Visit Site

Fundbox verified Companies can verify their Best Company profile through contacting us. Once a company profile has been claimed and verified by Best Company, we work with the company to ensure the information on our site is as accurate as possible.

Fundbox Ltd was founded in 2012 and started offering its product in 2014 with the niche business model of providing advances on outstanding invoices to businesses and freelancers. One of the company's founders, Eyal Shinar, came up with the idea for Fundbox after he watched his mother struggle with cash flow in her staffing business in Israel. Fundbox's goal is to help small businesses maintain adequate cash flow by reducing the wait time for customers to pay invoices. Fundbox aims to address a more narrow and immediate need: paying business owners for the work they've already done.

The Good

  • Easy Loan Requirements
  • Get Funds Quickly
  • Transparent Fee Structure

Businesses and Freelancers

Businesses and freelancers can sign up for Fundbox and link their bookkeeping applications to find out if Fundbox will advance funds for their outstanding invoices. The company uses algorithms to determine which invoices it will provide funding for and what cost its customers will pay for the advances. The advance and all fees must be paid off within 12 weeks.

Easy-to-Meet Loan Requirements

Fundbox's requirements don't focus solely on a company's years in business, credit rating, or revenue. Businesses that sign up for the service link their accounting / bookkeeping applications and their checking accounts to Fundbox. Fundbox then uses a series of complex algorithms to ensure the businesses are legitimate and determine the risk of advancing funds. Fundbox makes advances to some customers who have been in operation as little as nine months, so it is a good resource for new businesses. The process for advances is also weighted toward outstanding invoices, not annual revenue, so new businesses may be eligible as long as they have completed work and are owed money by their customers. All businesses registered in the United States may sign up for Fundbox. The company also allows freelancers to apply for advances.

Automated Process Gets You Funds Fast

Businesses sign up for a Fundbox account and connect their bookkeeping applications to Fundbox so the company can see the available unpaid invoices. Fundbox supports the following bookkeeping apps and states it is adding more supported apps all the time:

  • Wave
  • Freshbooks
  • Clio
  • Xero
  • QuickBooks Desktop
  • QuickBooks Online
  • Harvest

Companies do not have to fill out an application for funding or speak with a loan officer. They merely select which eligible invoices they would like an advance on and submit them to receive the funds. Fundbox states businesses can receive the advances in as little as one business day depending on how fast their bank processes funds transfers.

Transparent Fee Structure

Before they apply for an advance on an invoice, businesses can see what they will be charged for transaction and advance fees if they take the full 12 weeks to pay off the advance. Businesses that pay off the advance in fewer than 12 weeks are not charged a penalty for early payoff and any remaining fees are waived. Fundbox does not charge any origination fees or closing fees for its advances. The company also does not assume ownership of the outstanding invoices, but offers advances as unsecured loans.

Major Venture Capital Support

Fundbox is getting serious support from major venture capitalists. The company recently announced it has raised $50 million in new financing from investors including Bezos Expeditions (investment company of's CEO Jeff Bezos), Spark Capital Growth, actor Ashton Kutcher, Guy Oseary's Sound Ventures, Entrée Capital, Khosla Ventures, General Catalyst Partners, Shlomo Kramer, and Blumberg Capital. The company had previously raised $40 million in March 2015.

Check rates with Fundbox

The Bad

  • Limited Types of Funding
  • Limited Track Record
  • Risk Ranking

Limited Types of Funding

Businesses are limited to the kinds of funds they can receive from Fundbox. The company only offers advances on outstanding invoices. You cannot use Fundbox to secure more traditional business loans to cover expansion or purchase equipment. Fundbox also locks you in to a maximum 12-week repayment plan.

Paying for Your Money

Fundbox offers a legitimate service for businesses struggling with cash flow problems, but that service is going to cost you. For a $15,000 advance on an invoice, Fundbox's fees ranges from $720 to $1,020. However, there are no hidden fees, closing fees, or origination fees. states a $10,000 advance will cost 43.95 percent to 63.73 percent APR over a 12-week period. You can repay early at any time without penalty. Fundbox will waive any remaining fees, so you're only charged for the time you used the funds.

Limited Track Record

The company has only been offering cash advances since 2014 so it does not have a lengthy track record of business funding and may lack the expertise to identify the businesses that would be the best choices for this type of funding advance.

Risk Ranking

Fundbox states it uses algorithms coupled with a business's outstanding invoices to determine how much it can get in advances and what fees will be applied. There is no information on how much of a factor a company's credit score, revenues, or years of experience factor into Fundbox's risk rating. For businesses with an excellent financial history and strong revenues, but with few outstanding invoices, Fundbox would not be a useful solution for needed cash.

Businesses Must Use App

Because all of Fundbox's funding decisions are made online, businesses must use a bookkeeping application that can link to Fundbox. This limits the number of businesses that can receive advances from Fundbox; for example, small businesses and freelancers that use Microsoft Excel to track their invoices are not eligible to get advances on outstanding invoices. Fundbox will notify businesses that they have insufficient accounting history if they do not have sufficient invoice history using one of Fundbox's supported apps.

Limited to the United States

Currently, Fundbox only offers advances to businesses registered in the United States. The company also will not advance funds for outstanding invoices that are in a foreign currency or are being billed to international clients.

The Bottom Line

Fundbox is an attractive service for businesses and freelancers who are having cash flow problems due to outstanding invoices. If your clients are taking 30, 60, or 90 days to pay, an advance on their invoices may help you cover your payroll and other expenses so you can keep operating. Fundbox also lends smaller amounts and lends to businesses that have only been in business for a short time, services which many banks do not offer. The company has an online process that quickly identifies if you have outstanding invoices available for advances and what fees will accompany those advances. If you need cash now and you have outstanding invoices, we recommend checking Fundbox's rates. However, the cost to receive these advances comes with a fairly high APR, leaving you paying a substantial sum to access your own money.

2 Fundbox Reviews

1. Select Your Rating


2. Subject For This Review * (Select all that apply)

0 characters

3. Review Validation*

Best Company

Thanks for submitting your review!

Your review will be moderated by our team within 48 hours and, if approved, will be published. You can see the status of your review within your account at anytime.

Best Company

Thanks for submitting your review!

Next Step: Verify your email

We have sent a verification email to the following email address:

After you verify your email, your review will be moderated by our team within 48 hours and, if approved, will be published

Sort By:
  • User Score


    August 21st, 2017 Orlando, FL

    My experience with FundBox has been incredible, from the first contact to getting funded. With the integration into our QuickBooks account, the process is so simple because they have access to your cashflow snapshot. Plus no early payment penalties. I highly recommend them.

    Was this review helpful?

    0 0
  • User Score


    August 3rd, 2017 Ridgewood, NY

    The employees are super friendly and I absolutely love their funding structure

    Was this review helpful?

    0 0