Fundbox
Credit lines for small business based on your revenue streams
- 101-200 employees
- Fintech
- B2B
- Fundraising
- Plano, TX
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Company mission
To unlock the potential of small businesses by giving them financial agility and peace of mind.
36% employee growth in 12 months
Our take
Having a reliable cash flow is essential for any business. Compared to transfers between individuals, B2B payments have been relatively slow to digitize, with payments delayed for around two months on average for small and medium sizes businesses.
Fundbox has created a platform that speeds up how money is exchanged between businesses. Currently, there is over $3T in the U.S. stuck in accounts receivable, meaning cash that is owed between small business buyers and sellers.
As it moves forward, payments are its focus. The payments industry has seen revenue steadily growing, reaching almost $2T globally in 2018. New entrants are tapping into more areas of the space, although Fundbox is competing with companies like Stripe and Kabbage, it believes there is a big enough opportunity in the business-to-business market for several companies to thrive.
The company's long term goal is to be the Visa of B2B payment and credit, offering short-term small-business loans and B2B sellers can get paid at the time of sale via Fundbox Pay. At present, over 500,000 SMBs use FundBox, and it partnered with SMB financial health platform Nav in 2024, using the latter's financial health analysis to create more certainty for SMBs in loan underwriting.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- $500 Personal and professional development budget
Company values
- Culture: We work hard to cultivate a respectful, diverse, and inclusive environment. We make empowering each other an everyday priority
- Collaboration: We value a team-think approach, knowing we do our best work when we pool our strengths and solve problems together
- Inclusivity: We want you to be, well, you. We believe in fostering an environment of acceptance, where everyone can bring their authentic selves to work
Funding (last 2 of 6 rounds)
Nov 2021
$100m
SERIES D
May 2020
$20m
SERIES C
$403.5m
Total funding
This company has top investors
Leadership
Prashant F.
(CEO)Initially joined Fundbox as COO in 2016, before becoming CEO in 2020. They are also a Lecturer at Stanford Graduate School of Business, Johnson Graduated School of Management at Cornell University, and the University of California, Berkeley, Haas School of Business.
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