Introducing Fundbox Checkout for B2B E-Commerce

By expanding access to Fundbox’s AI-powered underwriting platform at the point of sale, B2B companies can confidently accelerate business and revenue opportunities.

Recently we announced Expanding our rapidly growing business capital platform with new e-commerce payments.

As online commerce continues to grow at the speed of light, we understand that B2B businesses can no longer be held hostage to asynchronous transactions and delays caused by paper checks, invoices and other conditions. caused extension. Current credit and payment conventions in the world of B2B transactions lead to cash flow disruptions, delayed business transactions, and impedes business growth.

After analyzing data from our proprietary business chart (including an analysis of Fundbox’s 16,000 clients from July to December 2018), we found that the average SME has 24 % of monthly sales related to accounts receivable, terms, or trade credits.

“Fundbox has a legacy of creating disruptive solutions for businesses in the United States,” said Prashant Fuloria, COO of Fundbox. “With Fundbox Pay, customers now have more ways than ever to tap their Fundbox credit, and partners have new ways to contextualize credit access in their workflow. their. This marks our evolution from a product-focused company to a platform-focused company.”

Want to learn how to get Fundbox Pay for your business? Let’s start from here.

Below is a compilation of recent media coverage of the launch and its implications for B2B markets.

American Banker: Fundbox updates B-to-B credit for online markets

Fundbox has made a name for itself by integrating with accounting software like Intuit’s Quickbooks and making quick loans to small businesses based on their receivables and cash flow. Last year, it began integrating its automated lending service with several software programs commonly used by borrowers.

In March, it launched Fundbox Pay, expanding the idea into payments and credit among small businesses. Using Fundbox Pay, a small business provided a product or service that required payment and was instantly paid by Fundbox.

• Read the full story in American Banker.

PYMNTS: Fundbox Pay expands to B2B markets

Point-of-sale sponsorship purchases are gaining traction in B2C E-Commerce, so why not B2B? Fundbox is bringing Fundbox Pay to the point where the workflow and solvency of smaller companies intersect – according to CBO Sebastian Rymarz, providing credit wherever and when companies need it, with one bit of AI-driven insights to contextualize it all.

• Read the full story in PYMNTS.

deBanked: Fundbox speeds up B2B transactions

A spokesman for the company, Tim Donovan, told deBanked: “We are positioning ourselves to be the PayPal for B2B transactions. “And that means becoming as ubiquitous as finding Visa, Amex or PayPal in a B2C payment process.”

• Read the full story in deBanked.

Sourcing Magazine: Fundbox adds B2B trade credit capabilities to unlock cash flow for retailers

Fundbox, a financial technology company, has transitioned from being product-focused to platform-focused with its new B2B merchant credit and payments service. The new service is set up so the company can make a credit decision in less than three minutes, using real-time risk assessment with on-demand access to capital at the time of transaction.

• Read the full story in the Sourcing Journal. (requires login)

SmallBizDaily: Get credit when it’s needed

This new e-commerce payment feature enables credit approval (using machine learning and AI) in less than three minutes. Rymarz explains, “Because it was so fast, we were able to get into the checkout process.” This allows credit-approved customers to buy more on the spot, helping them get the products they need and helping shoppers get more sales.

• Read the full story at SmallBizDaily.

Mobile payments today: Fundbox Pay expands funding decisions to e-commerce platforms

“Fundbox has a legacy of creating groundbreaking solutions for businesses in the US,” said Prashant Fuloria, COO of Fundbox. “With Fundbox Pay, customers now have more ways than ever to tap their Fundbox credit, and partners have new ways to contextualize credit access in their workflow. their.”

• Read the full story on Mobile Payments today.

Want to learn how to get Fundbox Pay for your business? Let’s start from here.