BlueVine is a company offering an online platform for small and medium-sized businesses to gain access to financial products that is headquartered in Redwood City, California and was founded in 2013 by Eyal Lifshitz, Moti Shatner, and Nir Klar. BlueVine offers business loans between $5,000 and $5 million with interest rates as low as 4.8%.
On November 19, 2019 BlueVine announced raising $102.5 million in series F funding from ION Crossover Partners (lead investor), Vintage Investment Partners, SVB Partners, O.G. Tech Ventures, Nationwide Insurance, Menlo Ventures, Maor Investments, M12, Lightspeed Venture Partners, and ION Group. The CEO and co-founder of BlueVine, Eyal Lifshitz, made the following statement regarding the company's competitors after announcing the company's series F round by saying:
My real competitors are the 4,600 banks in the US. It’s a very long tail in the US. But if you dive into that further, historically SMBs haven’t been serviced well by them.