Fundbox
| Company type | Private |
|---|---|
| Industry | Financial technology |
| Founded | 2013 |
| Founder | Yuval Ariav, Eyal Shinar, Tomer Michaeli |
| Headquarters | San Francisco , United States |
Key people | Marten Abrahamsen (CFO) |
| Products | Working capital platform, revolving credit line, short-term financing, Flex Pay |
Fundbox is a working capital platform headquartered in San Francisco that delivers credit and payment solutions tailored for small enterprises. Established in 2013, the firm utilizes advanced technology to enhance cash flow management for small businesses.
History
The creation of Fundbox was motivated by co-founder Eyal Shinar’s experience with his mother, who struggled with delayed payments while managing an employment agency in Israel. The company was founded in 2013 by Yuval Ariav, Eyal Shinar, and Tomer Michaeli and spent its first year operating in stealth mode before its public debut in 2014. Soon after launching, Fundbox raised $17.5 million in a funding round led by Khosla Ventures.
In 2020, the company appointed Marten Abrahamsen, a former investment banker, as chief financial officer, highlighting a strategic emphasis on financial expansion and potential initial public offering ambitions.
By November 2021, Fundbox had accumulated $410 million in total funding, including a $100 million investment led by the Healthcare of Ontario Pension Plan, which propelled its valuation to $1.1 billion.
Services
Fundbox specializes in providing working capital options for small businesses, chiefly through a revolving credit line aimed at improving cash flow management. The platform offers short-term financing up to $100,000 via partnerships with banking institutions. Additional offerings include subscription-based plans and Flex Pay, which allows businesses to select flexible payment arrangements for their expenses. Fundbox’s services are accessible through an online interface that integrates seamlessly with accounting and payroll software such as QuickBooks, FreshBooks, Xero, and Indeed, making it highly attractive to small business users.