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§ Private Profile · Jersey City, NJ, USA
FinTech company for SMBs, offering business banking, high-yield checking, loans, and lines of credit. FDIC-insured.
Bluevine has raised $839.0M across 11 funding rounds.
Key people at Bluevine.
Bluevine has raised $839.0M in total across 11 funding rounds.
Bluevine is a financial technology company based in Jersey City, New Jersey, that provides digital business banking solutions, including high-yield checking accounts, lines of credit, and payment tools for small and medium-sized enterprises. The platform has served over 900,000 businesses and delivered more than $16 billion in loans across various commercial sectors, including retail, engineering, media, and information technology services throughout the United States. Operating with a workforce of 549 employees across multiple offices, including early hubs in Silicon Valley and Tel Aviv, the company currently manages $1.8 billion in customer deposits. Through a strategic partnership with Coastal Community Bank, the organization offers FDIC-insured deposit services up to $3 million per user while generating revenue from lending interest, invoice factoring, and integrated banking fees. Bluevine was founded in 2013 by Eyal Lifshitz and Nir Klar.
Key people at Bluevine.
Bluevine is a financial technology company founded in 2013 that provides digital banking and financing solutions tailored for small and medium-sized businesses (SMBs) in the United States.[1][2][4] It offers products like business checking accounts, lines of credit, invoice factoring, term loans, and bill pay, addressing cash flow challenges and the lack of SMB-focused services from traditional banks.[1][3][4] Serving over 500,000 customers, Bluevine has delivered more than $14 billion in loans, manages around $1 billion in deposits (with $850 million surpassed as of its 10-year mark), and maintains strong growth with approximately 80% year-over-year revenue increase.[4][7] Its mission is to act as a comprehensive "financial operating system" for SMBs, making services more accessible, affordable, and intuitive through technology like machine learning for faster underwriting.[3][7]
Bluevine was co-founded in 2013 by Eyal Lifshitz, a University of Chicago Booth alumnus from a family of business owners, and Nir Klar, initially in Tel Aviv before opening a U.S. office in Silicon Valley in 2014.[1][3][6][7] Lifshitz identified a critical gap in financial services for SMBs, inspired by his entrepreneurial background and the struggles of small businesses with cash flow and limited banking options.[2][3][6] The company launched in March 2014 with an innovative invoice factoring platform using machine learning to accelerate risk assessment and funding, disrupting traditional small business lending.[1][5] Pivotal expansions included a business line of credit in 2016 via Celtic Bank, FDIC-insured checking accounts and debit cards in 2019, and bill pay features; it also became a top Paycheck Protection Program (PPP) lender in 2020-2021, funding thousands amid COVID-19.[1][3][8] Headquarters shifted from Palo Alto to Redwood City in 2019 and later to Jersey City, New Jersey, with over 500 employees across the U.S., Israel, and India.[1][6]
Bluevine rides the fintech wave democratizing banking for underserved SMBs, a $40 trillion global market long neglected by big banks favoring larger clients.[2][4] Its timing aligns with digital transformation accelerated by COVID-19, where SMBs needed fast capital—evident in its PPP role saving jobs and businesses.[8] Market forces like rising interest rates, economic volatility, and AI advancements favor its model, filling voids in accessible credit and holistic tools amid a shift to "embedded finance" and operating systems for business ops.[3][6][7] By empowering SMB growth, Bluevine influences the ecosystem, supporting the backbone of the U.S. economy (99% of businesses are small) and proving fintech scalability.[4]
Bluevine is poised to solidify as America's premier SMB banking platform, expanding its "financial operating system" with AI enhancements, more lending products, and international reach while sustaining 80%+ growth.[4][7] Trends like embedded finance, real-time payments, and SMB digitization will propel it, especially as economic uncertainty drives demand for flexible capital.[6] Its influence may evolve from niche lender to indispensable partner, potentially via profitability milestones or acquisitions, reinforcing its mission to bridge banking gaps for entrepreneurs everywhere.[2][3]
Bluevine has raised $839.0M across 11 funding rounds. Most recently, it raised $150.0M Debt in February 2022.
Bluevine has raised $839.0M in total across 11 funding rounds.
Bluevine's investors include Raymond Chan, Fortress Investment Group, Jonathan Kolodny, 83North, Amplify.LA, Balderton Capital, Bessemer Venture Partners, BoxGroup, Fifth Wall, Kamran Ansari, Innovation Endeavors, Lightspeed Venture Partners.