Small business lender BlueVine just nabbed $102.5 million in funding on the heels of its banking launch
This brings BlueVine's total capital raised to $240 million. Founded in 2013, BlueVine offers small businesses multiple credit options, including revolving lines of credit and invoice factoring, in addition to its new banking services.
"The fundraise is holistically to enable this company to get to a scale where it could be a large, publicly traded fintech company," Tyler Sosin, a partner at Menlo Ventures, told Business Insider. Menlo also has investments in fintechs like robo-advisor Betterment and neobank Chime. BlueVine will continue to develop the credit side of its business alongside its new bank, said Sosin.
Silicon Valley Bank , a BlueVine investor, has been providing small business banking for 35 years, and 50% of all venture capital-backed tech and life science companies in the US bank with them, according to its website.told Business Insider
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
5 benefits of small business credit cardsHere are 5 benefits of small business credit cards that can add up to increased savings and easier expense management.
Baca lebih lajut »
Opinion | Sanders’s Tax Would Hit Small InvestorsFrom WSJopinion: Sanders’s proposed financial transaction tax could reduce retirement savings by as much as 8.5%, writes Fred Hatfield
Baca lebih lajut »
34 Storage And Organization Products With Small Price Tags And Big Results34 Storage And Organization Products That Don't Cost A Lot But Work Really Well
Baca lebih lajut »
How ‘Mrs. Fletcher,’ ‘Unbelievable,’ ‘The Terror: Infamy’ Expand Source Material for Small ScreenWhen Tom Perrotta sat down to adapt his 2017 novel “Mrs. Fletcher” into a seven-episode limited series of the same name for HBO, he was facing a world that had changed in the way people spoke about…
Baca lebih lajut »
WeWork layoffs began on Monday, sources say, with one person calling it a 'small mercy'The first people to be cut will be spared having to work long hours executing layoffs, only to face job cuts themselves, a source says.
Baca lebih lajut »
Small in numbers, Thai Catholics preserve centuries-old traditionsThe last time Vararunee Khonchanath was in the presence of a pope was before she...
Baca lebih lajut »