BlueVine Closes $60MM in Funding Led by Melno Ventures

Fintech lender BlueVine closed $60 million in equity funding, supporting the company’s momentum in the alternative business lending market. The Series E Funding round was led by Menlo Ventures.

Credit Suisse Provides $200MM Credit Line to BlueVine

Fintech factor BlueVine Capital secured a $200 million credit line with Credit Suisse. BlueVine will use the funds to expand its credit offerings.

Fintech Factor BlueVine Doubles Credit Lines to $5MM

BlueVine 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 from $150,000 to $200,000.

BlueVine Names Sirbu CFO

Fintech lendor BlueVine named Ana Sirbu chief financial officer.

SunTrust, Leumi, Others Lead $130MM Financing for BlueVine

BlueVine closed up to $130 million in new debt financing to enable the online invoice factoring lender to rollout new products.

BlueVine Hires Chief Revenue Officer, Increases Credit Line Max

BlueVine named Eric Sager, former head of sales at Square, as its chief revenue officer. BlueVine also increased its maximum credit lines to $500,000 for invoice factoring.

Fintech Factoring: The World’s Oldest Method of Finance Goes Online

Before revolving credit, venture capital and equity investments, there was factoring. Today, the world’s oldest method of raising business capital has moved online. With the push of a button, companies can sell their accounts receivable and have funds in their accounts within hours. ABF Journal editor Nadine Bonner speaks with the owners of two fintech factoring companies and their clients to see how factoring has been revolutionized.

BlueVine Launches Flex Credit, Hires Former Google Capital Exec

Fintech factor BlueVine has launched Flex Tech to offer small businesses a revolving line of credit. The company also hired former Google Capital manager Ana Sirbu as senior vice president of finance and strategy.

Fintech Startup BlueVine Raises $40MM, SVB Provides New Debt

Online factor BlueVine closed $40 million in funding led by Menlo Ventures, with participation from Rakuten FinTech Fund, Lightspeed, 83North, Correlation Ventures and a new debt facility from Silicon Valley Bank.