Fundbox Secured $176 Million in Series C to Expand B2B Credit Payments
Grace Mahas — September 25, 2019 — Business
References: fundbox & techcrunch
Credit cards are the ideal payment for businesses and consumers alike -- they allow users to exchange goods and services without fear of financial risk -- but Fundbox, a new B2B credit company, is setting itself apart by revolutionizing the way a business can make payments.
Fundbox is creating a new credit payment network that allows businesses to conduct interactions without counter-party risks. The company acts as an intermediate between corporations to secure payments virtually risk-free, and the new business model has attracted the attention of many. It recently secured $176 million in funding to continue developing and expanding its technology.
Fundbox will drastically help businesses of all sizes to secure a line of credit ensuring cash flow is never an issue and bills can be paid seamlessly.
Image Credit: Shutterstock
Fundbox is creating a new credit payment network that allows businesses to conduct interactions without counter-party risks. The company acts as an intermediate between corporations to secure payments virtually risk-free, and the new business model has attracted the attention of many. It recently secured $176 million in funding to continue developing and expanding its technology.
Fundbox will drastically help businesses of all sizes to secure a line of credit ensuring cash flow is never an issue and bills can be paid seamlessly.
Image Credit: Shutterstock
Trend Themes
1. B2B Credit Payment Network - Fundbox is revolutionizing the way businesses make payments by creating a new credit payment network that allows for secure transactions.
2. Virtual Risk-free Payments - Fundbox acts as an intermediate between corporations, providing virtually risk-free payments for businesses conducting interactions.
3. Streamlined Cash Flow Management - Fundbox helps businesses secure a line of credit to ensure seamless cash flow management and timely bill payments.
Industry Implications
1. Fintech - The FinTech industry can leverage Fundbox's credit payment network to enhance payment solutions and reduce financial risks for businesses.
2. Small Business Services - Fundbox's virtual risk-free payments can disrupt the small business services industry by providing secure payment options for businesses of all sizes.
3. Financial Services - Financial services companies can explore opportunities to collaborate with Fundbox and streamline cash flow management for businesses.
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