USA based FinTech Bluevine launches legal entity in India

By Leandra Monteiro

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

The company’s India office is situated in Bengaluru and will aid in expanding Bluevine’s global footprint with intuitive, end-to-end banking products tailored to the needs of small businesses. The growth functions in India will be product management, risk operations, loan application processing and customer support amongst others.

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

Addressing the announcement of Bluevine’s legal operations launch, Siddharth Bellur, India Site Lead, Bluevine said, “We are ecstatic about the launch of Bluevine India Private Limited as a legal entity in India. In the last two years, we’ve set up an incredible team of talented individuals, and this serves as a strong foundation for us to further grow our talent and recruitment efforts in India. We are very bullish 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 expanding as we add more functions and disciplines locally.”

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