Bluevine Celebrates 10 Years of Powering Small Business Banking
Filling the Void Left by Big Banks That Have Underserved SMBs for Decades, Bluevine Surpasses 500,000 Business Customers Served, $850 Million on Deposit, and $14 Billion in Loans Delivered to US-Based Business Owners
JERSEY CITY, N.J.–(BUSINESS WIRE)–Bluevine, the leading provider of small business banking solutions, proudly celebrates its ten year journey of delivering checking, lending, and payments services designed specifically for the needs of US-based small businesses from coast-to-coast and across dozens of market sectors. Over the past decade since its inception, Bluevine has built a market leading digital banking platform that has served over 500,000 business owners, surpassed $850 million in deposits, and delivered more than $14 billion in loans to help facilitate growth for its customers. Bluevine’s success has demonstrated that not only can its business mission be rewarding in helping American businesses achieve growth, but its business model can create measurable value for its company, investors, and employees – punctuated by the generation of hundreds of millions in revenue and maintaining a trajectory of approximately 80% YoY revenue growth.
“I am both proud and humbled by Bluevine reaching its 10 year anniversary. This milestone could have only been achieved by all the small business owners, current and former employees, partners, and investors who have supported our vision through the years,” said Eyal Lifshitz, Co-Founder and CEO of Bluevine. “Every decision we make and product we deliver is driven by our unwavering dedication to small businesses – not just to their needs, but to their success. This continues to be our North Star as we set a course to become the most loved small business banking platform in America, in the years ahead.”
Since its formation in 2013, Bluevine has continually evolved as a business and a brand, all while steadily serving as an ally and trusted financial partner for small business owners. Despite facing unprecedented market challenges, from the COVID pandemic through global economic and political turmoil, Bluevine has been steadfast in its conviction to fill the void left by large banks who have traditionally underserved small businesses with limits on both access to capital and the tools to appropriately manage their finances.
Bluevine’s digital banking platform is purpose-built to empower business owners to manage financial operations from the convenience of the Bluevine Business Checking account – freeing up time and resources to allow them to focus on growing their business. Channeling its deep understanding of the challenges SMBs face daily, the Bluevine user experience is central to guiding decision-making on all new products, services, and features that the company brings to market. Over the past year alone, Bluevine has significantly expanded the capabilities of its platform with the addition of international payments, bill pay and accounts payable automation, accountant and bookkeeper access, QuickBooks integration, and more – with a robust pipeline of additional services and enhancements to come.
Contributing to the company’s success is a cohort of seasoned executive leaders with experience at market defining companies such as American Express, Capital One, Chime, Citigroup, Goldman Sachs, Microsoft, Morgan Stanley, PayPal, Stripe, and more. Bluevine currently employs a world class team of more than 580 people across its US-based offices in Austin, Salt Lake City, Redwood City, and its Jersey City, NJ headquarters, as well as global locations in Bengaluru, India, and Tel Aviv, Israel. Bluevine’s inclusive, entrepreneurial company culture motivates its passionate team to become that vital banking resource and trusted growth partner to the more than 33 million small businesses that are the lifeblood of the American economy, today and in years to come.
To help celebrate the company’s 10 year anniversary milestone, NASDAQ will feature Bluevine on its Times Square MarketSite tower in New York City this afternoon.
About Bluevine
Bluevine provides small businesses with streamlined banking solutions built for them. Since launching in 2013, Bluevine’s innovative and intuitive products, including business checking, bill pay, and line of credit, have helped over 500,000 business owners save time and money so they can focus on what matters most: growing their business.
Bluevine is backed by leading private and institutional investors, including Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, ION Crossover Partners, SVB Capital, Nationwide Insurance, and M12 (Microsoft’s Venture Arm). Bluevine is a financial technology company, not a bank. Lines of credit are issued by Celtic Bank, a Utah-chartered Industrial Bank, Member of FDIC. Banking Services provided by Coastal Community Bank, Member FDIC.
For more information, please visit bluevine.com or follow us on LinkedIn and Twitter.
Contacts
Media Contact:
Kevin McLaughlin
[email protected]
