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What does Fundbox do?
Fundbox, is a small business solution which is designed by a small business. The startup leverages deep data analytics to increase the cash flow and clear invoices foe small businesses. Fundbox was built by a group of technological innovators and financial professionals with the aim of helping the businesses grow, to help them become independent and achieve complete potential.
This San Francisco based company loans businesses money for outstanding invoice payments. It fixes small business economy by offering business owners a good approach to managing their cash flow, powered by science.
How much Fundbox was funded?
Fundbox has raised $40M in Series F funding on March19th, 2015 by the investors General Catalyst Partners, NyCa Investment Partners, LionBird / $250k, Khosla Ventures, Blumberg Capital and Shlomo Kramer
Previous funding
$17.5M in Series A on Apr 10, 2014 by Khosla Ventures, Tom Glocer, Vikram Pandit, Emil Michael, Jay Mandelbaum and SV Angel
What is next for Fundbox?
The startup which loan businesses money for outstanding invoice payments has raise $40 M in the latest round of funding to enhance its business in the trillion dollar alternative lending market.
Fundbox provides short term loans so that businesses can keep up with their expenses while they are waiting for the invoices to be paid.
More about Fundbox
Fundbox was founded in 2012 by Eyal Shinar, Yuval Ariav and Tomer Michaeli. It has its headquarters in San Francisco. Its mission is to provide businesses the peace of mind they need to focus on the the work, instead of worrying about the gaps in the cash flow.
It is completely free and takes just 20 seconds to complete. Businesses have to just enter their email, password and select a bookkeeping app and that is all. The outstanding invoices are automatically available for the business to clear in the secured Fundbox account. The outstanding invoices can be clicked upon and the amount will be transferred to the bank account immediately.
