Founded | August 2013Israel [1] | in
---|---|
Founders | Eyal Shinar, Tomer Michaeli, Yuval Ariav |
Headquarters | San Francisco, California |
Key people | |
Website |
fundbox |
Fundbox is a working capital platform based in San Francisco that offers credit and payments as a service to small businesses. Founded in 2013, the company innovates technology to help optimize cash flow for small businesses.
The concept for Fundbox was partially inspired by co-founder Eyal Shinar's mother, who struggled with late payments at the employment agency she owned and operated in Israel. [5] Founded by Yuval Ariav, Eyal Shinar, and Tomer Michaeli in 2013, [6] it operated for a year in stealth mode before becoming available to the public in 2014. [7] After launch, it announced it had received $17.5 million in funding from investors led by Khosla Ventures. [8] [9] In 2020, Fundbox hired Marten Abrahamsen, a former investment banker, as the company's chief financial officer. [10]
As of November 2021, the company has received a total of $410 million in funding and a valuation of $1.1 billion, including $100 million in funding led by Healthcare of Ontario Pension Plan. [11]
Fundbox offers working capital products to small businesses. [11] Its primary offering is a revolving line of credit to manage cash flow. [12] [7] [6] Fundbox uses a banking partner to give short-term funds up to $100,000. [10] It also offers membership-based offerings and payments which include Flex Pay, which provides additional payment options for business expenses. [11] Its services are offered online and through a tech platform [1] that integrates with QuickBooks, FreshBooks, Xero and Indeed. [13]
Founded | August 2013Israel [1] | in
---|---|
Founders | Eyal Shinar, Tomer Michaeli, Yuval Ariav |
Headquarters | San Francisco, California |
Key people | |
Website |
fundbox |
Fundbox is a working capital platform based in San Francisco that offers credit and payments as a service to small businesses. Founded in 2013, the company innovates technology to help optimize cash flow for small businesses.
The concept for Fundbox was partially inspired by co-founder Eyal Shinar's mother, who struggled with late payments at the employment agency she owned and operated in Israel. [5] Founded by Yuval Ariav, Eyal Shinar, and Tomer Michaeli in 2013, [6] it operated for a year in stealth mode before becoming available to the public in 2014. [7] After launch, it announced it had received $17.5 million in funding from investors led by Khosla Ventures. [8] [9] In 2020, Fundbox hired Marten Abrahamsen, a former investment banker, as the company's chief financial officer. [10]
As of November 2021, the company has received a total of $410 million in funding and a valuation of $1.1 billion, including $100 million in funding led by Healthcare of Ontario Pension Plan. [11]
Fundbox offers working capital products to small businesses. [11] Its primary offering is a revolving line of credit to manage cash flow. [12] [7] [6] Fundbox uses a banking partner to give short-term funds up to $100,000. [10] It also offers membership-based offerings and payments which include Flex Pay, which provides additional payment options for business expenses. [11] Its services are offered online and through a tech platform [1] that integrates with QuickBooks, FreshBooks, Xero and Indeed. [13]