Fundbox joined the Unicorn Club on November 30, 2021, after raising a $100 million Series D funding round led by Hoopp, valuing the company at $1.1 billion. Headquartered in San Francisco, California, United States, Fundbox is an AI-driven alternative lending platform providing credit lines and term loans to businesses. The company has raised $734 million to date and employs 78 people (as of December 2022).
Keep reading to learn how Fundbox became a leader in AI-powered business finance.
What Is Fundbox and What Does It Do?
Founded in 2013, Fundbox offers an AI-based business lending platform designed to provide small and medium-sized enterprises (SMEs) with fast, flexible financing. By analyzing annual turnover, monthly revenue, profit metrics, and credit assessments, Fundbox determines loan eligibility and provides credit lines and term loans. Repayments can be made via bank transfer, credit card, or debit card, and the platform is available on both iOS and Android devices.
Fundbox leverages artificial intelligence to streamline underwriting, reduce risk, and deliver efficient lending experiences for businesses, enabling improved cash flow management and operational growth.
How Much Funding Has Fundbox Raised?
- Series D
- Amount Raised: $100M
- Date: November 30, 2021
- Lead Investor: Hoopp
- Valuation: $1.1B
- Purpose: Expand lending capabilities, scale operations, and enhance AI-driven underwriting tools.
- Earlier Rounds (A–C)
- Cumulative Funding: $634M
- Investors: Founders Circle Capital, Robyn Capital, and others
- Purpose: Build platform technology, grow user base, and expand credit offerings.
Total Funding Raised: $734M
Latest Funding Date: November 30, 2021
Latest Valuation: $1.1B
Employee Count: 78 (as of December 31, 2022)
Key Investors
- Hoopp
- Details: Institutional investor focused on technology and growth-stage companies.
- Focus Areas: FinTech, AI-based platforms, and enterprise growth.
- Founders Circle Capital
- Details: Venture firm supporting early- and growth-stage businesses in financial services.
- Focus Areas: Alternative lending, technology innovation, and SME financing.
- Robyn Capital
- Details: Private investment firm backing high-potential fintech and technology companies.
- Focus Areas: Financial technology, AI-driven business solutions, and scaling operations.
Where Is Fundbox’s Headquarters?
Fundbox is headquartered in San Francisco, California, United States, with teams supporting business clients across North America. The company combines AI technology with financial expertise to deliver fast, flexible, and reliable business lending solutions, enabling small and medium-sized enterprises to manage their cash flow and drive growth efficiently.
What’s Next for Fundbox?
Fundbox is focused on expanding its AI-driven lending platform, refining its underwriting algorithms, and providing enhanced credit solutions for businesses of all sizes. The company plans to deepen integrations with business software, provide real-time financial insights, and expand its product suite to cover broader financing needs. With a strong technology foundation and continued investor support, Fundbox is positioned to lead the alternative lending sector for SMEs.
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