Bluevine CEO Eyal Lifshitz shared a 2024 recap as well as the firm’s plans looking forward to 2025.
Bluevine CEO Eyal Lifshitz noted that they spent this past year focused on bringing clients features that could help their business “run even more efficiently and effectively—like international payments, virtual and employee debit cards, and additional security features like ACH debit block, and they straight to work using them.”
Since launch, Bluevine has reportedly processed over 6,500 international transactions and “issued almost 3,000 virtual cards in just a few short months—adding even more weight to their 700K+ businesses helped, $1.2B+ in deposits made, and $14B+ in business loans delivered since our founding.”
Bluevine’s CEO concluded that they “can’t wait to see where 2025 can take your business and, by extension, Bluevine.”
As covered last year, Bluevine, the banking platform that serves as the financial operating system for startups and small businesses, announced the general availability of the Bluevine Business Cashback Mastercard, which offers small business owners “essential access to working capital along with an expansive menu of business tools, merchant discounts, and services to help boost productivity, reach new customers, protect your business, and better manage travel and expenses.”
In addition to earning unlimited 1.5% cash back on all business purchases “with no annual fee, Bluevine Business Cashback Mastercard cardholders can also strengthen overall cash flow management with access to both their card and Bluevine Business Checking account from a single dashboard.”
As reported in September 2024, Bluevine, the banking platform that serves as the financial operating system for startups and small businesses, announced its 2024 Mid-Year Business Owner Success Survey (BOSS) Report, benchmarking the data behind the actual decisions that US-based small business owners (SBOs) are making and informing their future decisions.
This mid-year pulse builds upon the findings “from its New Year report, demonstrating that even though SBOs are unbothered by inflation, unyielding interest rates, and political uncertainty, many are still making costly financial management mistakes that threaten their prospects for a successful 2024.”
Based on Bluevine’s mid-year survey, sentiment remains “positive for SBOs halfway through the year.”
The majority (88%) of SBOs met or exceeded “expectations for business performance forecasts in H1 2024. Nearly three-quarters (73%) of SBOs report coming out of H1 2024 with high confidence in H2 2024 business performance; and, two-thirds (66%) of SBOs received the additional capital they applied for via loan, line of credit, or credit card in H1 2024.”