The New Invoice Financing: Online Players Are Transforming The Market

In Forbes The New Invoice Financing article, the outlets takes a look at how Bluevine and other online alternative lenders are transforming the market for SMBs seeking innovative solutions to increase working capital:

“Lifshitz started researching factoring – the business in which cash-strapped businesses sell their invoices to a third party at a discount – and came up with an idea for doing invoice finance online. In March 2014, he launched Bluevine with the aim of bringing factoring into the modern, digital era. Today, the Palo Alto, Calif.-based company, which is backed by 83North (formerly Greylock IL), Lightspeed Ventures and others, has funded between $50 million and $100 million in invoices. ‘Invoice factoring has existed since Babylon,’ Lifshitz says, ‘and it is an area that has not been innovated at all.'”

Read the full article here.