FundThrough’s Acquisition of BlueVine’s Factoring Portfolio

Buchalter advised FundThrough on the deal.

FundThrough, a financial technology platform that solves cash flow challenges for growing businesses through fast invoice payments, has acquired the invoice factoring business of financial technology company BlueVine. The acquisition fast tracks the company’s strategic focus on embedded finance and its expansion efforts in the U.S. market, doubling the number of U.S. clients that will rely on FundThrough to turn unpaid invoices into working capital. All BlueVine invoice funding division employees are joining FundThrough as part of the transaction.

FundThrough has grown 1,071% over the past three years and almost 300% since last year, funding thousands of B2B clients since the company was founded in 2014. The fintech company has scaled to process more than USD$120 million dollars in funding per month while being extremely capital efficient, having only raised $25 million dollars in equity since its inception. The acquisition is expected to more than double the number of funding transactions that FundThrough makes annually.

FundThrough is a leading fintech company accelerating cash flow and enabling growth for small and medium sized businesses that sell to large customers and wait to get paid. Based in Toronto and operating across North America, FundThrough’s AI-powered invoice funding platform gives B2B businesses fast, customized funding offers to get their invoices paid in a few days – rather than a few months – and get quick access to cash they’ve already earned.

BlueVine provides small and medium-sized businesses with fast and simple access to financial services built with them in mind. 

The Buchalter team was led by Shareholder Benjamin Heuer (Picture) and Of Counsel Paul Tobin.

Involved fees earner: Benjamin Heuer – Buchalter; Paul Tobin – Buchalter;

Law Firms: Buchalter;

Clients: FundThrough Inc.;

Martina Bellini

Author: Martina Bellini