Fundbox is a financial technology company that provides small businesses with quick and easy access to working capital. They offer a platform that allows businesses to receive advances on their outstanding invoices, helping them bridge the cash flow gaps between invoice issuance and payment. Fundbox uses advanced algorithms and data analytics to assess the creditworthiness of businesses and provide them with loans or credit lines. Their platform integrates with popular accounting software, making the application process seamless and efficient. Fundbox aims to empower small businesses by providing them with the financial flexibility to grow and thrive. Below is the list of lookalike companies of Fundbox:
Is Fundbox a legit company? Fundbox is accredited by the Better Business Bureau (BBB) with an A+ rating. Since 2013, more than 500,000 business owners have used the platform to access over $3 billion in working capital.Jun 1, 2023
What kind of company is Fundbox?
We're a financial technology company built on the mission of helping business owners get access to growth capital so they can succeed. Since 2013, Fundbox has connected to over 500,000 small businesses. We've helped thousands of owners get access to flexible funds, up to $150,000.
Do you have to pay Fundbox back?
Unlike Square Capital's daily payments, Fundbox payments are weekly. Each week, you pay back part of the drawn amount plus a flat fee. Fundbox lines of credit are revolving, meaning that with each weekly repayment, the amount you paid (minus the fees) becomes available again.
What are the income requirements for Fundbox?
To qualify for Fundbox credit, your business should meet the following requires: Based in the U.S. $100,000+ in annual revenue. 6+ months in business.
We look into multiple data points: CPP ads data, company description, company employee experience and skills. We also use AI to summarize and extract keywords from the home page of Fundbox and compare that with other companies.
Similarity score
We look into multiple data points to determine company similarity score. These data points include:
CPA data
keywords companies bid on display ads on search engines
Company description keywords
Including industry indicators and specialties
Employee description keywords
what people actually do at the company
Publicly available comparison data
such as reviews of competing products/services
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