San Francisco, CA, April 05, 2019 (GLOBE NEWSWIRE) -- Today Fundbox, a leading Fintech company dedicated to simplifying the way businesses pay and get paid, announced the opening of a new Dallas-area office to support the company’s rapid expansion. Fundbox will have a temporary office located at 7250 Dallas Pkwy, Plano, TX until the final office location is selected.   The new office will initially support sales, customer success, customer support, and collections but will grow over time to support additional core functions.

 

“We are truly excited to welcome Fundbox into the Plano business community,” said Mayor Harry LaRosiliere, Mayor of Plano, Texas. “The new Fundbox is a company on the cutting edge of technology and their office in our city further validates Plano as the City of Excellence and Innovation. We look forward to seeing Fundbox grow and wish the company our very best!”


Leading the evolution in small-to-medium (SMB) business payments and credit, the award-winning Fundbox has built the first machine learning-enabled business capital platform, purposefully designed to accelerate small business payments and credit at scale.  Fundbox provides a convenient credit solution that seamlessly integrates credit-as-a-service within the existing workflows of other B2B-focused platforms, portals and/or marketplaces.   

Applying for Fundbox is both convenient and fast. Interested business owners looking to access the company’s business capital platform simply complete a short application form and then connect a business data source of their choice with just a few clicks. Within minutes, proprietary machine learning models can deliver a credit decision and, for those approved businesses, Fundbox provides access up to $100,000 in a revolving business line of credit.  To date, Fundbox has facilitated over $1 Billion in credit for growing small businesses.


Fundbox has received numerous awards for Fintech innovation including the prestigious  Forbes Fintech 50, Forbes Billion Dollar Startup To Watch, Fintech Breakthrough Awards for Best B2B Payments Platform and, the Atlas Award for Best Israeli Startup just to name a few.


“After considering more than 30 cities across the U.S., we selected the Dallas area and, specifically Plano, because of the concentration of banking institutions and, for the incredible workforce talent located there,” said Abbie McBride, Vice President of Sales and Operations for Fundbox.  “As Fundbox continues to grow, our Dallas area office will become an important catalyst for our accelerated growth. Looking forward two years from now, our plan is to have as many as 75 to 100 fulltime employees if not more for this new office.”


About Fundbox

Fundbox is a leading technology platform focused on disrupting the $21 trillion B2B commerce market by building the world’s first B2B payment and credit network. With Fundbox, sellers (of all sizes) can quickly increase average order volumes (AOV) and improve close rates by offering more competitive net terms and payment plans to their SMB buyers. With heavy investments in machine learning and the ability to quickly analyze the transactional data of SMB’s, Fundbox is reimaging B2B payments and credit products in new category-defining ways.


Since the company’s founding in 2013, Fundbox has raised $150 million from a blue-chip group of investors led by Khosla Ventures, General Catalyst, Spark Growth Capital and Jeff Bezos, and is currently experiencing incredible growth momentum.  Twitter: @fundbox.

For more information about Fundbox, please visit www.fundbox.com


Tim Donovan
Fundbox
5105930064
tim.donovan@fundbox.com