US Fintech Company Bluevine Announces Legal Entity in India

BENGALURU, India, 4 May 2023 /PRNewswire/ — Bluevine, a leading provider of innovative banking solutions for small businesses in the US, has now launched its legal entity in India called Bluevine India Private Limited. The company’s India office in Bengaluru will help expand Bluevine’s global footprint with intuitive, end-to-end banking products tailored to the needs of small businesses. The growth works in India will be product management, risk management, loan application processing and customer support, among other things.

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

Adding why Bluevine chose India, MR. Eyal Lifshitz, further added, “We were looking to establish another office outside the US to initially expand our US operations and customer success teams, as well as expand some of our product and technology teams. India stood out as a leading candidate for the site given the strong talent pool, the existing infrastructure and finally the time zone advantages – allowing us to create global coverage and also time zone proximity to Israel where we have a large technology centre. Over the next 5 years, we expect our India site to grow dramatically, diversify in scope and be fully integrated into our global business.”

Talking about Bluevine’s India teams and operations, Mrs. Yael MalekChief People Officer, Bluevine said: “We are excited about it India and the amazing talent here is part of our journey. The talent pool in Bengaluru is incredibly strong, highly skilled and diverse, owing to its high-quality education system and supportive local ecosystem, which includes a long list of prominent technology and financial companies. We have found ours India employees must be committed, humble and eager to learn and succeed. We strive to provide our team with excellent industry benefits, career growth opportunities and be part of a team that makes a meaningful impact on our clients, small business owners.

To address the announcement of Bluevine’s launch of legal operations, Siddharth BellurIndia Site Lead, Bluevine said, “We are ecstatic about the launch of Bluevine India Private Limited as a legal entity in India. Over the past 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 to 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 add more features and disciplines locally.”

A Best Place To Work certified fintech leader, Bluevine has experienced significant headcount this year and continues to expand its footprint worldwide. Now ranks among the best SME-focused banking services platforms in deposit volume with 650 million dollars in deposits, small businesses choose Bluevine as a reliable partner for banking services, payment solutions and lines of credit.

About Bluevine India:

Bluevine provides small businesses with streamlined banking solutions built for them. Since launching in 2013, Bluevine’s innovative and intuitive products, including business checking, bill payment and line of credit, have helped over 500,000 entrepreneurs save time and money so they can focus on what matters most: growing their business.

Bluevine is backed by leading private and institutional investors, including Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, ION Crossover Partners, SVB Capital, Nationwide Insurance and M12 (Microsoft’s Venture Arm). Credit lines are issued by Celtic Bank, a Utah-chartered Industrial Bank, member of the FDIC. Banking services provided by Coastal Community Bank, Member FDIC.

For more information, please visit bluevine.com or follow us on LinkedIn and Twitter.

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SOURCE Bluevine India