BlueVine, an online lender providing factoring finance, has hired Eric Sager as Chief Revenue Officer. Sager was formerly head of sales for Square. Simultaneously, BlueVine has increased their max credit line to $500,000 for invoice factoring and $50,000 for “flex credit.” Sager will be tasked with scaling revenue growth for the BlueVine platform.
Prior to his tour at Square, Sager was a principle at Bain & Company. He started his career as a Senior Business Analyst at Capital One.
“I’ve spent my career working to help small businesses succeed and one of the main things I’ve seen small business owners struggle with time and again is access to timely and cost-efficient working capital,” said Sager. “I believe BlueVine is uniquely positioned to help solve this issue for many businesses, and I’m excited to be part of a great team making that happen.”
Eyal Lifshitz, founder and CEO of BlueVine, said he was thrilled to have Sager on the team.
“Eric has a proven track record leading teams in high performance companies and driving sustained growth. His leadership will prove instrumental as we seek to solve working capital challenges for more and more businesses.”
BlueVine states it is currently on track to fund $200 million in working capital in 2016.
