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Fundbox Reviews & Provider Details

Fundbox Overview

What is Fundbox?

Fundbox is a financial services platform powering the small business economy with innovative credit and payment solutions.

Fundbox Details
Languages Supported
English
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Provider Description

Fundbox leverages deep data analytics to accelerate cash flow and clear invoices for small businesses.


Seller Details
Seller
Fundbox
Year Founded
2013
HQ Location
San Francisco, CA
Twitter
@fundbox
7,596 Twitter followers
LinkedIn® Page
www.linkedin.com
173 employees on LinkedIn®

Greg P.
GP
Overview Provided by:

Recent Fundbox Reviews

Brian C.
BC
Brian C.Small-Business (50 or fewer emp.)
4.0 out of 5
"Fundbox helped"
Unlike other factoring companies, they do not contact your clients.
IM
Ian M.Small-Business (50 or fewer emp.)
0.0 out of 5
"Worst Funding Company For Small Businesses!"
Easy online application process with quick decision making.
Pearl D.
PD
Pearl D.Small-Business (50 or fewer emp.)
0.0 out of 5
"Great until you hit a rough spot"
Cash flow

Fundbox Media

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6 Fundbox Reviews

2.9 out of 5
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6 Fundbox Reviews
2.9 out of 5
6 Fundbox Reviews
2.9 out of 5
G2 reviews are authentic and verified.
Brian C.
BC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Fundbox?

Unlike other factoring companies, they do not contact your clients. Review collected by and hosted on G2.com.

What do you dislike about Fundbox?

They rescinded my account during the pandemic Review collected by and hosted on G2.com.

Recommendations to others considering Fundbox:

Keep your account current. Review collected by and hosted on G2.com.

What problems is Fundbox solving and how is that benefiting you?

It is an invoice factoring company, so they can help with cash flow when people pay late. Review collected by and hosted on G2.com.

IM
President
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Fundbox?

Easy online application process with quick decision making. Review collected by and hosted on G2.com.

What do you dislike about Fundbox?

Not only did we make every payment and complete our loan. They keep doing credit pulls with no way of removing them from or our business account. They will deny you new funds based off of algorithms. Only one person answers the phones and it’s the same person every time. The last reason they did not provide funding was due to “Inadequate performance in related Fundbox account”. So just know if you make all you daily payments on time and pay off your full amount it’s considered “Inadequate performance”. Nothing personal about this company. Just a bunch of robots. Review collected by and hosted on G2.com.

Recommendations to others considering Fundbox:

Shop different lenders first Review collected by and hosted on G2.com.

What problems is Fundbox solving and how is that benefiting you?

Businesses Financing Review collected by and hosted on G2.com.

Pearl D.
PD
Owner
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
Describe the project or task Fundbox helped with:

Cash flow Review collected by and hosted on G2.com.

What do you like best about Fundbox?

After initial setup, funding was in my bank account within three business days, sometimes sooner, making it the easiest way to supplement my cash flow during slow times. Review collected by and hosted on G2.com.

What do you dislike about Fundbox?

The weekly payments can be challenging at times but as long as you don't max out your limit, you can always draw funds to cover a payment. The problem is when you get behind and miss a payment, they WILL NOT work with you. I was with them for six years and never missed a payment until last year and they tried to draw the payment from my personal account, then they would not work with me even though I had continued to make my payments. Review collected by and hosted on G2.com.

What problems is Fundbox solving and how is that benefiting you?

I am no longer using them, and as soon as my balance is paid in full, I am closing my account. Review collected by and hosted on G2.com.

Olga B.
OB
Finance Manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Fundbox?

I like that it was super easy to set up an account with FundBox and I just love the visibility their dashboards provide. FundBox integrates with accounting software as well as links to a company bank account. All together this gives me the ability to easily move funds around. I like that the balance can be repaid early without additional fees. I also find very helpful the ability to draw more funds once a portion of the debt is repaid. Review collected by and hosted on G2.com.

What do you dislike about Fundbox?

What I don't like about FundBox is that it is not that simple to navigate through the account. Every time I need to locate a Balance Statement, I spend quite a lot of time searching for it. I have to go to FAQ multiple times, check every tab on the dashboard and perform other manipulations to find what I need. Review collected by and hosted on G2.com.

Recommendations to others considering Fundbox:

If you are a startup like us and need more financial flexibility when some unforeseen expenses come up, you might find FundBox being a very helpful solution. FundBox integrates with QuickBooks online or desktop, and other accounting software. It also links to a company bank account which gives one the ability to easily move funds around. It is possible to repay the balance early without additional fees as well as draw more funds once a portion of the debt is repaid. Review collected by and hosted on G2.com.

What problems is Fundbox solving and how is that benefiting you?

Great solution for startups which gives us more financial flexibility when some unforeseen expenses come up. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
AI
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Fundbox?

I like that I can get money when I need it to keep my business moving. Review collected by and hosted on G2.com.

What do you dislike about Fundbox?

I think the GUI could use some updating with more reports and options, but I can't find much to dislike. Review collected by and hosted on G2.com.

What problems is Fundbox solving and how is that benefiting you?

The benefits to using Fundbox is that I don't have to wait for my customers to pay me to utilize the funds for other projects, and I don't have to apply for credit from the bank. Review collected by and hosted on G2.com.

Verified User in Marketing and Advertising
UM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
What do you like best about Fundbox?

Fundbox helps you get paid faster, which is amazing for when you have slow-paying clients Review collected by and hosted on G2.com.

What do you dislike about Fundbox?

Repayments are automatically taken from your account weekly, but you know and agree to this upfront along with choosing your repayment schedule Review collected by and hosted on G2.com.

What problems is Fundbox solving and how is that benefiting you?

Cash flow Review collected by and hosted on G2.com.