BlueVine Raises $102.5M Series F to Expand Small Business Banking

BlueVine announced a $102.5 million Series F funding round on November 19, 2019, to accelerate the growth of its end-to-end banking platform targeting small businesses. The round was led by ION Crossover Partners, with new investors including MUFG Innovation Partners, O.G. Tech (Eyal Ofer's venture arm), Vintage Investment Partners, ION Group, and Maor Investments.

Existing backers Lightspeed Venture Partners, Menlo Ventures, 83North, SVB Capital, Nationwide, Citi Ventures, and M12 (Microsoft's venture fund) also participated. The capital will be directed toward scaling BlueVine's business checking account, which launched in October 2019 in partnership with Mastercard, offering 1% interest and no monthly fees. The checking product is integrated with BlueVine's existing financing products including lines of credit and invoice factoring, creating a unified banking experience for small businesses.

The round brought BlueVine's total funding to approximately $692 million, including debt facilities. The investment underscored growing investor appetite for fintech platforms embedding banking services directly into small business financial workflows.