BlueVine flourishing after $49M Series D

Online small business financing platform BlueVine has closed a $49 million Series D funding round led by existing investors Lightspeed Venture Partners, Menlo Ventures, *3North, Citi Ventures, Rakuten FinTech Fund and Silicon Valley Bank.

The influx will support hiring and product development.

Rania Succar

Rania Succar

To date BlueVine has funded more than $200 million in working capital and plans to fund more than $500 million in 2017.

One factor in BlueVine’s growth is their business line of credit, which appeals to QuickBooks users, QuickBooks Financing business leader Rania Succar said.

“It fills a critical part of the QuickBooks Financing portfolio and allows us to extend credit to younger businesses.”

BlueVine also increased the maximum credit limit for invoice factoring to $2 million from $250,000.

The business line of credit maximum credit limit has doubled to $100,000.

Free newsletter signup
Never miss another Bankless Times news story as we send you hand-picked articles every morning
We hate spam. Your email address will not be sold or shared with anyone else. You will only receive our daily newsletter. You can unsubscribe at any time.