“This project was generated from an April 2018, Bay Area Global Strategy & Outreach (GS&O) campaign focused on fast-growing fintech companies,” said Theresa A. The GOED Board has approved a post-performance tax rebate not to exceed $4,087,777 over the nine-year life of the agreement. “Our Utah operations center will help support and scale our vision for BlueVine business banking and help take our customer service to the next level.” 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.

“We’re very excited to join the thriving fintech community in Utah’s Silicon Slopes and look forward to welcoming local customer support and account management talent to our new operations center,” said Eyal Lifshitz, CEO and co-founder of BlueVine. Then, when your client pays, the money will go directly to your Bluevine account. Bluevine will fund 85 of the invoice amount up to 100,000. In other words, they advance part of the invoice to ease a business’s cash flow while they wait for their clients to pay. BlueVine has provided more than $2.5 billion in financing to small and medium-sized businesses since its founding in 2013. Bluevine provides B2B businesses with an upfront payment on outstanding invoices. business checking, line of credit, term loan and invoice factoring. “This project to build a new operations center for BlueVine will create many high-paying jobs that will be economically impactful for Utah.”īlueVine offers a suite of products designed to meet the diverse financial needs of today’s business owners, including BlueVine business checking, line of credit, term loan and invoice factoring. will expand its operations in Utah, creating 1449 new jobs in. “Our fintech sector continues to grow, and we’re pleased BlueVine has chosen to expand in the state,” said Val Hale, executive director of the Governor’s Office of Economic Development. will expand its operations in Utah, creating 1,449 new jobs in the next nine years.

recommend BlueVine to anyone in need of funding and/or invoice factoring. The Utah Governor’s Office of Economic Development (GOED) and the Economic Development Corporation of Utah (EDCUtah) are pleased to announce BlueVine Capital Inc. Fund information complete with FAQs and 3rd party reviews about Bluevine.

Bluevine invoice factoring