BlueVine Raises $60M Series E for SME Lending Platform

BlueVine, a fintech providing invoice factoring and business lines of credit to small and medium-sized businesses, announced a $60 million Series E funding round led by Menlo Ventures on June 5, 2018. The company operates through bank partnerships to originate and service loans, representing an embedded finance approach to SME lending. BlueVine's platform enables small businesses to access working capital more quickly than through traditional bank channels.

The Series E round brought significant new capital to expand BlueVine's product offerings and customer reach. The company leverages technology and data analytics to underwrite and service loans originated through its banking partners. This funding demonstrated investor confidence in the fintech-bank partnership model for delivering financial products to underserved small business segments.

Financial terms beyond the $60 million headline figure were not fully disclosed.