- SME digital banking platform Bluevine has agreed to be acquired by Valley National Bank for $340 million in cash and stock.
- The acquisition will help Valley expand its small business franchise and accelerate its digital and AI strategy.
- Bluevine was founded in 2013. Headquartered in Jersey City, New Jersey, the company made its Finovate debut at FinovateFall 2014.
Small business digital banking platform Bluevine has agreed to be acquired by Valley National Bank (“Valley”). The approximately $340 million transaction will consist of approximately 75% cash and 25% Valley common stock.
Bluevine serves 175,000 small business customers and has served more than 415,000 businesses since inception. The company offers an integrated suite of digital banking, payments, lending, and financial management solutions—including high-yield business checking, accounts payable, debit and credit cards, loans, and lines of credit—all tailored for small and medium-sized businesses. The acquisition by Valley will enhance the financial institution’s funding base, expand its small business franchise, and accelerate its digital and AI strategy.
“Bluevine was founded to give small business owners the financial tools and digital experience they need to manage and grow their businesses,” Bluevine Co-Founder and CEO Eyal Lifshitz said. “Valley shares that commitment and brings the balance sheet capacity, relationship banking expertise, and broader capabilities necessary to support our customers through every stage of their journey. Together, we will be able to expand our impact while preserving the technology, customer focus, and entrepreneurial culture that have driven Bluevine’s success. We look forward to joining Valley and continuing to enhance our small business banking platform.”
The acquisition is expected to close in early 2027, subject to standard regulatory approvals. Lifshitz will join Valley as Head of Small Business Banking.
In acquiring Bluevine, Valley National Bank gains a scaled digital small business platform and more than $2 billion in low-cost, digitally-sourced deposits. Valley will also benefit from access to a suite of integrated banking, payments, lending, and financial management solutions designed specifically for small businesses. Additionally, Bluevine’s engineering, product, data science, and AI talent will be valuable in boosting the bank’s longer-term technology strategy. At the same time, access to Valley’s branch network and treasury management, credit, insurance, wealth, and capital markets solutions will give Bluevine customers a more comprehensive value proposition.
“The acquisition of Bluevine directly advances the strategic priorities we have previously communicated to our shareholders,” Ira Robbins, Valley National Bank Chairman, President, and CEO, said. “It is expected to enhance our core funding capabilities, add a proven small business growth platform, and meaningfully accelerate our digital and AI capabilities. Bluevine has built an impressive franchise which has generated a diversified base of small business operating deposit relationships, a highly engaged customer community, and a modern technology platform purpose-built for the needs of small businesses.”
Valley National Bank is a regional financial institution with more than $66 billion in assets. The principal subsidiary of Valley National Bancorp (NASDAQ: VLY), Valley has more than 220 branch locations and commercial offices across New Jersey, New York, Florida, Alabama, California, Illinois, Pennsylvania, and Arizona. The bank was founded in 1927.
Founded in 2013 and headquartered in Jersey City, New Jersey, Bluevine made its Finovate debut at FinovateFall 2014. Since inception, the company has delivered more than $14 billion in loans and has more than $1 billion in managed customer deposits.
Photo by Ambre Estève on Unsplash
