Fundbox is an AI-powered financial platform for small businesses that offers fast and intuitive access to business credit.
Fundbox's mission is to unlock growth for small businesses by providing fast and easy access to financial tools and working capital solutions.
Fundbox was founded in 2013 by Yuval Ariav, Eyal Shinar, and Tomer Michaeli. The company is headquartered in San Francisco, California, with offices in Dallas, TX and Tel Aviv, Israel.
Fundbox works with SMBs that serve customers like restaurants, such as businesses supplying food or companies supplying cleaning and staffing services to these restaurants. The company's primary offering is a cash flow optimization tool that advances money against a company's outstanding invoices.
Fundbox integrates with other companies’ technology. The company recently launched Flex Pay, which is designed to provide small business owners with additional payment options and greater flexibility for business expenses.
Fundbox has “connected with” over 325,000 small businesses and transacted over $2.5 billion in working capital.
Fundbox is backed by General Catalyst, Khosla, Spark Capital Growth, Allianz X, The Private Shares Fund, HarbourVest, Arbor Waypoint Select Fund, BNY Mellon, and others. The company raised $100M in Series D round on Nov 30, 2021. This brings Fundbox's total funding to $553.5M to date. The latest round mints Fundbox a unicorn with a valuation of $1.1B post-money.