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Fundbox

Fundbox

Fundbox is a company offering business lines of credit founded by Eyal Shinar, Tomer Michaeli and Yuval Ariav.

Fundbox is a company that provides a web and mobile-based platform for small-medium enterprises (SMEs) to manage their cash flow. Fundbox was founded in 2012 by Eyal Shinar, Tomer Michaeli, and Yuval Ariav. Fundbox aims to simplify how SMEs receive payment and acquire funding to operate. Fundbox is based in San Francisco, California.

Service

Fundbox has three services. The first is an invoicing solution for B2B SMEs that provide net payment terms for the SMEs’ customers to increase payment processing speed. The second is a line of credit offering for SMEs to grow their businesses. The last service provides an extended payment term for SMEs’ supplies and inventory purchases.

Funding

Fundbox has received total funding of $107.5 million from four funding rounds since 2014. Fundbox’s most recent round was a Series C held in 2015, raising $50 million in capital. Eighteen investors have financed Fundbox, with three among them as lead investors. These past investors include Sound Ventures, Khosla Ventures, FJ Labs, Spark Capital, and Entrée Capital.

Timeline

September 2019

Fundbox raises a $176,000,000 series C round from Healthcare of Ontario Pension Plan, HarbourVest Partners, SEB Private Equity, Cathay Innovation, Recruit Strategic Partners, GMO Internet Group, Spark Capital, MUFG Innovation Partners, Allianz, General Catalyst, Hamilton Lane, Synchrony Financial, 9Yards Capital, Khosla Ventures, Arbor Ventures and Allianz X.

People

Name
Role
LinkedIn

Eyal Shinar

CEO/Founder

Oren Katz

VP of Research & Development

Sebastian Rymarz

VP of Finance & Strategy

Tomer Michaeli

Co-Founder

Yotam Troim

VP of of New Products & Innovation

Prashant Fuloria

Chief Product Officer

Further reading

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Documentaries, videos and podcasts

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Companies

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CEO
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News

Title
Author
Date
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Description
Shannen Balogh
September 24, 2019
Business Insider
Business Insider met with Fundbox CEO Eyal Shinar to discuss the fintech's latest round of funding and its ambitions to be the Visa of B2B.

References