Ocrolus, a data verification and cash-flow analytics company, announced on Tuesday it has formed a partnership with BlueVine, a provider of online working capital financing to small and medium-sized business lenders. Ocrolus reported BlueVine will use its technology to accelerate growth and scale operations efficiently, creating a faster and more seamless experience for its customers.
“After significant growth and $72 million in Series E funding, BlueVine partnered with Ocrolus to quickly scale up its underwriting operation. Working in conjunction with BlueVine’s proprietary risk automation solutions, Ocrolus helps digitize applicant bank statements which are then analyzed by BlueVine’s risk models, leading to even faster loan decisioning times and a more frictionless customer experience.”
Speaking about the new partnership, BlueVine CEO, Eyal Lifshitz, stated:
“BlueVine has been growing rapidly since we launched five years ago and we’re excited to partner with Ocrolus, which has helped improve efficiencies in our operations and scale our business. Ocrolus has enabled us to improve the customer experience and offer small business owners faster and more convenient access to financing.”
Ocrolus COO, Vikas Dua, then added:
“We’re thrilled to partner with BlueVine and look forward to helping them scale as their impressive growth continues. As lenders throughout the industry have discovered, Ocrolus is a growth factor in and of itself — we provide a solution that allows lenders to take their expansion to the next level.”