| Fundbox | |
| Logo Alt: | Fundbox logo |
| Founded: | in Israel |
| Founders: | Eyal Shinar, Tomer Michaeli, Yuval Ariav |
| Hq Location: | San Francisco, California |
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.[1] Founded by Yuval Ariav, Eyal Shinar, and Tomer Michaeli in 2013,[2] it operated for a year in stealth mode before becoming available to the public in 2014.[3] After launch, it announced it had received $17.5 million in funding from investors led by Khosla Ventures.[4] [5] In 2020, Fundbox hired Marten Abrahamsen, a former investment banker, as the company's chief financial officer.[6] 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.[7]
Fundbox offers working capital products to small businesses.[7] Its primary offering is a revolving line of credit to manage cash flow.[8] Fundbox uses a banking partner to give short-term funds up to $100,000. It also offers membership-based offerings and payments which include Flex Pay, which provides additional payment options for business expenses.[7] Its services are offered online and through a tech platform[9] that integrates with QuickBooks, FreshBooks, Xero and Indeed.[10]