CNBC talks with Eyal Lifshitz of Bluevine who says fallouts from public companies have affected valuation discussions noting that investors are more skeptical now after struggles from Lending Club and OnDeck; Lifshitz expects companies will drop out of the market and Schwark Satyavolu, general partner at Trinity Ventures, says the industry is likely to see more acquisitions and consolidation. Source

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Peer to Peer Lending

·Apr. 16, 2020

All of the Fintechs Involved in PPP Loans

It has been an interesting to say the least as we have watched everything play out with the Paycheck Protection...

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Europe Fintech News Roundup USA

·Mar. 8, 2019

Announcements & Releases for March 8, 2019

Qwil’s Johnny Reinsch: ‘Our mission is to provide liquidity to SMBs and freelancers around the world’ Nationwide Announces New Partnership...

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Fintech News Roundup USA

·Jan. 12, 2018

Jersey City Slowly and Quietly Becoming Fintech Destination

In recent months Jersey City has seen three more companies relocate to the area; companies recently relocating include Yellowstone Capital, World Business Lenders and Principis Capital; this is in addition to BlueVine and Funding Metrics recently opening up operations in the city; one of the main drivers behind the move is the Grow NJ tax program helping businesses save money by relocating. Source.

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Fintech News Roundup USA

·Oct. 18, 2017

BlueVine Nabs $130mn in Debt Financing

Invoice finance platform BlueVine secured $130mn in debt financing; the financing comes from Silicon Valley Bank, SunTrust Bank, Bank Leumi and TriplePoint Venture Growth BDC Corp.; BlueVine founder and CEO Eyal Lifshitz tells Bankless Times, “Business owners have diverse needs, and by augmenting our product offering, we are able to offer the solution that fits best.” Source.

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News Roundup Online Lending USA

·Mar. 29, 2017

BlueVine Reports Third Year of Online Financing

Firm has been providing working capital financing for small and medium size businesses (SME) for three years; reported working capital funding of approximately $200 million in 2016 and estimates total funding through 2017 to reach $700 million; firm primarily lends to retail, IT services, business services, media and entertainment, engineering and construction through its flexible working capital financing and Flex Credit product which offers revolving business credit lines of up to $100,000. Source

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