US-based FinTech Bluevine Launches Legal Entity in India

By Leandra Monteiro

Bluevine, a small business banking solutions provider in the US, has now launched its legal entity in India called Bluevine India Private Limited.

The company’s India office is located in Bengaluru and will help expand Bluevine’s global footprint with intuitive, end-to-end banking products tailored to the needs of small businesses. The growth functions in India will include product management, risk management, processing of loan applications and customer support.

Speaking at the official launch, Eyal Lifshitz, Founder and CEO, Bluevine said, “India is one of the fastest growing economies in the world with a large pool of high-quality technical and professional talent. The site will continue to gain importance as it helps us scale commercially, deliver a great customer experience and reduce operational risk. Our office in Bengaluru offers world-class capabilities and a workforce that will help expand our global footprint and enable the next phase of our growth.”

To address the announcement of Bluevine’s launch of legal operations, Siddharth Bellur, India Site Lead, Bluevine said, “We are ecstatic about the launch of Bluevine India Private Limited as a legal entity in India. Over the last two years, we have put together an incredible team of talented individuals and this serves as a strong foundation for us to further develop our talent and recruitment efforts in India. We are very positive about the long-term contribution of the India site to the success of Bluevine and its growing impact over time. We expect the existing functions in India to continue to expand as we adds more functions and disciplines locally.”

Bluevine has experienced significant headcount growth this year and continues to expand its footprint worldwide. Now ranked among the top SMB-focused banking services platforms in deposit volume with $650 million in deposits, small businesses choose Bluevine as their partner for banking services, payment solutions and lines of credit.