![]() Our factoring clients will be in great hands with FundThrough. When you join BlueVine, you gain access to the cash that is tied up in unpaid invoices owed to your business. “We determined that FundThrough is perfectly positioned to serve our factoring clients with the care and individual attention they need and deserve. Factoring is receiving advance payments on outstanding invoices, and BlueVine is the ideal online solution for invoice factoring. As we evolve our products and services, we continuously examine how we can better serve our customers at scale,” Eyal Lifsthiz, co-founder and CEO of BlueVine, said. “Since launching BlueVine, we’ve been focused on the financial needs of small businesses and are very proud of what we’ve been able to accomplish. We look forward to providing BlueVine’s invoice factoring clients with the same responsive, personalized customer service and seamless funding experience that FundThrough’s existing clients rely on and appreciate.” the diverse financial needs of todays business owners including BlueVine Business Checking Account, Line of Credit, Term Loan, and Invoice Factoring. market, and through this acquisition we can fulfill our mission on a much larger scale. Each product carries its own requirements. “BlueVine was one of our biggest competitors in the U.S. BlueVine offers three products: business term loans, business lines of credit, and invoice/receivables factoring. “We are committed to helping small businesses grow and thrive, especially those who sell to large customers where long payment terms and a lack of financing options stand in the way of growing a business,” Steven Uster, co-founder and CEO of FundThrough, said. The acquisition of BlueVine’s invoice factoring business is expected to more than double the number of funding transactions that FundThrough makes annually. ![]() The fintech company has scaled to process more than $120 million in funding per month while raising $25 million in equity since its inception. ![]() clients.įundThrough has grown 1,071% over the past three years and almost 300% since last year, funding thousands of B2B clients since the company was founded in 2014. The acquisition will expand FundThrough’s efforts in the U.S. All BlueVine invoice funding division employees are joining FundThrough as part of the transaction. BlueVine sells its founding invoice factoring business to Canadian rival FundThrough Written by FinTech Futures 17th January 2022 FundThrough, a Canadian invoice funding platform, has acquired the invoice factoring business of US-based fintech BlueVine. FundThrough, a financial technology platform, acquired the invoice factoring business of financial technology company BlueVine. ![]()
1 Comment
11/24/2022 03:37:16 am
Thanks for sharing such a informative blog! We know you need to keep a grip on costs, so our monthly fee starts from £0, including free ATM withdrawals and transactions. If you don’t use your account one month, you don’t pay the monthly fee.
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