Predict your next investment

Fundbox company logo
Corporation
INTERNET | Internet Software & Services / Accounting & Finance
fundbox.com

See what CB Insights has to offer

Founded Year

2013

Stage

Series D | Alive

Total Raised

$553.5M

Valuation

$0000 

Last Raised

$100M | 3 days ago

About Fundbox

Fundbox is a financial technology company offering a B2B payments and credit network. With Fundbox, sellers (of all sizes) can quickly increase average order volumes (AOV) and improve close rates by offering more competitive net terms and payment plans to their approved SMB buyers.

Fundbox Headquarter Location

300 Montgomery Street Suite 900

San Francisco, California, 94104,

United States

855-572-7707

Latest Fundbox News

Fintech co Fundbox raises $100m at $1.1b valuation

Nov 30, 2021

Fintech co Fundbox raises $100m at $1.1b valuation The Israeli company extends credit to small and medium sized businesses in the US. Israeli fintech company Fundbox has announced the completion of a $100 million Series D financing round at a company valuation of $1.1 billion, after money, led by Healthcare of Ontario Pension Plan (HOOPP), with existing and new investors. Most fintech companies thrived due to the Covid crisis, as more people wanted to complete transactions online, Fundbox, which extends B2B credit to small and medium sized businesses, was hit hard by the pandemic, and lay off 15% of its work force early in the crisis. The latest financing round only represents a modest rise in Fundbox's valuation since its last financing round in 2019-2020, which according to PitchBook was at a valuation of $1 billion. However, Fundbox insists that its last financing round was at a company valuation of $700 million, after money, and that only now has it officially become a unicorn. Fundbox was founded in 2013 by Eyal Shinar, Yuval Ariav and Tomer Michaeli. Shinar, a former VP of Battery Ventures investment firm, served as Fundbox's CEO until June 2020 when he became chairman and handed over the reins as CEO to Prashant Fuloria, who had previously been the company's COO. Fuloria is an Indian-born American who has previously worked for Google, Facebook and Yahoo! Fundbox's first product was providing credit to small businesses against invoices for future payment - a bridging loan against invoices to be paid after 60 and 90 days. Over the time the company has expanded its product offerings to provide credit lines and other loans to businesses of up to $100,000. The loans target people unable to obtain bank credit due to an insufficient financial history, for example. Private loan providers are able to extend credit much more quickly than banks and Fundbox is able to transfer money into the lenders account within a day. Fundbox reports that it has exceeded a $100 million annual revenue run rate (ARR) with new customer acquisition growth of over 200% thus far this year. The company also said that it has surpassed $2.5 billion in transaction volume and connected with over 325,000 small and medium-sized businesses in the US. Fuloria said that is not yet profitable as a company. "We are profitable at the level of individual customers and when we stopped expenditure on buying new customers last year, we reached a positive cash flow." He describes Fundbox's valuation as balanced. "This valuation leaves room for increase and growth. I know that there are companies with five times our revenue that receive the value of a unicorn but in their place I wouldn't feel certain that the direction of the markets can change. We are strong. We weren't destroyed in 2020 and most important is where we will be in five or ten years." RELATED ARTICLES

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing Fundbox

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Fundbox in 3 CB Insights research briefs, most recently on Dec 10, 2020.

Expert Collections containing Fundbox

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Fundbox is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

925 items

2

2018 Fintech 250

748 items

D

Digital Lending

1,148 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

S

SMB Fintech

1,499 items

P

Payments

1,721 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

T

Tech IPO Pipeline

282 items

Track and capture company information and workflow.

Fundbox Patents

Fundbox has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/31/2014

Accounting source documents, Accounting terminology, International trade, Regulatory compliance, Exoplanets

Application

Application Date

7/31/2014

Grant Date

Title

Related Topics

Accounting source documents, Accounting terminology, International trade, Regulatory compliance, Exoplanets

Status

Application

Fundbox Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Fundbox Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.