Rakuten and new investor Citi Ventures contributed to a round that took the business finance platform's overall funding to $113m.
US-based online small-business finance platform BlueVine completed a $49m series D round yesterday that included financial services firm Citi and e-commerce and financial technology company Rakuten.
Lightspeed Venture Partners, Menlo Ventures, 83North and Silicon Valley Bank (SVB) also participated in the round. The corporates invested through subsidiaries Citi Ventures and Rakuten FinTech Fund.
BlueVine operates a cloud-based platform that small and medium-sized businesses (SMBs) can use to access financing. It supplies between $5,000 to $100,000 for a business credit line…
