Case Study: BlueVine achieves $4.5B in PPP loans and funds 155,000+ small businesses with Ocrolus

Innovative Financial Platform Key to Making Massive Impact with PPP Funding

BlueVine, a fintech lender serving small- and medium-sized businesses, faced the urgent challenge of rapidly delivering Payroll Protection Program (PPP) loans during the COVID-19 crisis while preventing fraud and meeting changing SBA rules. To scale document intake and verification, BlueVine partnered with Ocrolus for document classification and data-extraction services to digitize bank statements, tax and payroll forms, and other required paperwork.

Ocrolus’s data-extraction and document-processing capabilities were integrated into BlueVine’s automated scorecard and risk stack, enabling thousands of applications per day and some loan decisions in minutes. With Ocrolus’s support, BlueVine funded 155,000+ small businesses, delivered $4.5B in PPP loans, and helped save roughly 470,000 jobs, while maintaining robust fraud controls and rapid turnaround.

BlueVine

Herman Man

Chief Product Officer