Fundbox

Fundbox

Fundbox is a company offering business lines of credit founded in 2012 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

May 28, 2020

Fundbox raises $20M in extended Series C Funding round.

May 26, 2020

Fundbox confirms that it received a fresh equity investment from MUFG Innovation Partners Co., Ltd., the corporate VC division of Mitsubishi UFJ Financial Group, which is the biggest financial group in Japan.

September 2019

Fundbox raises $326 million in funding to enhance its B2B payments and credit Network.

September 2019

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

Funding rounds

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Products

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People

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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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Companies

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News

Title
Author
Date
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Samantha Hurst
June 22, 2020
Crowdfund Insider
Click HERE to find out ⭐ Fundbox Partners With LoanPro Software to Accelerate Flexible Credit Management Capabilities Development. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
FinSMEs
May 28, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Omar Faridi
May 27, 2020
Crowdfund Insider
San Francisco based Fintech Fundbox, a B2B payment and credit network provider, receives investment from Japan's MUFG.
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

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