In addition to covering Bluevine’s Series C round, Geektime delved into the small business use case and the alternative financing landscape:
“Factoring is an essential need of businesses big and small. The problem that they are solving is that even when a business sends out their invoice to their clients, it can generally take between 30-90 days on average to receive the actual payment. Therefore, they have to turn to lenders to receive capital to fund their ongoing operations, order more merchandise, or simply cover employee salaries… Bluevine offers impressive credit lines for credit worthy clients, running up to an impressive $250,000.”
Read the rest of the article here.