Fundbox

Lending | SME Financing

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159 VISITORS | 319 VIEWS

FOUNDING YEAR: 2012

LOCATION:

United States

REGION:

California

Last Update:
9 Sep, 2019

Description

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:

Viewable by subscribers only

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.

PEOPLE

FOUNDERS:

Eyal Shinar, Tomer Michaeli, 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:

Bezos Expeditions, Blumberg Capital, Emil Michael, Entree Capital, General Catalyst Partners, Jay Mandelbaum, Khosla Ventures, LionBird, NyCa Investment Partners, Philippe Suchet, Shlomo Kramer, Sound Ventures, Spark Capital, SV Angel, Tom Glocer, Vikram Pandit

KEY EMPLOYEES:

Oren Katz (VP of Research & Development)

TRACTION

VALUATION / MARKET CAP:

$625 MM in 2015

REVENUE:

NUMBER OF TRANSACTIONS:

22 MM

ACTIVE USERS COMMENT:

Small Business

COMMENT:

Check out for BlueVine. This is the main competitor in the USA.

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$107.5 Millions

FUNDING SERIES:

SERIES A

$17.5 Millions Closed:

SERIES B

$40 Millions Closed:

SERIES C

$50 Millions Closed:

LISTED:

LATEST RESEARCH

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