![]() ![]() The office will provide access to customer support representatives. The acquisition will expand FundThrough’s efforts in the U.S. BlueVine’s quick, simple, and transparent factoring solution lets staffing companies and recruiters get paid on day one for invoices due in 15-90 days. All BlueVine invoice funding division employees are joining FundThrough as part of the transaction. BlueVine specializes in invoice financing for the 21st centurywith a convenient online solution, credit lines up to 500,000, and funds available in as little as one business day. In addition to expanding its lending resources to support small business customers, BlueVine recently opened a Salt Lake City, Utah Office focused on customer service initiatives. Jan 13 FundThrough, a financial technology platform, acquired the invoice factoring business of financial technology company BlueVine. As long as customers pay invoices on time, merchants have no. clients that will rely on FundThrough to turn unpaid invoices into working capital. The acquisition fast tracks the company’s strategic focus on embedded finance and its expansion efforts in the U.S. In addition, the company has provided more than 155,000 small business owners with $4.5 billion in Coronavirus pandemic financial relief loans through the Paycheck Protection Program (PPP). Invoice factoring from BlueVine requires no long-term contracts or scheduled payments. FundThrough has acquired the invoice factoring business of financial technology company BlueVine. The company offers a suite of products including BlueVine Business Checking, Line of Credit, Term Loan, and Invoice Factoring.īlueVine has provided small and medium-sized businesses with access to more than $6.5 billion in financing. You’ve done your research and understand the different types of bank and alternative financing available to you. You’re a small-business owner in need of working capital. Free up your cash flow and apply for invoice funding on FundThrough’s website. Its advanced online platform offers a solution for business’ banking and working capital needs. Bluevine has partnered with FundThrough for invoice factoring. Led by Eyal Lifsthiz, CEO, BlueVine provides small- and medium-sized businesses with access to financial services. The Company provides financing facilities for small businesses such as line of credit, term loan, and invoice factoring services. BlueVine, a Redwood City, CA-based provider of small business banking, secured a $75m revolving credit facility.įunds managed by Atalaya Capital Management, a private credit and special opportunities investment manager based in New York, provided the financing.īlueVine use the capital to expand its flexible Line of Credit lending solution. ![]()
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