FundBox - company loans using AI

 

Fundbox 

Headquarters: San Francisco

Founders: Eyal Shinar (CEO), Tomer Michaeli, Yuval Ariav

Funding: $140 million 

Valuation: $750 million

Fundbox has a data-driven take on lending that facilitates loans to small businesses rather than regular people. Founder Eyal Shinar says that seeing his mother, who ran a staffing agency, struggle with cash flow inspired the idea of advancing customers for outstanding invoices. A company that wants a loan through Fundbox connects their existing finance tools to its platform, which then uses these data streams to assess risk and either approve the loan or not. Shinar says that process can take as little as three minutes. 

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