Fundbox
{{Infobox company
| name = Fundbox
| logo_size = 200px
| logo_alt = Fundbox logo
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| founded = {{start date|2013|08}} in Israel
| founders = Eyal Shinar, Tomer Michaeli, Yuval Ariav
| hq_location = San Francisco, California
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| key_people = {{Unbulleted list
| Prashant Fuloria (CEO){{cite web |title=Founder Of Fundbox Steps Aside As CEO |url=https://www.pymnts.com/personnel/2020/fundbox-founder-steps-aside-as-ceo/ |website=www.pymnts.com |access-date=22 April 2021 |date=2 July 2020}}}}
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| website = {{URL|fundbox.com}}
}}
Fundbox is a working capital platform based in San Francisco that offers credit and payments as a service to small businesses. Founded in 2013, the company innovates technology to help optimize cash flow 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.{{cite web |url=https://www.wired.com/2015/03/fundbox/ |title=Startup Raises $40M to Keep Small Businesses' Cash Flowing |last1=Lapowsky |first1=Issie |date=March 19, 2015 |website=Wired|access-date=May 18, 2015}} Founded by Yuval Ariav, Eyal Shinar, and Tomer Michaeli in 2013,{{cite web|url=https://www.forbes.com/sites/hollieslade/2014/04/10/fundbox-raises-17-5m-series-a-to-bridge-gap-between-invoices-for-b2b/|title=Fundbox Raises $17.5M Series A To Bridge Gap Between Invoices For B2B|last=Slade|first=Hollie|work=Forbes|date=April 10, 2014|access-date=July 25, 2021}} it operated for a year in stealth mode before becoming available to the public in 2014.{{cite web |url=https://techcrunch.com/2015/03/19/fundbox-raises-40-million-to-pay-invoices-on-demand/ |title= Fundbox Raises $40 Million To Pay Invoices On Demand|last1=Magee |first1=Christine |date=March 19, 2015 |website=TechCrunch |access-date=July 25, 2021}} After launch, it announced it had received $17.5 million in funding from investors led by Khosla Ventures.{{cite web |url=https://techcrunch.com/2014/04/10/lending-startup-fundbox-raises-17-5m-from-khosla-to-help-smbs-improve-cash-flow/ |title=Lending Startup Fundbox Raises $17.5M From Khosla To Help SMBs Improve Cash Flow |last1=Rao |first1=Leena |date=April 10, 2014 |website=TechCrunch |access-date=May 18, 2015}}{{cite web |url=https://venturebeat.com/2014/04/10/fundbox-gets-17-5m-to-give-small-businesses-money-when-they-need-it/ |title=Fundbox gets $17.5M to give small businesses money when they need it |last1=Novet |first1=Jordan |date=April 10, 2014 |website=VentureBeat |access-date=May 18, 2015}} In 2020, Fundbox hired Marten Abrahamsen, a former investment banker, as the company's chief financial officer.{{Cite news |last=Trentmann |first=Nina |date=2020-01-14 |title=Fundbox Hires First CFO as Fintech Startup Eyes Future IPO |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/fundbox-hires-first-cfo-as-fintech-startup-eyes-future-ipo-11579014002 |access-date=2023-12-13 |issn=0099-9660}}
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.{{cite web |last1=Azevedo |first1=Mary Ann |title=Fundbox, a fintech focused on SMBs, raises $100M at a $1.1B valuation |url=https://techcrunch.com/2021/11/30/fundbox-raises-100m/ |website=TechCrunch}}
Services
Fundbox offers working capital products to small businesses. Its primary offering is a revolving line of credit to manage cash flow.{{cite web |url= https://www.nytimes.com/2015/04/09/business/smallbusiness/online-lenders-offer-a-faster-lifeline-for-small-businesses.html?_r=1|title= Online Lenders Offer a Faster Lifeline for Small Businesses|last1=Cowley |first1=Stacy |date= |newspaper=The New York Times |access-date=May 18, 2015}} Fundbox uses a banking partner to give short-term funds up to $100,000. 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{{cite news |last1=Ben-David |first1=Ricky |title=Israeli-founded firm Fundbox becomes unicorn with fresh $100m investment |url=https://www.timesofisrael.com/israeli-founded-firm-fundbox-becomes-unicorn-with-fresh-100m-investment/ |publisher=The Times of Israel |date=1 December 2021}} that integrates with QuickBooks, FreshBooks, Xero and Indeed.{{cite web|url=https://www.calcalistech.com/ctech/articles/0,7340,L-3910018,00.html|title=Fundbox and Indeed partner to extend growth resources to small businesses|website=calcalistech.com|date=June 15, 2021|access-date=July 25, 2021}}