Fundbox

Fundbox

Fundbox is a financial technology company that provides credit and payments automation for small businesses. Their products include lines of credit, invoices, and payments options to help small businesses with cash flow.
Fundbox image
fintech small-business-financing credit payments invoices

Fundbox: Financial Automation for Small Businesses

Fundbox provides credit and payment automation solutions for small businesses, offering lines of credit, invoices, and payments options to manage cash flow.

What is Fundbox?

Fundbox is a financial technology company based in San Francisco, California that focuses on improving cash flow for small businesses.

Fundbox's main products are short-term lines of credit, invoice factoring, and automated billing and payments tools. They utilize technology like machine learning algorithms and integration with major accounting platforms to automate and expedite these financial services to provide businesses with faster access to funds.

Their flagship product is Fundbox Pay, which they bill as 'the first B2B payments network designed specifically for small businesses'. It simplifies and accelerates invoice payments between businesses through features like one-click virtual credit cards and flexible repayment schedules.

In 2019, Fundbox raised over $176 million in a Series C funding round led by Allianz X and has expanded its credit offerings to over $150 million. The company partners with organizations like JP Morgan Chase and American Express and has over 125,000 customers.

Fundbox Features

Features

  1. Lines of credit
  2. Invoice financing
  3. Payments automation
  4. Integrations with accounting software
  5. Online dashboard

Pricing

  • Subscription-Based

Pros

Quick access to capital

Low rates compared to merchant cash advances

Pay-as-you-go flexibility

Can improve cash flow

Cons

High origination fees

Strict eligibility requirements

Repayment can be expensive if not managed properly


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