22 October 2017
visit www.response.ncr.com

Tungsten connects with BlueVine for SME financing

11 May 2017  |  4160 views  |  0 Source: Tungsten Network

Tungsten Network, a leading global business transaction network, and BlueVine, a leading provider of online working capital financing, unveiled a new partnership today that aims to better meet the financing needs of small and medium-sized businesses (SMB’s) on Tungsten’s Network.

Tungsten Network’s U.S.-based customers now have access to additional financing options through BlueVine’s business line of credit solution, called Flex Credit. With Flex Credit, customers will have fast, secure, and convenient access up to $100,000 in working capital.

Clients pay fees only on funds they draw and they are able to replenish their credit line each time they pay down their balance.

Prabhat Vira, President, Tungsten Network Finance, said: “We continue to bring value to SMBs on our network by adding solutions that meet their particular business needs. Through our partnership with BlueVine, we have added an innovative and easy-to-use line of credit solution to our existing invoice-based early payment offering. This extends our value proposition to those SMBs transacting on our network for whom a line of credit better matches their needs as compared to invoice discounting.”

Tungsten Network’s increased focus on broadening its service offerings is showcased through its commitment of continually adding new partners to its network and expanding its global reach. This commitment is most recently seen with the launches of streamlined currency conversion in six countries and electronic invoicing in India. The BlueVine partnership will offer more options for SMBs who are looking to improve cash flow management and maximize efficiencies across their businesses.

Eric Sager, BlueVine’s chief revenue officer, said the partnership with Tungsten Network highlights the fintech pioneer’s goal to become the leading provider of working capital to small and medium-sized businesses: “BlueVine’s goal is to provide entrepreneurs with smart and convenient working capital solutions so they can focus more of their time on growing their businesses. Partnering with Tungsten Network is an important step toward giving more and more business owners access to tools that address their working capital needs much more effectively.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.atos.netvisit www.innotribe.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
13694 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
12562 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9638 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9343 views comments | 12 tweets | 23 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8649 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job