Market Overview

FUNDBOX IS NAMED TO WEALTHFRONT'S 2019 CAREER-LAUNCHING COMPANIES LIST FOR THE SECOND YEAR IN A ROW

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San Francisco, CA, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Fundbox, a Fintech leader dedicated to helping businesses that are ready to get to the next level, today announced that it has been recognized on the 2019 Wealthfront Career-Launching Companies List for the second year in a row. The seventh annual list recommends technology companies where young people should consider starting their careers.

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That moment when an idea becomes something more.



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Fundbox all-hands. Come join us and change the world!



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Each year Wealthfront develops the list with input from 14 of the industry's premier venture capital firms. To qualify for the list of United States-based mid-sized companies with momentum, a company must be privately held, have a revenue run rate by year end of between $20 million and $300 million, be on a trajectory to grow at a rate in excess of 50% for at least the next three or four years, and have compelling unit economics.

"Setting yourself up for a successful career is one of the most important things you can do to achieve financial success," said Andy Rachleff, CEO of Wealthfront. "Publishing this list of ideal places to start your career is one of the many unique things Wealthfront does as a financial advisor to radically improve our clients' financial outcomes."

"We are truly humbled to be named for the second year in a row to Wealthfront's career-launching company list," said Eyal Shinar, founder, and CEO of Fundbox.  "At Fundbox, we've worked hard to create a company environment that enables our team members to reach their full potential. Our success as a business is a true reflection of the talented people who bring their A-game to solve tough problems every day.  I couldn't be more proud."

Accelerating B2B Payments

Fundbox is on the lookout for top talent as the company focuses on defining a new accelerated payment category that will transform B2B commerce. As globalization continues moving at the speed of light, B2B businesses can no longer remain hostage to slow, asynchronous transactions caused by paper checks, invoices and extended terms which disrupt cash flow, delay business deals, and impede accelerated growth.

To address this issue, the company's business capital platform has been purposely designed to expedite B2B omnichannel transactions.  Fundbox Pay does this by uniting real-time risk assessment with on-demand access to business capital at the point-of-transaction.

Reinventing B2B Commerce

 

Fundbox has purposely designed the company's B2B credit and payment experience to be as close to a B2C commerce experience making it convenient, fast and transparent.

For B2B buyers, Fundbox can provide a credit decision in under 3 minutes followed by swift access to capital for those who are approved.  This means that B2B buyers can have greater confidence to make faster decisions when business opportunities present themselves. Fundbox also contextualizes access to capital for buyers, by making capital accessible within a buyers workflow, when they need it the most. And for B2B sellers, Fundbox unlocks the valuable cash flow that would otherwise be tied up in outstanding invoices and accounts receivable.   In addition, because Fundbox assumes the payment risk, B2B sellers can do more selling without having to worry about new buyer credit holds or defaults in payment.

Mission-Driven Talent

Fundbox is a business-driven company with a social mission.   The company believes in the importance of financial inclusion and the democratization of access to capital for people and, the for the businesses they own.   The rapid success and acceleration of the company is a true reflection of the Fundbox team and our collective empathy and commitment to help our customers succeed. Fundbox has built a vibrant "ideate and create" work community driven by the company's uniting principles called, MOSAIC which stands for mission, ownership, speed, achva (a Hebrew word that means "support each other") innovation, and clarity.    


"When I was looking to change industries, I didn't know how or where to start. It's a pretty daunting task; sifting through the hundreds of companies who all claim to do something amazing," said Gibson Holland, Sync Support Specialist at Fundbox.  "Then a friend suggested Wealthfront's Career-Launching Company list. It highlighted companies across all different industries who were actually solving problems and also growing responsibly. That's how I found Fundbox! I knew I was trying to join something special and I couldn't be happier with the end result!"

For more information about Wealthfront's 2019 Career-Launching Company List, visit: https://blog.wealthfront.com/career-launching-companies-list


About Fundbox

Fundbox is a leading technology platform focused on disrupting the $21 trillion B2B commerce market by building the world's first B2B credit and payment 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 accurately assess credit risk in a matter of minutes, Fundbox is reimaging B2B credit and payments products in new category-defining ways.

Since the company's founding in 2013, Fundbox has raised $140 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.


For more information about Fundbox careers, please visit: https://fundbox.com/careers

 

Attachments

Tim Donovan
Fundbox
5105930064
tim.donovan@fundbox.com

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