Startups > Fundbox

Fundbox

Fundbox helps small businesses unlock working capital tied up in unpaid invoices.
Series D $734M total Founded 2013 San Francisco, California
Fundbox is an embedded capital platform that uses machine learning to provide working capital solutions to small businesses. The platform offers credit lines and term loans to SMBs based on revenue analysis and credit assessments, with transparent pricing and fast automated approval decisions. Fundbox solves the problem of capital tied up in unpaid invoices—over $1 trillion in the U.S. alone—by connecting businesses with credit when they need it. The company positions itself as a pioneer in embedded working capital, integrating directly into business software platforms like QuickBooks and FreshBooks.
Problem solved
Small businesses have capital tied up in unpaid customer invoices, creating cash flow constraints that limit growth and hiring.
Target customer
Small and medium-sized businesses (SMBs) with $100K+ annual revenue, 3+ months in business, and a 600+ credit score who need quick access to working capital.
Website LinkedIn Crunchbase
Founders
Y
Yuval Ariav
Co-Founder & Advisor
Co-founder of Fundbox; angel investor and board member at other startups.
E
Eyal Shinar
Executive Chairman
Co-founder of Fundbox, inspired by his mother's struggles with late payments at her employment agency in Israel; transitioned to Executive Chairman role.
T
Tomer Michaeli
Former Co-Founder & COO
Former Co-founder and COO of Fundbox; founder of Viola FinTech and Viola Group.
Funding history
Series A $17.5M April 2014 Led by Khosla Ventures · SV Angel
Series C $326M May 2020 Led by Unknown · Hoopp, Allianz X, HarbourVest Partners, Hamilton Lane, Synchrony, SEB
Series D $100M November 2021 Led by Healthcare of Ontario Pension Plan (HOOPP) · Allianz X, Khosla Ventures, The Private Shares Fund, Arbor Waypoint Select Fund, BNY Mellon Newton Investment Management North America
Total raised: $734M
Industries
B2B Financial Services FinTech Payments Software
Pricing
Business lines of credit up to $150,000 with 12-24 week terms. Interest rates start at 4.66% for 12-week plans or 8.99% for 24-week plans. No early repayment fees. Qualification requires $100K+ annual sales, 3+ months in business, 600+ credit score, and 3+ months transaction history.
Notable customers
QuickBooks, FreshBooks, EverCommerce, Wave, Vaya; 125,000 small businesses have accessed over $5 billion in capital through the platform
Integrations
QuickBooks, FreshBooks, EverCommerce, Wave
Website
fundbox.com/
Competitors
Figure
Broader fintech platform; less specialized in embedded working capital solutions.
Nav
Focuses on business credit monitoring and funding marketplace; less integrated into accounting software.
eCapital
Traditional alternative funding provider; slower approval process and more human-involved underwriting.
Clearco
Revenue-based financing model; different repayment structure and target customer profile.
Why this matters: Fundbox achieved unicorn status in 8 years (2013-2021) and has raised $734M, demonstrating strong investor confidence in embedded finance. The company's focus on automating lending decisions for underserved SMBs and integrating directly into existing business software represents a significant shift in how small businesses access capital.
Best for: Small business owners who need quick access to working capital and are already using accounting or business software platforms.
Use cases
Accelerating Growth and Hiring
A freelance accounting firm owner used Fundbox credit to accelerate hiring, onboarding 2-5 new clients per month as a result. The quick funding approval enabled the business to invest in team expansion without waiting for client payments.
Managing Seasonal Cash Flow
A fresh-baked pie shop increased sales by 1,200% in 30 days using a Fundbox line of credit to manage inventory and production during peak season. The flexible credit line allowed the business to capitalize on demand without cash flow constraints.
Embedded Finance for Accounting Software Users
Small businesses using QuickBooks or FreshBooks can access working capital directly through their accounting platform without separate applications. The embedded integration streamlines the funding process and makes capital more accessible to underserved SMBs.
Alternatives
Figure Broader fintech platform offering multiple financial services; less specialized in embedded working capital for SMBs.
Nav Credit monitoring and funding marketplace; not directly embedded in accounting software.
Clearco Revenue-based financing with different repayment model; targets e-commerce and SaaS companies.
FAQ
What does Fundbox do? +
Fundbox is an embedded capital platform that provides credit lines and term loans to small businesses. Using machine learning and automation, it offers fast funding decisions based on revenue analysis and credit assessments. The platform integrates directly into accounting software like QuickBooks and FreshBooks to unlock working capital tied up in unpaid invoices.
How much does Fundbox cost? +
Fundbox offers credit lines up to $150,000 with 12-24 week terms. Interest rates start at 4.66% for 12-week plans or 8.99% for 24-week plans. There are no early repayment fees. Qualification requires $100K+ annual sales, 3+ months in business, 600+ credit score, and 3+ months of checking account transaction history.
What are alternatives to Fundbox? +
Key alternatives include Figure (broader fintech platform), Nav (credit monitoring and funding marketplace), eCapital (traditional alternative funding provider), and Clearco (revenue-based financing). Each has different strengths depending on business type, approval speed needs, and financing structure preference.
Who uses Fundbox? +
Small and medium-sized businesses with $100K+ annual revenue who need quick access to working capital. Notable customers include accounting software platforms QuickBooks, FreshBooks, Wave, and EverCommerce. Over 125,000 small businesses have accessed more than $5 billion through Fundbox.
How does Fundbox compare to traditional bank loans? +
Fundbox uses machine learning automation to make 99%+ of lending decisions without human involvement, compared to banks spending $3,500+ on risk assessment per application. This enables faster approval, lower costs, and easier access for small businesses that don't meet traditional bank criteria. Fundbox also integrates directly into business software, making it more convenient than separate bank applications.
Tags
working capital embedded finance SMB lending credit lines invoice financing automated underwriting business loans