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FundThrough Acquires BlueVine´s Invoice Factoring Business to Expand Funding Platform
Friday 14 January 2022

Toronto-based fintech platform FundThrough has acquired the invoice factoring business of California-based financial technology company BlueVine to strengthen position in AI-powered invoice funding platform in North America, the company said.

Terms of the transaction were not disclosed.

The acquisition fast tracks the company's focus on embedded finance and its expansion efforts in the US market, doubling the number of US clients that will rely on FundThrough to turn unpaid invoices into working capital.

The acquisition is expected to more than double the number of funding transactions that FundThrough makes annually.

In addition to accelerating its US expansion, the acquisition also rapidly progresses another core FundThrough strategy: becoming a leader in embedded finance.
Date Published: 14/01/2022