Fundbox

lendingsme financing

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 17/07/2020

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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:

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

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

BASICS

FOUNDING YEAR:

2013

LOCATION:

United States

Views:

272 VISITORS | 464 VIEWS
LATEST FUNDING ROUND

$87.5 M

TOTAL EMPLOYEES
51-200

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
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