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.