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What does Fundbox do?
Fundbox, is a cash flow optimization tool for small businesses. It leverages deep data analytics for accelerating cash flow and clear invoices for small businesses. This company is a small business solution designed for small businesses. It was built by a group of financial professionals and tech innovators with the aim of helping small businesses grow, become independent and gain their full potential.
How much Fundbox was funded?
Fundbox raised $50M in Venture round on September 10, 2015 from Spark Capital (Lead), Blumberg Capital, Bezos Expeditions, General Catalyst Partners, Entree Capital, Khosla Ventures, Sound Ventures and Shlomo Kramer
Previous funding
$17.5M in Series A on April 10, 2014 from Khosla Ventures(Lead) Partner: David Weiden, Jay Mandelbaum, Emil Michael, LionBird Partner: Eyal Shinar, Tom Glocer, SV Angel and Vikram Pandit
$40M in Series B funding on March 19, 2015 from General Catalyst Partners(Lead) Partner: Hemant Taneja, Khosla Ventures Partner: David Weiden, Blumberg Capital, LionBird Partner: Eyal Shinar, Philippe Suchet, NyCa Investment Partners and Shlomo Kramer
What is next for Fundbox?
Fundbox recently launched its 2nd product Credit-as-a-Service, which allows 3rd party to embed Fundbox functionality directly into the workflow of the application. The company plans to use the latest funding raised for accelerating its rapid growth, while continuing its investments in developing products and innovation.
More about Fundbox
Fundbox was founded in 2012 by Eyal Shinar, Yuval Ariav and Tomer Michaeli. It has its headquarters in San Francisco, California. This company with its advanced underwriting platform and machine learning capabilities is placing the small business owners in control of their cash flow through simple, single click financing of outstanding invoices. The company is solving one of the main problems which the small businesses face in the country, managing the cash flow. The company’s innovative solution, using large scale data for improving credit decisions, is bringing a great value to their customers.
