Which funding solution is better for your brand: Pipe or Bluevine?

Pipe and Bluevine both offer tools for eCommerce sellers to solve cash flow problems. But which tool is best for your business? We break it down below.

post by:
Donna Cohen

Company comparison

3.9
 

Pipe

Fast, Flexible Financing For Companies With Recurring Revenue

KEY FACTS

  • Up to $10 million in capital funding with approval
  • Approval in 24 hours
  • “Trade” (or temporary sell) your recurring revenue streams (subscriptions) up to 98% of their worth for capital
  • When you pay back the “trade” you own the subscriptions again
  • Minimum requirements of $100k+ annual revenue 
  • No personal guarantee
  • No dilution – you remain in control of how you spend the money
VS
3.7
 

Bluevine

Streamlined Checking, Lending, And Bill Pay For All Your Business Needs

KEY FACTS

  • Line of credit up to $250K, Rates starting at 4.8%
  • Minimum requirements for LOC: 6+ months in business with $10k+ monthly revenue, FICO score 625+
  • Invoice Financing (sell your invoices for capital), Fees as low a 3%
  • Invoice Financing repayment: repay your loan when the client pays the outstanding invoice
  • Minimum requirements for IF: $100k+ annual revenue, 3+ months in business, credit score of 530+

KEY FACTS

  • Up to $10 million in capital funding with approval
  • Approval in 24 hours
  • “Trade” (or temporary sell) your recurring revenue streams (subscriptions) up to 98% of their worth for capital
  • When you pay back the “trade” you own the subscriptions again
  • Minimum requirements of $100k+ annual revenue 
  • No personal guarantee
  • No dilution – you remain in control of how you spend the money
  • Line of credit up to $250K, Rates starting at 4.8%
  • Minimum requirements for LOC: 6+ months in business with $10k+ monthly revenue, FICO score 625+
  • Invoice Financing (sell your invoices for capital), Fees as low a 3%
  • Invoice Financing repayment: repay your loan when the client pays the outstanding invoice
  • Minimum requirements for IF: $100k+ annual revenue, 3+ months in business, credit score of 530+

Final Verdict

Bluevine offers two types of funding: line of credit and invoice financing. Pipe only offers one type of financing: recurring revenue trading. Trading means you temporarily sell your recurring streams of revenue (i.e. subscriptions) for up to 98% what they are worth and when you pay back the lender you get your subscriptions back. This means you’re paying as low as 1% of the value of the revenue. Bluevine’s fees start at 3% and 4.8% for their invoice financing and LOC, respectively. 

Both are good sources of cash flow, but Pipe wins out with lower fees and more room for growth with up to $10 million in funding after approval.