Double-Digit Funding Rounds for Fintech Startups BlueVine, Chime, Marqeta

A trio of Bay Area fintech companies announced fundraising rounds in the double-digit millions over the past week to help build out their alternative services in small business lending, consumer banking, and payment cards. BlueVine, an online lender to small and medium-sized businesses, raised $60 million in a Series E equity funding led by Menlo Ventures. The online lender serves businesses that are ready to take on new customers, but need capital to meet growing demand. San Francisco-based no-fee online bank Chime secured $70 million in a Series C financing round in which Menlo Ventures was joined by previous investors. Marqeta, a sort of back-office platform for retailers and other clients that want to create their own credit cards and other payment vehicles, raised $45 million in a funding round led by Iconiq Capital, a private investment firm that serves family offices and other organizations.

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