and advertising solution, while BlueVine provides working capital through its business line of credit solution. The partnership aims to address the need for digital marketing in small businesses and offer convenient financing to entrepreneurs.
Partners
Citigroup backed fintech lender BlueVine secures $75m financing from Fortress - AltFi
BlueVine, an invoice finance provider, has secured a warehouse credit line of up to $75m from Fortress Credit. The funding will allow BlueVine to expand its line of credit financing solution called Flex Credit and help business owners meet their working capital needs. BlueVine offers online working capital financing to small and medium-sized businesses and has strong backing from investors such as Citigroup. The company funded around $200m in working capital for businesses last year and is on track to fund approximately $500m in 2017. BlueVine also announced a $49m Series D funding round in 2016.
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Israeli fintech co BlueVine raises $49m
BlueVine, an online provider of everyday financing to small businesses, has closed a $49 million Series D financing round led by existing investors. This latest financing round brings BlueVines total funding to $107.5 million. The company plans to use the funding to support its rapid growth, expand its team, and increase its range of offerings. BlueVine has already funded over $200 million in working capital for SMBs and aims to fund over $500 million in working capital in 2017. The CEO of BlueVine expressed excitement about the companys growth trajectory and its ability to meet SMB owners financing needs.
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Citi Ventures invests in Israeli fintech co BlueVine
Citi Ventures has made a strategic investment in BlueVine, an Israeli fintech startup that provides working capital financing to small businesses. The financial terms of the investment were not disclosed. This investment will support BlueVines growth and expansion into new markets. BlueVines investors include Lightspeed Venture Partners, 83North, Correlation Ventures, Menlo Ventures, and Rakuten FinTech Fund. BlueVine recently appointed Ana Sirbu as vice president of finance and strategy and launched Flex Credit, a platform expansion beyond invoice factoring. BlueVine is on track to fund over $200 million in working capital in 2016. Citi Ventures invests in segment leaders and their partnership with BlueVine validates the company as a leading small business solution for working capital financing.
Investment
BlueVine Raises $40 Million To Help Small Businesses With Cash Flow
Palo-Alto based BlueVine has raised $40 million in a funding round led by Menlo Ventures to provide credit lines for small businesses. BlueVine offers factoring services, where it pays for customer invoices upfront, addressing the cash flow challenges faced by small businesses. The startup is disrupting the invoice factoring industry and is willing to take a chance on smaller operations by securing credit lines under $250,000. BlueVine utilizes machine learning models for risk assessment and claims to be very profitable on a unit economics basis. Since its founding in 2013, BlueVine has raised a total of $64 million.
Investment
http://www.crowdfundinsider.com/2015/01/61515-fintech-bluevine-capital-secures-18-5-million-in-series-b-round-fast-funding/
BlueVine Closes $4M Funding - FinSMEs
BlueVine, an online invoice financing service, has closed a $4m funding round. The funding will support the companys platform that provides small businesses with an online invoice financing platform to fill the cash-flow gap between services completed and paid invoices. BlueVine integrates with small business accounting software, allowing companies to select the invoices they want to sell and receive funding within one business day. The company takes a commission based on the length of time it takes the businesss customer to pay the invoice.
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