Fundbox

Fundbox, small business financing

Fundbox is a financial services company that provides capital to small businesses through lines of credit and term loans. Its focus is on streamlining access to funds to cover unexpected expenses, manage payroll gaps, or finance growth, with flexible repayment terms and no early repayment penalties.

Products and amounts

The company offers financing up to $250,000 through two main products: line of credit and term loan. The catalog indicates that funds can be used for upfront costs, cover payroll gaps, and support business expansion. Repayment terms are flexible and do not include early cancellation fees.

Application process

The site describes a simplified three-step process: apply in three minutes or less, get fast access to funds, and choose flexible repayment terms. The company notes that the application is fully automated, allowing it to be completed in a few minutes instead of the longer processes of other lenders.

Scale and track record

Fundbox has been operating since 2013 and, according to its site data, has connected over 500,000 businesses, disbursed more than $7 billion in capital, and has an annual origination capacity exceeding $2 billion. The company states it has helped over 190,000 small businesses access financing for growth.

Integration into everyday platforms

The company offers capital solutions integrated into the platforms businesses commonly use, and has a partner program, as well as API documentation for developers. This line of business aims to embed financing directly into the workflows of other business tools.

Leadership team

Fundbox's leadership is headed by Prashant Fuloria as chief executive officer, with over 25 years of experience in global technology platforms, including roles at Google, Facebook, Yahoo, and Flurry. Rina Jariwala serves as chief operations officer, with 20 years in financial services and previous experience at CoreLogic and Bank of America. Anchit Singh is chief business officer and leads strategy, product, partnerships, and marketing. Renuka Nayani is chief financial officer, with experience at Oportun and Morgan Stanley. Todd Hamblet is chief legal officer, with a background in corporate law and mergers and acquisitions, and previous experience at Uber. Ofer Karp is chief technology officer and leads global engineering and R&D, with experience at WalkMe, HP, and Perfecto Mobile. Sarvesh Baveja is senior vice president of credit risk, with experience at Capital One and specialization in AI and machine learning-based decision models.

Regulatory framework and conditions

Fundbox financing is originated by First Electronic Bank or Lead Bank. For businesses in California, the company operates under California Financing Law license 60DBO-48774. All financing is subject to credit approval of a complete application, and eligibility is based on the credit and risk policies of Fundbox and its partner banks, applicable legal requirements, and other business considerations. Financing may not be available in all states and may be subject to local restrictions.

Location and contact

3723 Greenville Ave STE 52345, Dallas, TX 75206 · Phone: (855) 572-7707 · Email: support@fundbox.com