Fundbox was founded in 2013 to offer the small business an embedded working capital platform. Being a working capital leader, it uses modern-day technology to help small organizations, and enterprises boost cash flow. Partners of the company can avail working capital and spend management solutions to their small business consumers using the embedded finance platform of Fundbox. In a recent announcement, Fundbox unveiled that its working capital platform is now embedded within Stripe, a one-stop platform for payment acceptance, payment delivery, and online business management.
The collaboration will enable Fundbox to offer its services to B2C e-commerce merchants, till now the embedded working capital company has been serving B2B consumers. Stripe plays a key role for businesses when they need to build websites and apps for global payment acceptance and payouts. The platform also offers features for fraud management, raising the invoice, issuing virtual and physical cards, and business expense management.
Prashant Fuloria, CEO, Fundbox, stated, “This new collaboration enables us to tap into the substantial number of e-commerce merchants, most of which are B2C, that already use Stripe for their payment needs. Over the last few years, we’ve cemented our position as a leader in working capital for B2B sellers by embedding ourselves within their accounting and invoicing systems and processes. This expansion into B2C merchants is a natural evolution of our business, and we’re excited to work with Stripe in our next phase of growth.”
Stripe’s new financial service ecosystem, Stripe App Marketplace, will include Fundbox as a working capital solutions pioneer. Small businesses can perform critical payments, such as investments to upgrade the enterprises, and manage unexpected expenses using the solutions provided by the platform. Businesses can access Fundbox solutions directly through the Fundbox website and mobile app or embedded experiences with business systems like Stripe.