Fundbox

lendingsme financing

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 19/01/2021

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About

Fundbox is a leading technology platform focused on disrupting the $21 trillion B2B commerce market by building the worlds first B2B payment and credit network. With Fundbox, sellers (of all sizes) can quickly increase average order volumes (AOV) and improve close rates by offering more competitive net terms and payment plans to their SMB buyers. With heavy investments in machine learning and the ability to quickly analyze the transactional data of SMBs, Fundbox is reimagining B2B payments and credit products in new category-defining ways. Fundbox is located in San Francisco, CA, Dallas TX and Tel Aviv, Israel.

MEDICI Analysis

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

COMPANY TYPE:

For Profit

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

Hemant Taneja

David Krell

Yuval Ariav

Micah Avni

Ron Bekkerman

Shlomo Kramer

Eyal Shinar

David Weiden

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Allianz

Bezos Expeditions

Blumberg Capital

Emil Michael

Entree Capital

FJ Labs

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

CreditEase Fintech Investment Fund

General Catalyst

Nyca Partners

Omidyar Technology Ventures

9Yards Capital

Cathay Innovation

Hamilton Lane

MUFG Innovation Partners

Synchrony Financial

KEY EMPLOYEES:

Oren Katz (VP of Research & Development)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

6

TOTAL FUNDING

$87.5 M

DATE OF LAST FUNDING

May 2020

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$100M to $500M

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

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

145,899

AVERAGE VISITS (6 MONTHS)

139,420.26

MONTHLY VISITS GROWTH

0.5%

VISIT DURATION

195

VISIT DURATION GROWTH

-0.87%

PAGE VIEWS VISIT

3.39

PAGE VIEWS VISIT GROWTH

4.62%

BOUNCE RATE

57.08%

BOUNCE RATE GROWTH

-2.05%

GLOBAL TRAFFIC RANK

212,193

MONTHLY RANK CHANGE

-41,007

MONTHLY RANK GROWTH

-16.2%

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