Fundbox
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About
Fundbox offers business owners a simple way to fix their cash flow by advancing payments for their outstanding invoices. Fundbox advance thousands of invoices weekly, offering small business owners the ability to optimize their cash flow by advancing payments for unpaid invoices.
Focus
PRODUCTS & SERVICES
Lending platform - short term loans for businesses
REVENUE MODEL
Company generates revenue by charging advance & transaction fee from customers. Repayment can be over 12 or 24 weeks. The APR is between 16.4% to 76.5%
MAIN CLIENTS
JunkFX
BWD Inc.
The Sleeter Group
Intuit apps
Citybizlist
digitalninja
EXISTING PARTNERSHIPS
Clio
Xero
Wave
Invoiceasap
Harvest
Freshbooks
Intuit Quickbooks
COMMENT
Fundbox does not rely on traditional credit scores but instead creates a risk profile of the company by plugging and logging into its accounting software.
Traction
VALUATION / MARKET CAP:
$625 M in 2015
REVENUE
0.0 in 2014
NUMBER OF TRANSACTIONS:
22 M
ACTIVE USERS COMMENT:
Small Business
TRACTION COMMENT:
Check out for BlueVine. This is the main competitor in the USA.
People
FOUNDERS
Eyal Shinar
Yuval Ariav
BOARD MEMBERS AND ADVISORS
Yuval Ariav
Micah Avni
Ron Bekkerman
Shlomo Kramer
David Krell
Eyal Shinar
David Weiden
Hemant Taneja
NUMBER OF EMPLOYEES
51-200
INVESTORS:
KEY EMPLOYEES:
Oren Katz (VP of Research & Development)
Momentum
FUNDED
YES
TOTAL FUNDING
$87.5 M
DATE OF LAST FUNDING
May 2020
FUNDING SERIES
SERIES A · $17.5 M · Apr 2014
SERIES B · $50 M · Sep 2015
SERIES C · $20 M · May 2020
DEBT FUNDING
$150 M
LISTED
NO
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FOUNDING YEAR:
LOCATION:
Views:
$87.5 M
About
Fundbox offers business owners a simple way to fix their cash flow by advancing payments for their outstanding invoices. Fundbox advance thousands of invoices weekly, offering small business owners the ability to optimize their cash flow by advancing payments for unpaid invoices.
Fundbox
About
Momentum
FUNDED
NO
LISTED
NO
Other