BlueVine Names David Quinn as CFO

SMB financial services company BlueVine on Thursday (Sept. 16) announced it has hired David Quinn as its new chief financial officer.

Quinn has more than 25 years of experience in the banking and financial services industry, most recently as the commercial bank chief financial officer at Silicon Valley Bank, where he provided support for business leaders in technology, life science and fund banking units in the U.S. and Asia.

Quinn, who will report to BlueVine CEO and co-founder Eyal Lifshitz, is charged with helping the company to boost its strategic growth trajectory as part of his finance-related responsibilities, according to the company announcement.

“Ensuring BlueVine’s continued financial growth and success is critical to fulfilling our mission in supporting small businesses,” said Lifshitz in the BlueVine announcement.

“We are thrilled to welcome David to the BlueVine team. His deep financial acumen and experience in the banking industry will help scale our business and take us to the next level, while ensuring our customers are getting the best tailored experience possible,” he said.

Quinn also served as the executive vice president and consumer bank chief financial officer at Bank of the West, focusing on business development, investment decisions, product profitability and management reporting. He also worked in senior leadership at Citibank, Morgan Stanley, and Lehman Brothers in the U.K.

“I’ve seen firsthand the challenges that small businesses face,” said Quinn in the company announcement. “BlueVine’s mission of supporting small businesses deeply resonates with me, and I look forward to playing a key role in the company’s continued growth and success.”

Quinn’s appointment follows BlueVine’s hiring of former PayPal and Lending Club executive Steve Allocca as its first COO.

Related: BlueVine On How Holistic Spend Management Can Keep SMBs’ Cash Flow On The Move

BlueVine is especially focused on helping small businesses improve their spend management, given that only 27% of SMBs are approved by banks for working capital, Herman Man, chief product officer for BlueVine, told PYMNTS in a recent interview.

“(SMBs) need (spend management) tools because they need full visibility into how they are doing,” he said. “At the end of the day, small businesses in many cases are not financial professionals … so it is really important for a banking partner (such as) BlueVine to help them understand their financial position and provide them the tools (they need to) manage their financials effectively through(out) their life cycle.”