BlueVine Archives - Page 5 of 5

Alumni News—February 18, 2015

By David Penn Posted on February 18, 2015
Categories: ayondo, BehavioSec, Bluefin Payment Systems, BlueVine, Braintree, Check Point, Coinbase, D3 Banking, Expensify, Hidden Levers, Insuritas, Kantox, Lending Club, Malauzai Software, Mitek, NICE Systems, Payfone, Ripple, Taulia, Temenos, TIO Networks, Tradier, TransferWise, Tuition.io

FinovateEurope 2015: Tweets by the Thames.

Mitek launches Commercial Mobile Deposit Capture, bringing MDC technology to the enterprise.

Malauzai reports doubling revenues, growth of customer base to more than 300 community banks and credit unions.

D3Banking adds to leadership team with four new appointments.

Check out FinovateEurope 2015 in the press.

Bluefin Payment Systems to provide Decryptx point-to-point encryption (P2PE) solution to Heartland Payment Systems’ clients.

Temenos purchases Akcelerant to accelerate growth in North America.

Lending Club partners with BancAlliance, a national consortium of 200 community banks.

Fast Company lists BehavioSec, Ripple, Braintree, Expensify, NICE and BlueVine as top innovative companies in the money category

PYMNTS discusses retail’s adoption of mPOS with Bluefin Payment systems.

PYMNTS highlights Taulia’s massive growth.

ayondo clients now receive free access to real time analysis tools from StockPulse.

Kantox uses Apply Financial’s API to enhance customer service and enable more integrated international payments.

TechFlash interviews Payfone CEO and co-founder Rodger Desai.

Stockhouse: TIO Networks poises to capture major portion of mobile payment market.

USA Today highlights Tuition.io for student debt management.

TransferWise launches in United States.

Code CU to use Insuritas for insurance agency solution.

Coinbase Android and iOS apps now available in 11 new languages.

Global Financial Private Capital selects HiddenLevers to help advisors grow their practice.

Check Point acquires Hyperwise.

Tradier’s API takes 15 million production calls in Jan., a 33% increase in a single month.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Alumni News– January 23, 2015

By David Penn Posted on January 23, 2015
Categories: Akimbo Financial, BankBazaar, Betterment, Bill.com, BlueVine, Encap, EZBOB, FutureAdvisor, Google Cloud Platform, Jemstep, Kreditech, LearnVest, MaxMyInterest, Mifos Initiative, Motif Investing, On Deck Capital, Personal Capital, SigFig, Toshl, TradeKing, Wealthfront

Internet Retailer looks at the relationship between product reviews and revenue courtesy of a new report from Baazarvoice.

Xero highlighted as “our best purchase of 2014” by Business Betties.

MakeMoneyYourWay profiles EZBOB and its new business loan promotion, the New Year’s Revolution.

Zee News’ Money Guru interviews Abhishek Dwivedi, vice president operations at BankBazaar.com.

Liverpool Echo features Toshl Finance in its list of must-have apps for busy moms.

Investopedia’s guide to choosing roboadvisors spotlights nine Finovate alums: Betterment, FutureAdvisor, Jemstep, LearnVest, Motif Investing, Personal Capital, SigFig, TradeKing, and Wealthfront.

Benzinga Fintech Awards publishes its video interview with Gary Zimmerman, CEO of MaxMyInterest.

American Banker covers OnDeck’s small business loan marketplace for institutional investors.

Pymnts interviews René Lacerte, CEO and Founder of Bill.com about how to simplify B2B payments.

Mifos welcomes new partners: SkooliLabs and iSystems

Google Cloud Platform releases beta of Google Container Registry for secure hosting, sharing, and management of private container repositories.

BlueVine Grabs $18.5 Million to Increase Small-Business Lending.

Encap Security CEO Thomas Bostrom Jorgensen asks if biometrics provide a “false sense of security” in a column for Bob’s Guide.

Akimbo Financial acquired by Payment Data Systems.

Kreditech Secures $200 Million Line of Credit.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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BlueVine Grabs $18.5 Million to Increase Small-Business Lending

By Julie Muhn (@julieschicktanz) Posted on January 22, 2015
Categories: BlueVine, Funding

Being a small business short on funds is never a good thing. However, with more startups tackling short-term funding headaches for small businesses, there are now more options available.

For example, BlueVine Capital raised $18.5 million in a series B round today, bringing its total funding to $24 million. The announcement comes a day after its competitor, Taulia, pulled in $15 million.

The funding was co-led by 83North (formerly Greylock Partners) and Lightspeed Ventures. Silicon Valley Bank, Correlation Ventures and private investors also contributed.

The Palo Alto-based company will use the funding to expand into new verticals and add software integration. It also plans to double its employee base this year.

In March of 2014, BlueVine beta-launched its cloud-based platform that helps small businesses smooth out their cash flow by freeing up funds stuck in unpaid invoices. Businesses can receive credit lines from $5,000 to $50,000.

Since launch, BlueVine has processed thousands of invoices and provided several million dollars to small businesses in the U.S.

Check out BlueVine’s debut at FinovateFall 2014 in New York.

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Alumni News– November 24, 2014

By David Penn Posted on November 24, 2014
Categories: Acculynk, Azimo, BlueVine, Comarch, Kensho, Leaf, Motif Investing, PayNearMe, PayPal

Goldman Sachs announces investment in Kensho, becomes platform’s largest strategic investor.

