Since the start of the COVID-19 pandemic, struggling SMEs and SMBs have found it more difficult to find the capital they need to survive. At the same time, alternative lenders like fintechs have had to adapt their plans in order to continue being a reliable source of financing. Such creativity will still be needed in 2021 as more opportunities arise.
BlueVine named marketing veteran Patrick Adams as its chief marketing officer. In this role, Adams will oversee all marketing functions and will report to Eyal Lifshitz, CEO and co-founder.
BlueVine secured a $75 million revolving credit facility from funds managed by Atalaya Capital Management. The funding builds on an existing partnership with Atalaya, which also is serving as a lender for BlueVine’s online invoice factoring product.
BlueVine is partnering with FLEETCOR Technologies to help businesses apply for government relief funding through the Small Business Administration’s Paycheck Protection Program.
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