Bill Miller discusses his $154 million hedge fund MVP 1 and its 30% allocation to bitcoin in a Wall Street Journal article; the fund is up 72.5% this year and according to a letter to investors the fund paid an average price of $350 per bitcoin; while his fund has done well he is aware of the risks that bitcoin could go to zero, providing his perspective in the article. Source
Fund That Flip is a real estate crowdfunding platform; it has been around for three years and plans to add 25 employees to the Cleveland location; the company received a Job Creation Tax Credit on Monday, July 31st which applies to the company's plan to generate $1.5 million in new payroll. Source
The new facility will allow Fundation to extend credit to more small businesses and is the latest example of a...
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...
Through the partnership Zoho will offer Fundbox credit products to its customers in the US; Zoho is a cloud-based operating system for businesses; Zoho's customers rely on the system to manage their finances, invoices and working capital; with the Fundbox partnership, businesses can now easily connect with Fundbox for credit solutions to manage their cash flow planning. Source
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.