Bluevine opens U.S. business accounts to India-based company owners

Bluevine has launched U.S. business banking services for eligible India-resident owners of U.S.-registered companies, the financial technology company said. The product is aimed at founders and operators in India that need U.S. banking rails for payments, receivables and operating cash while building for the American market.

The company said applicants can open and manage a U.S. business checking account through an online process, rather than visiting a branch in person. Bluevine said most customers are onboarded in 24 hours or less, subject to eligibility checks and account-opening procedures.

The offering applies only to eligible owners of U.S.-registered businesses, according to Bluevine. The company said it does not provide banking services in India, and the product is not available to sole proprietorships or non-profits.

Bluevine said the launch reflects demand from India-based companies operating across the India-U.S. commercial corridor. The company cited India as the world’s third-largest startup ecosystem and said many startups and small and midsize businesses there build for U.S. customers from an early stage.

Aditya Narula, Bluevine’s general manager for India and general manager of global lending and credit, said the service is intended to reduce banking-related delays for Indian founders as they serve customers, hire staff, launch products and expand internationally.

How the account works

Bluevine is a fintech, not a bank. Banking services are provided by Coastal Community Bank, Member FDIC, according to the company. Bluevine said accounts are eligible for Federal Deposit Insurance Corp. coverage of up to $3 million per depositor through Coastal Community Bank and program banks, subject to applicable pass-through insurance conditions. FDIC insurance applies to the failure of an FDIC-insured bank.

The account includes standard ACH transfers, bill payment tools, cross-border payment capabilities, virtual cards, sub-accounts and integrations with partners including Stripe and Wise, according to Bluevine. The company said customers can also manage multiple entities from one account and can receive support during Indian business hours from its Bengaluru operation.

Bluevine said its Business Checking accounts can earn up to 3% annual percentage yield. The company said Premier and Plus customers automatically earn APY on available balances, while Standard plan customers must satisfy an eligibility requirement set out in the account terms. Bluevine said its Standard plan has no monthly fee and no minimum balance requirement. The company said Bluevine Plus carries a $30 monthly fee and Bluevine Premier carries a $95 monthly fee.

India operation and company scale

Bluevine opened its Bengaluru office in 2021. The company said the site has become its largest office globally, with more than 200 employees across engineering, product, operations, customer support and go-to-market roles.

The company said it is seeing early use of the new service among India-based founders, operators and established businesses in technology and IT services, software-as-a-service, artificial intelligence and e-commerce.

Bluevine said that since its founding in 2013 it has served more than 1 million customers, delivered more than $17 billion in loans and holds more than $2 billion in deposits. The customer and lending figures include Paycheck Protection Program activity, according to the company.

Bluevine said its backers include Lightspeed Venture Partners, Menlo Ventures, 83North, Citi Ventures, ION Crossover Partners and Nationwide Insurance. The company describes itself as the largest U.S. digital banking platform for small businesses based on publicly available lifetime customer-account data among U.S. small-business banking platforms that offer both checking and lending services, as of January 2026.

This story draws on original reporting from Finextra Research.