Baton Investing takes a look at Motif Investing.

Acculynk launches strategic partnership with PayPlum, announces acquisition of company’s intellectual property.

The Economist cites Comarch in its review of Polish companies succeeding internationally.

Leaf CEO Sarah McCrary talks mobile payments in panel discussion on Foodable WebTV.

Invests.com features Azimo in column on online money transfer companies.

Finovate Debuts: BlueVine.

Nasdaq.com examines PayPal’s place in the mobile payments wave.

Forbes looks at how PayNearMe helps the underbanked.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Finovate Debuts: BlueVine

By Julie Muhn (@julieschicktanz) Posted on November 21, 2014
Categories: BlueVine

The Finovate Debuts series introduces new Finovate alums. Today’s feature is BlueVine, which demonstrated its credit line for small businesses at FinovateFall 2014.

BlueVine provides small businesses (SMBs), who often have uneven cashflow, with financing to manage operations. By automatically connecting with the SMB’s accounting software, BlueVine furnishes cash for business’ unpaid invoices in as quickly as a day.

Stats

17 employees
$5.5 million in funding
Founded July 2013

Top 3 benefits

1) Fast funding
To minimize manual input, BlueVine connects to the small business’ accounting software to access unpaid invoices.

The screenshot below shows the user dashboard, which lists all invoices available for instant financing, indicated by the Get paid now button on the right.

The first time the SMB requests funds, they indicate where to send the money, which can arrive as quickly as 24 hours. Subsequent funding requests take only minutes.

2) Simple and transparent
BlueVine’s payment calculator is an example of its simplicity. It requires only two inputs, the amount of the invoice and the due date.

It also shows the advance payment, which equals 85% of the invoice, and is the maximum amount they can receive upfront, alongside the rebate, the amount the SMB receives once the invoice is paid.

BlueVine has no set up or subscription dues, and is transparent about its fees. The Funded section of the dashboard details the cash advance, repayment history, and total fees.

3) 100% online; no paperwork
The BlueVine application process requires two forms, one for business details (see below) and another with personal information.

SMBs upload additional information, such as bank statements, online.

BlueVine demonstrated at FinovateFall 2014, check out the video here.

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BlueVine Helps Companies with Lumpy Cash Flow

By Julie Muhn (@julieschicktanz) Posted on September 23, 2014
Categories: BlueVine, FinovateFall 2014

This post is part of our live coverage of FinovateFall 2014.

BlueVine showed how it can provide funds for small businesses quickly to solve cash flow issues:

“BlueVine gives small businesses an advance on their invoices that they can use to cover expenses or grow their business. We integrate with the most popular cloud accounting software so SMBs can request funds with a click of a button. There is no cost to sign up, no minimum volume requirements, and no termination fees. We offer businesses both discretion over their customer relationships, and control over their financing needs.

BlueVine works with B2B companies with invoice terms of 15 to 90 days and funds invoices with a face value of $500 or more. Customer credit lines typically start between $5,000 and $15,000 and can go up $50,000. Funds can be available as fast as 24 hours, and sooner for returning customers.”

Presenting: Eyal Lifshitz, CEO and Edward Castaño, VP Operations

Product Launch: March 2014

Metrics: $5.5M raised, 15 employees

Product distribution strategy: Direct to Business (B2B)

HQ: Palo Alto, CA

Founded: July 2013

Website: bluevine.com

Twitter: @BlueVineCapital

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Alumni News, 22 August 2014

By David Penn Posted on August 22, 2014
Categories: BankBazaar, BlueVine, Check Point, Continuity Control, EyeVerify, Lending Club, Zumigo

EyeVerify raises $6 million in Series A round, joins Wells Fargo Startup Accelerator.

Find out more about the innovators of FinovateFall 2014 with Part 2 of our Sneak Peek Preview series.

Continuity Control announces $10 million investment.

Zumigo earns a spot in, and an investment from, Wells Fargo Startup Accelerator.

BlueVine brings in $1.5 million in funding. Check out BlueVine’s live demo at FinovateFall.

Four notable website upgrades on Bankbazaar.com.

Houston Chronicle features Lending Club success story.

Check Point Software Technology positioned as a Leader in the 2014 Gartner Magic Quadrant for Unified Threat Management.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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BlueVine Brings in $1.5 Million in Funding

By Julie Muhn (@julieschicktanz) Posted on August 21, 2014
Categories: BlueVine, Funding

Last week, in an extension of its latest seed round, BlueVine raised an additional $1.5 million. This, along with the $4 million round in March, brings its total funding to $5.5 million.

While the specific investor was not stated, investors in previous installments include:

Greylock Partners Israel
Lightspeed Venture Partners
Kreos Capital
Correlation Ventures
Kima Ventures

BlueVine’s platform frees up cash flow for small businesses by providing expedited payment to bridge the gap between outstanding invoice payments and working capital for business operations. After the small business connects their invoicing software to BlueVine, here’s what happens:

They select the invoices for which they want immediate funding
BlueVine funds 85% of the invoice amount up front
When the invoice is due, the customer pays and the small business receives a rebate

BlueVine will demo live on stage at FinovateFall this September 23 and 24 in NYC.

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