Fundbox Named “Best Overall Business Lending Company” in 2018 Annual FinTech Breakthrough Awards Program


SAN FRANCISCO, May 24, 2018 /PRNewswire/ — Today, Fundbox, a leader in credit and payments for small businesses serving other businesses (SMB2B), announced that it has been selected as the winner of the “Best Overall Business Lending Company” award. by FinTech Breakthrough, an independent organization that recognizes the best companies, technologies and products in the global FinTech market today.

“We are thrilled to recognize Fundbox for one of our program’s flagship awards, the Best Business Lending Company award, an ultra-competitive award category for our program with many compelling companies nominated,” said James Johnson, Managing Director, FinTech Breakthrough. “Fundbox has stood out from the competition with its AI-powered underwriting platform. By fully automating the underwriting process with a data-driven risk model, Fundbox promises to underwrite faster, more cost-effectively and with greater accuracy than many other lenders – opening up lending opportunities for more customers. Congratulations to the entire Fundbox team for their recognition in the industry with our 2018 FinTech Breakthrough Award.”

The FinTech Breakthrough Awards are the premier awards program founded to recognize FinTech innovators, leaders and visionaries around the world in a range of categories including Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and more. others. The 2018 FinTech Breakthrough Awards program attracted over 3,000 nominations from around the world.

“We are thrilled to be recognized by the FinTech Breakthrough Awards team for this wonderful honor,” said Greg Powell, Head of Brand and Product Marketing at Fundbox. “At Fundbox, our mission is to simplify and improve the way small businesses pay and get paid. Small businesses are the backbone of the American economy, which is why our team is committed to providing that can help them reach their full potential.”

Fundbox uses proprietary technology that allows the company to leverage multiple data sources, which are used to assess risk and grant credit to approved SMEs. The result is an extremely fast, seamless, and intuitive experience that customers love. Data collected by Fundbox feeds into its Small Business Graph, where the company’s artificial intelligence models quickly analyze the customer, their financial transactions, and the organizations they do business with. This approach gives Fundbox a more dynamic and in-depth view of the financial health of the small businesses the company serves on a daily basis. To date, Fundbox works with over 90,000 SMEs, but can see 13 million businesses in total on the Small Business Graph.

About Fundbox:
Our mission at Fundbox is to simplify and improve the way small businesses pay and get paid. The company uses advanced technology, data science and common sense to give small businesses greater access and choice to intuitive, fast and transparent financial solutions so the business owner can stay focused. on the management of his business. Fundbox provides credit limits up to $100,000 and can transfer funds as early as the next business day. Thanks to us, small businesses across the United States have more control over their finances and are better able to succeed and grow.

Fundbox is funded by leading Silicon Valley entrepreneurs, finance veterans and venture capitalists including Spark Capital Growth, Bezos Expeditions (the personal investment arm of Jeff Bezos), General Catalyst Partners, Khosla Ventures, SV Angel, former CEO of CitiGroup Vikram Pandit, and other major investors. Fundbox was recognized as a billion dollar startup to watch in 2017 by Forbes. For more information, visit fundbox.com.

About FinTech Breakthrough
FinTech Breakthrough, part of the Tech Breakthrough Awards organization, is an independent awards and recognition platform dedicated to rewarding excellence in financial technology and services companies and products. The FinTech Breakthrough Awards publicly recognize the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and Moreover. For more information, visit www.FinTechBreakthrough.com.

For Fundbox:
Tim Donovancorporate communication manager
[email protected]

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Related links

http://fundbox.com

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