BlueVine, backed by Rakuten and Citi, will use the money to expand its product offering and accelerate recruitment of its research and development team.
BlueVine, a US-based online small-business finance platform backed by financial services firm Citi and e-commerce and financial technology company Rakuten, raised $60m in a series E round yesterday.
The round was led by Menlo Ventures and included SVB Capital as well as all major existing investors, though BlueVine did not offer further details about which its backers it classifies as major shareholders.
Founded in 2013, BlueVine has developed a cloud-based platform for SMEs to access invoice factoring and business lines…
