As fintech companies start counting their birthdays in the double-digits, both traditional lenders and regulatory bodies have had to accept the world rapid online lending has created. Ken Brause of OnDeck, Eyal Lifshitz of BlueVine and Sebastian Rymarz of Fundbox sat down with ABF Journal to take stock of the past decade or so in the fintech world, discuss some of the changes seen in 2018 and speculate on what the future may hold for the industry.
Online lender BlueVine named Silicon Valley technology and engineering veteran, Herman Man, its chief product officer. Man will focus on developing the next generation of BlueVine products.
BlueVine is making term loan financing available for business owners through its suite of online financing solutions. The BlueVine Term Loan provides small- and medium-sized business owners with fast and simple access to financing to grow their businesses through BlueVine’s advanced online platform.
BlueVine named veteran Silicon Valley technologist Brian Jackson head of U.S. engineering. In this role, Jackson will lead and scale the U.S. engineering team and build BlueVine’s next generation of products.
Nationwide expanded its relationship with online small business lending company BlueVine by offering BlueVine’s fast and flexible financing to small businesses through Nationwide’s Business Solutions Center.
6th Avenue Capital, Bluevine and Fundbox have joined the Innovative Lending Platform Association, an organization made up of the nation’s leading online small business lending platforms
Fintech lender BlueVine raised another $12 million from new investors: Microsoft’s venture fund M12 and the venture arm of insurance and financial services provider Nationwide.
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.
Fintech factor BlueVine Capital secured a $200 million credit line with Credit Suisse. BlueVine will use the funds to expand its credit offerings.
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.