Karen Webster of PYMNTS.com interviewed Prashant Fuloria, COO of Fundbox, about the guiding principles for using different data sets in...
The pandemic has had more impact on small business lending than probably any other vertical. While the PPP enabled many...
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 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.
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
It has been an interesting to say the least as we have watched everything play out with the Paycheck Protection...
In this conversation, we chat with Rhett Roberts, the Co-Founder and CEO of LoanPro – a new breed of software company that is API-driven, cloud-native and easily scalable. Rhett and his co-founders created the company out of necessity when they ran an auto lending business as they could not find anything flexible enough to suit their own needs.
More specifically, we touch on all things around the lending industry, the auto lending industry and how everything there works, and of course, why LoanPro is such an awesome company, and so much more!
Fundbox announced today a fresh $20 million in equity funding from MUFG Innovation Partners, the corporate venture capital arm of...
Fundbox has hired Marten Abrahamsen, a former investment banker to fill the CFO role at the fintech company; Fundbox provides...