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 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.
The partnership announced today will allow Synchrony’s small business merchants to apply for a line of credit through Fundbox; borrowers...
Finance is everywhere, and everywhere is finance. Smart city supply chains, self driving car insurance, video game real estate markets -- no matter which frontier technology you touch, it will have embedded implications on the delivery of financial services. And why wouldn't it? Like the use of language, finance is a human technology that allows societies to coalesce and compete with one another (in the Yuval Harari sense). It lifts people out of poverty and into entrepreneurship through microloans, providing generational sustenance for their families. And of course it also throws them into pits of corruption and greed, as they drink too deeply from the rivers of securitization and political power.
But enough poetry! I want to talk about augmented reality, attention platforms, and the re-formulation of payments and lending propositions in a global context.
A coalition of businesses including Alignable, Fundbox, Gusto, Homebase, Womply, SmallBizDaily.com, Actual.Agency, Business.com and Small Business Edge have announced the...
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.
Small business financer Fundbox introduced their business to business credit and payment tool, Fundbox Pay, last year; today they have...
Karen Webster of PYMNTS.com interviewed Prashant Fuloria, COO of Fundbox, about the guiding principles for using different data sets in...
Fundbox has hired Marten Abrahamsen, a former investment banker to fill the CFO role at the fintech company; Fundbox provides...
It has been an interesting to say the least as we have watched everything play out with the Paycheck Protection...