Fundbox is a fintech company that uses big data analytics, engineering, and predictive modeling to help optimize cash flow for small businesses and freelancers with outstanding invoices.
Fundbox is a leading technology platform focused on disrupting the $21 trillion B2B commerce market by building the world’s first B2B payment and credit network.
Fundbox was founded in 2013 by Yuval Ariav, Eyal Shinar, and Tomer Michaeli. The company is headquartered in San Francisco, California, with additional offices in Dallas TX and Tel Aviv, Israel. Fundbox was officially launched in April 2013.
Fundbox's goal is to help these businesses achieve significant success going forward. The company is working towards revolutionizing the B2B economy by transforming how funding flows.
Fundbox's primary offering is a cash flow optimization tool that advances money against a company's outstanding invoices. The advances are intended for use by small businesses in the business-to-business space seeking to optimize cash flow and continue to successfully run their businesses while waiting for accounts receivable invoices to be paid. This enhancement in cash flow is intended to help companies maintain consistent operations and streamline capital for expenses like new equipment or payroll.
Fundbox is reimagining B2B payments and credit products in new category-defining ways, by utilizing heavy investments in machine learning and the ability to quickly analyze the transactional data of SMB’s.
Fundbox currently supplies a credit line to approximately 200,000 small and medium-sized businesses in the U.S., according to company statements.
Fundbox is backed by leading investors including Khosla, General Catalyst, Spark Capital Growth, Allianz X, & HarbourVest among others. The compay raised an addition $20M to its Series C round on May 26, 2020, to make the round total to $196M. This latest financing brings Fundbox's total funding to over $453.5M to date.
Fundbox has received numerous accolades for innovation including the prestigious Forbes A.I. 50, Red Herring North American 100, Forbes Fintech 50, CB Insights Fintech 250, Benzinga 2019 Fintech Listmakers, Forbes Billion Dollar Startup To Watch among others.