01 — OVERVIEW·
About Fundbox
Product Name: Fundbox
Fundbox, a tech company, helps small business owners overcome occasional short-term cash flow gaps by advancing payments for their outstanding invoices. Its primary tool plugs into a company's existing accounting software and assesses each invoice before utilizing a proprietary algorithm to build a risk profile of each transaction, the business in question, and its market. If accepted, Fundbox underwrites the invoice in 50 seconds and deposits its value in a company's bank account the next business day with a payback period of 12 weeks. Launched in January 2013, the users' weekly payments are calculated by adding 1/12 of the invoice value plus a small fee of approximately 0.5% of the same.
Fundbox, a tech company, helps small business owners overcome occasional short-term cash flow gaps by advancing payments for their outstanding invoices. Its primary tool plugs into a company's existing accounting software and assesses each invoice before utilizing a proprietary algorithm to build a risk profile of each transaction, the business in question, and its market. If accepted, Fundbox underwrites the invoice in 50 seconds and deposits its value in a company's bank account the next business day with a payback period of 12 weeks. Launched in January 2013, the users' weekly payments are calculated by adding 1/12 of the invoice value plus a small fee of approximately 0.5% of the same.
Specializations
Billing and Invoicing
02 — ANALYSIS·
4P SUGAR™ Quadrant
Scale 0 (lowest) to 100 (highest) · SUGAR™ by Bizoforce
About SUGAR Framework ↓
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03 — OFFERINGS·Products & Services
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