In an effort to streamline SMB lending, alternative small business lender Fundation has struck a new partnership with Banc of...
Fundbox is already operating in an open banking environment allowing third party access to information; “What Fundbox is doing is indicative of this next wave of open banking and leveraging APIs to embed functionality in the longer tail of places where small businesses do work,” said Alenka Grealish, senior analyst at Celent, to American Banker; the company learned from past integration issues and created Fundbox Fuse which is a set of HTML code for lite integration; they announced new integrations with Bookly, AND CO, Billy, Paid and Knowify with the hopes of integrating to thousands of platforms to help democratize access to credit. Source.
Fundbox has hired Marten Abrahamsen, a former investment banker to fill the CFO role at the fintech company; Fundbox provides...
The partnership announced today will allow Synchrony’s small business merchants to apply for a line of credit through Fundbox; borrowers...
Small business financer Fundbox introduced their business to business credit and payment tool, Fundbox Pay, last year; today they have...
Small business lender Fundbox believes their new credit and payment product will help to solve the cash flow issue at small businesses; “We want to do for [small-business] B-to-B commerce what the entire credit card infrastructure has done for B-to-C commerce,” said Prashant Fuloria, chief operating officer of Fundbox, to American Banker; one of the biggest reasons for some of these issues is there is no credit scoring equivalent for small businesses; Fundbox Pay allows businesses to get paid immediately and gives those invoiced 60 days to pay at no charge, allowing businesses to handle the seasonal cash flow issues without too much pain. Source.
Fundbox, a company that offers loans and financial products to small businesses, announced today it has raised $100 million in a Series D round at a valuation of $1.1 billion. Or more simply, the company aims to solve SMBs’ working capital needs through its credit and payments offerings. It is particularly focused on B2B-focused small...
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Hi there and welcome to Funded, where we spotlight early-stage bets on the future of tech. This week’s feature zeros...
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Hi there and welcome to Funded, where we spotlight early-stage bets on the future of tech. Today’s issue highlights a...
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Hi there and welcome to Funded, where we spotlight the early-stage bets on the future of tech. Today, we look...