BlueVine Raises $102.5 Million To Build Next-Generation Small Business Banking

BlueVine, the leading provider of small business banking, announced it has raised a $102.5 million in Series F round of equity financing. This funding round was led by ION Crossover Partners with participation from all major existing investors, including Lightspeed Venture Partners, Menlo Ventures, 83North, SVB Capital, Nationwide, Citi Ventures, Microsoft’s venture fund, M12, and private investors. The round also included new investors MUFG Innovation Partners Co., Ltd, O.G. Tech - Eyal Ofer’s VC, Vintage Investment Partners, ION Group, Maor Investments and additional private investors. BlueVine will use the funding to further build and scale its vision for BlueVine Business Banking, an end-to-end banking platform featuring a business checking account seamlessly integrated with BlueVine’s technology-enabled suite of online financing products. The BlueVine Business Checking Account, announced in October 2019, simplifies and enhances the banking experience for today’s small businesses with an intuitive, easy-to-use dashboard and the BlueVine Business Debit Mastercard® to manage everyday finances, while features like 1.00% interest on balances and zero monthly fees will help small businesses save and grow their money.