Fintech pioneer BlueVine announced on Wednesday that this month marked its third year as an online provider of flexible and convenient working capital financing to small and medium-sized businesses.
Launched in 2014, BlueVine’s platform offers 100% online invoice factoring service. The company reportedly funded nearly $200 million in working capital in 2016. The company expects to double that in 2017 and is on track to fund approximately $700 million since inception. Eyal Lifshitz, founder and CEO of BlueVine, stated:
“The inspiration for BlueVine came from my dad, who also struggled with cash flow as a small business owner. It’s very rewarding to provide a service that has helped thousands of small business owners solve this common problem. I’m so proud of our team’s efforts over the past three years to build the fastest, most convenient way for entrepreneurs to get funding to run and grow their businesses.”
BlueVine added it has broadened its customer reach to include businesses in a wide range of industries, including retail, IT services, business services, media and entertainment, engineering, construction, and others.