Fundbox is a
working capital platform based in
San Francisco
San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...
that offers credit and payment solutions to small businesses. Founded in 2013, the company innovates technology to help optimize
cash flow
A cash flow is a real or virtual movement of money:
*a cash flow in its narrow sense is a payment (in a currency), especially from one central bank account to another; the term 'cash flow' is mostly used to describe payments that are expected ...
for
small businesses.
History
The concept for Fundbox was partially inspired by co-founder Eyal Shinar's mother, who struggled with late payments at the
employment agency she owned and operated in
Israel
Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...
.
Founded by Yuval Ariav, Eyal Shinar, and Tomer Michaeli in 2013,
it operated for a year in stealth mode before becoming available to the public in 2014.
After launch, it announced it had received $17.5 million in funding from investors led by
Khosla Ventures
Khosla Ventures is an American venture capital firm founded by Vinod Khosla, focused on early-stage companies in the Internet, computing, mobile, financial services, agriculture, healthcare and clean technology sectors. Some of its most succe ...
.
As of November 2021, the company has received a total of $410 million in funding and a valuation of $1.1 billion, including $100 million in funding led by Healthcare of Ontario Pension Plan.
Services
Fundbox offers
working capital products to small businesses.
Its primary offering is a revolving line of credit to manage
cash flow
A cash flow is a real or virtual movement of money:
*a cash flow in its narrow sense is a payment (in a currency), especially from one central bank account to another; the term 'cash flow' is mostly used to describe payments that are expected ...
.
It also offers membership-based offerings and payments which include Flex Pay, which provides additional payment options for business expenses.
Its services are offered online and through a tech platform
that integrates with
QuickBooks,
FreshBooks,
Xero
Xero may refer to:
*Xero (band), an Australian punk band
*Xero (company), a New Zealand financial software company
* ''Xero'' (film), an experimental 2010 German film
*Xero (Linkin Park), an early name for the band Linkin Park, as well as a demo ...
and
Indeed.
References
{{reflist
External links
Fundbox.com
2013 establishments in California
Financial services companies based in California
Technology companies based in the San Francisco Bay Area