BlueVine

BlueVine

The SMB fintech that started in invoice factoring, grew into a digital small-business banking platform with $2.1B in deposits, and agreed in September 2026 to be acquired by Valley National for $340M — roughly half its 2019 private valuation.

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Location

Jersey City, New Jersey, United States

Country

United States

Founded

2013, by Eyal Lifshitz and Nir Klar

Business

Digital small-business banking — checking, payments, lending

Scale (2026)

~175,000 active SMB customers; $2.1B in digitally sourced deposits

Acquisition

Valley National Bancorp, $340M (announced September 2026)

Last private valuation

$700-800M (Series F, late 2019)

Overview

BlueVine is a Jersey City, New Jersey-based financial technology company founded in 2013 by Israeli entrepreneurs Eyal Lifshitz and Nir Klar, serving approximately 175,000 active small-business customers across the United States with a platform combining business checking, payments, bill pay, invoicing, lending, and financial-management tools (Calcalistech). On September 28, 2026, Valley National Bancorp announced it would acquire BlueVine for approximately $340 million, with Lifshitz joining Valley as head of Small Business Banking when the transaction closes (Calcalistech).

From invoice factoring to a digital bank — then into a real one

BlueVine began as a pure lender with a single trick: invoice factoring, issuing cash to small businesses in exchange for their unpaid invoices at a discount, with up to $5 million in working capital available in days (Finovate). By its 2018 Series E — $60 million led by Menlo Ventures with SVB Capital participating, bringing total financing to $578 million — it had funded more than $900 million in loans to over 10,000 customers, 80% of them repeat borrowers (Finovate).

The pivot to banking came in 2019: a $102.5 million Series F that valued the company at approximately $700-800 million, paired with the launch of an FDIC-insured business checking account (Calcalistech). The deposit franchise that followed became the company’s crown jewel — $2.1 billion in digitally sourced deposits by mid-2026, growing at roughly 35% annually since 2023, on total equity raised of about $290 million alongside ~$770 million in credit and debt facilities (Calcalistech).

The Valley National deal prices that franchise at less than half the 2019 private valuation — $340 million against $700-800 million — a comedown that reflects both fintech’s post-2021 repricing and what the deposits are worth to an acquirer. Valley, a $66 billion-asset bank with 220-plus branches, expects the acquisition to bring $2.1 billion in low-cost digital deposits into its funding base, contribute about 8% to projected 2028 earnings per share, and give it a digital customer-acquisition channel to complement its relationship-banking model (Calcalistech). For BlueVine’s customers, the prize is access to Valley’s branch network and broader services — cash-flow management, credit, insurance, wealth management (Calcalistech).

What this profile does not claim

This profile does not claim the Valley National acquisition has closed — only the September 2026 announcement and its terms are stated. The $700-800 million Series F valuation is per Calcalistech’s reporting, not a contemporaneously verified figure. Deposit, customer, and growth figures are company-reported via the press, not independently audited. BlueVine’s 2020-2021 Paycheck Protection Program lending and the December 2022 congressional report on fintech PPP administration were not verified from fully-read sources and are deliberately not covered here.

Timeline

What we could not verify

These claims came up in research and could not be confirmed. They are recorded here rather than published as fact or quietly dropped. If you hold a source that settles one, please tell us.

Sources

2 sources (2 tier 2), each opened and read against the claim it supports. Every source is independent of the subject; no first-party material is cited. See the source policy.

Built entirely from independent sources fetched and read in full: Calcalistech (tier2) for the Valley National acquisition, company scale, funding history, and valuation; Finovate (tier2) for the invoice-factoring origins and Series E. No first-party sources were used, per the standing editorial rule. Wikipedia was used only as a lead index and is not cited.