Fundbox Updates

Q3 Media Roundup: AI 50, IDC FinTech 100, and More

By Irene Malatesta

We ended Q3 with a bang, announcing some of the biggest news in our company’s history: we unveiled our new brand and announced our fundraising round.

Catch up on our fundraising news and read all about our new brand.

That’s not all from this quarter, though—far from it. Here’s a recap of some of the other big news, awards, and honors from the last eventful three months.

Listed: Forbes AI 50

Forbes, together with data partner Meritech Capital, published a list of “private, U.S.-based companies that are wielding some subset of artificial intelligence in a meaningful way and demonstrating real business potential from doing so.”

According to Forbes, “honorees span categories like human resources, security, insurance, and finance, with healthcare, transportation, and infrastructure startups best represented on the list” which hails these 50 companies as “the most promising artificial intelligence companies.” We’re honored to be included at number 11.

Find the full AI 50 2019 list in Forbes.

Listed: IDC FinTech 100 List

IDC aims to “categorize and evaluate technology providers based on calendar year revenues from financial institutions for hardware, software, and/or services.” We are honored in this year’s list as one of the Top 100 in the FinTech Rankings.

Learn more and find the whole IDC Fintech 100 list.

Report: The Reason High-Margin Companies Pay SMB Suppliers Late

The SMB Receivables Gap Playbook, our recent collaboration with PYMNTS, delves into survey data from 1,031 U.S. firms to reveal the trade credit practices and disparities between early-stage, intermediate and established firms, and those with operating margins ranging from negative to 75 percent.

According to PYMNTS, this Playbook “examines the tolls that trade credit practices are taking on American SMBs’ cash flows, capital, and resources—and explores how they can break the cycle.”

Read more about the data collaboration and this Playbook in PYMNTS, then get the Playbook.

Award: 2019 Best Business Credit Line

Lending database firm LendVer named us its 2019 Best Business Credit Line Lender.

Read the press release to learn more about LendVer and other honorees.

Launch: Roofr partners with Fundbox

Roofr has partnered with Fundbox to create a seamless way to for Roofr users to get access to business funding. We offer approved businesses access to a revolving line of credit, which businesses can now apply for right from their Roofr dashboard. We’re proud to be selected as the business funding solution of choice for all of Roofr’s contractors.

Read the press release from Roofr.

Launch: Housecall Pro partners with Fundbox

Leading software platform for home service professionals, Housecall Pro, announced the launch of My Money, a comprehensive set of tools within the Housecall Pro platform to help pros get paid faster and gain greater transparency and control overspending. As part of My Money, Housecall Pro users can easily apply for business funding through an integration with Fundbox.

“Small businesses drive the economy, but they don’t always have the capital at their disposal to grow,” said Greg Powell, head of product and brand marketing for Fundbox. “Through our partnership with Housecall Pro, we can help home service professionals get access to the business credit they need so they can capture important business opportunities when they happen.”

Read the press release from Housecall Pro.

Featured: Eyal Shinar CEO interview

Journalist Sramana Mitra interviewed our CEO, Eyal Shinar, and featured the conversation in a two-part article series on her blog, One Million By One Million: Thought Leaders in Financial Technology.

Business credit and receivables financing are going through enormous changes thanks to innovations in technology. This conversation delves into business credit, lending, net terms and the impact of trade credit on businesses and the economy as a whole.

Read Thought Leaders in Financial Technology: Eyal Shinar, CEO of Fundbox.

 

Header image credit: MICHAEL HIRSHON FOR FORBES [source]

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