BlueVine raises $200m from Credit Suisse
Israeli fintech company BlueVine, which provides working capital financing to small and medium-sized businesses, has raised $200m from Credit Suisse.
The 200$ million asset-backed revolving credit facility with Credit Suisse will be used by BlueVine to expand its highly-successful business line of credit product.
As reported by Globes, BlueVine also said it is raising its business line of credit limit to $250,000. Just earlier this year, the company doubled its invoice factoring credit limit to $5 million.
Founded in 2013, BlueVine is headquartered in Redwood City, California and has its development office in Ramat Gan.
Overall, BlueVine has 150 employees, 60 of them in Ramat Gan.
Investors include Lightspeed Venture Partners, 83NORTH, Correlation Ventures, Citi Ventures, Menlo Ventures, Rakuten Fintech Fund and other private investors.
BlueVine founder and CEO Eyal Lifshitz and CFO Ana Sirbu are extremely optimistic on BlueVine’s steady growth.
