Overview

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Total Equity Funding
$107.5M in 3 Rounds from 17 Investors
Most Recent Funding
$50M Series C on September 10, 2015
Headquarters:
San Francisco, California
Description:
Leverages deep data analytics to accelerate cash flow and clear invoices for small businesses
Founders:
, ,
Categories:
Business Intelligence, Enterprise Software, FinTech, Payments
Website:
http://fundbox.com
Social:

Company Details

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Founded:
February, 2012
Contact:
| (855) 572-7707
Employees:
51 - 100 | 9 in Crunchbase

Fundbox, a tech company, helps small business owners overcome occasional short-term cash flow gaps by advancing payments for their outstanding invoices. Its primary tool plugs into a company’s existing accounting software and assesses each invoice before utilizing a proprietary algorithm to build a risk profile of each transaction, the business in question, and its market. If accepted, Fundbox underwrites the invoice in 50 seconds and deposits its value in a company’s bank account the next business day with a payback period of 12 weeks. Launched in January 2013, the users’ weekly payments are calculated by adding 1/12 of the invoice value plus a small fee of approximately 0.5% of the same.

Funding Rounds (3) - $107.5M

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DateAmount / RoundValuationLead InvestorInvestors
Sep, 2015$50M / Series C10
Mar, 2015$40M / Series B7
Apr, 2014$17.5M / Series A6

Current Team (9)

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Offices/Locations (2)

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  • Headquarters

    300 Montgomery St

    San Francisco, California 94104

    United States

  • Office

    Yehuda ha-Levi Street 23

    Tel Aviv, Tel Aviv

    Israel

Past Team (2)

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Images (1)

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