See other companies on Welcome to the Jungle
Fundbox
Credit lines for small business based on your revenue streams
- 101-200 employees
- Fintech
- B2B
- Fundraising
- Financial District, San Francisco, CA
Jump to section
Company mission
Fundbox's mission is to unlock the potential of small businesses by giving them financial agility and peace of mind.
Few candidates hear
back within 2 weeks
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 $3 trillion in the U.S. stuck in accounts receivable, meaning cash that is owed between small business buyers and sellers.
As they move forward, payments are their focus. The payments industry has seen revenue steadily growing, reaching almost $2 trillion globally in 2018. New entrants are tapping into more areas of the space, although Fundbox is competing with companies like Stripe and Kabbage, they believe there is a big enough opportunity in the business-to-business market for several companies to thrive.
The companies 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 latters financial health analysis to create more certainty for SMBs in loan underwriting.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Equity
- Stipend to improve your home office setup
- Fully-stocked kitchen, free drinks and snacks, and gourmet lunches delivered daily
- 401k
- Fundbox Fit fitness reimbursement plan
- Commuter benefits
- Work from home opportunities
- Health insurance
- Life insurance and disability benefits
Funding (last 2 of 6 rounds)
Nov 2021
$100m
SERIES D
May 2020
$20m
SERIES C
Total funding: $403.5m
This company has top investors
Leadership
Yuval Ariav
(Advisor)Was Director of Product at Onavo, which was acquired by Facebook in 2012. Became a General Partner at Israel-based equity firm LionBird. Was Fundbox's first CTO, and is now an advisor. Teaches Data Driven Dollars, a course at Columbia Business School, and is a TechStars mentor. Sits on the boards of five tech companies.