Fundbox Integrates With Leading SMB SaaS Solution Providers Paid, AND CO, Bookly, Knowify and BillyApp Infusing Cash Flow Into Their Workflows

SAN FRANCISCO, Feb. 6, 2018 /PRNewswire/ -- Today Fundbox, a leader in small business credit and payment solutions, announced that leading SMB SaaS solution providers including AND CO, Bookly, Paid, Knowify and BillyApp have integrated the company's cash flow on-demand plug-in into their platforms or applications. These integrations will make it significantly easier for their SMB customers to access credit at points within their workflows when customers are planning their financial needs the most.

As the number of SaaS providers targeting SMB's continues to grow exponentially, it can be difficult for small business owners to find the right solution tailored to meet their specific business needs. That's why Fundbox is fortunate to have partnered with four of the best SMB providers covering an important range of services including:

• AND CO, helps freelancers and small businesses run more efficiently. Strong contracts, invoicing, time tracking, expensing and task management save time and, ultimately, help make more money.
• Bookly, is an online bookkeeping service designed for small business owners. We pair you with a dedicated bookkeeper and our software so we can handle your books for you. Securely send your data to your bookkeeping team automatically by connecting your bank accounts and credit cards to the Bookly app. Moving forward your bookkeeping team will ensure your financials are up to date, payroll is delivered, and taxes are filed. Allowing you to do more of what you love.
• BillyApp, an online accounting software made just for entrepreneurs. BillyApp's mission is to help business owners and freelancers succeed by giving them the tools to practice good money management. With their BillyApp's software, entrepreneurs will gain a full understanding of their finances.
• Knowify, is a platform for construction contractors providing productivity tools and real-time data so they can know and grow their businesses.
• Paid, is a simple API that makes it easy for your company to seamlessly manage your accounts receivable.

"A core challenge for every freelancer is getting paid on time," said Leif Abraham, co-founder and CEO of AND CO. "Unfriendly payment cycles and forgetful clients often result in income volatility. We do everythig we can to give our freelancers the best tools to get paid quickly. Fundbox is a fantastic addition to that arsenal. Their solution really impressed us with fair terms and the ease of use. We're very glad to be bringing this option to our members."

Fundbox has created a truly intuitive, on-demand credit solution specifically designed to meet the growing funding needs of small businesses in the 21st Century. Fundbox does not require FICO to get started and underwrites based on the financial health of the business. With the company's automated underwriting process, small businesses simply connect their accounting software or business bank accounts and then Fundbox does the rest. Using machine learning technology, Fundbox quickly analyzes the financial data of each applicant, then delivers a credit decision within a few hours. If approved, Fundbox can provide access to up to $100,000 and, customers only pay when funds are drawn. It's as simple as that.

"We are constantly analyzing how we can provide a greater customer experience that sets us apart from other bookkeeping software and services," said Zach Olson, Founder and CEO of Bookly. "Once inside the Bookly platform, our customers are usually looking to understand their revenue and expenses, often times they realize that they could use a quick infusion of cash. It's this use case that made the idea of integrating access to Fundbox credit a compelling one by allowing us to make intelligent recommendations and answer their funding needs."

"The ability to produce, track or manage invoices is vital for maintaining financial stability when you are a small business. And while BillyApp can help our customers to streamline their invoicing processes, no one can control when an actual invoice will get paid," said Joshua Waldman, President and CEO of BillyApp. "Invoices with net terms are great reminders but not a guarantee of payment. Now, when one of our customers is experiencing a cash flow gap due to late payments, they can conveniently access Fundbox if they need a quick cash injection, right inside our app. Fundbox has given us the ability to provide a great new service right when our customers are thinking about their cash flow the most."

"It's a fact that construction is a cash intensive business. So, having access to a business credit or invoice financing can make or break the success of a building project," said Marc Visent, Co-founder and CEO of Knowify. "This is why the idea of integrating Fundbox Fuse made a lot of sense. Now when our customers are planning out or managing a new project, they can access Fundbox credit services in their moment of need instead of having to switch applications and focus."

ABOUT FUNDBOX Our mission at Fundbox is to simplify and improve the way that small businesses pay and get paid. The company uses cutting-edge technology, data science, and common sense to give small businesses greater access and choice to financial solutions that don't initially require a personal credit check.

Fundbox provides credit limits up to $100,000 and can transfer funds as soon as the next business day. Because of us, small businesses across the U.S. have more control over their finances and are better able to succeed and grow. Fundbox is funded by leading Silicon Valley entrepreneurs, finance veterans, and venture capitalists, including Spark Capital Growth, Bezos Expeditions (the personal investment arm of Jeff Bezos), General Catalyst Partners, Khosla Ventures, SV Angel, former CitiGroup CEO Vikram Pandit, and other prominent investors. Fundbox was recently recognized as a Billion Dollar-Startup to watch in 2017 by Forbes.

For more information, please visit www.fundbox.com.

MEDIA CONTACT
Tim Donovan, Corporate Communications
Email: [email protected]
Cell: 510.593.0064

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SOURCE Fundbox

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