San Francisco, CA, April 03, 2019 (GLOBE NEWSWIRE) -- Fundbox, a leading Fintech company dedicated to simplifying the way businesses pay and get paid, today announced that the company has been selected as the winner of the “Best B2B Payments Platform” award by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies, and products in the global FinTech market today.
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2019 FinTech Breakthrough Award program attracted more than 3,500 nominations from across the globe.
“In today’s global economy businesses should no longer be bogged down with slow and inefficient transaction processes that can significantly impede a business’ growth,” said James Johnson, Managing Director, FinTech Breakthrough. “Fundbox Pay is reimagining the way that B2B companies pay and get paid with modern, digital payment processes that deliver the speed, certainty, and convenience of B2C transactions to the world of B2B. Congratulations to Fundbox on their well-deserved 2019 FinTech Breakthrough Award designation.”
As e-commerce continues to move at the speed of light, B2B businesses can no longer remain hostage to latent asynchronous transactions caused by paper checks, invoices and extended terms which disrupt cash flow, delay business deals, and impede growth opportunities. In order to address this issue, Fundbox has developed the first ML ( machine-learning) enabled business capital platform designed to accelerate B2B commerce at scale.
“Once again, we are honored to win our second FinTech Breakthrough Award, this time for Best B2B Payments Platform,” said Eyal Shinar, Founder, and CEO of Fundbox. “At Fundbox, we are committed to revolutionizing the way B2B transactions are conducted. Regardless of selling or buying, all B2B companies deserve a transactional experience that is as fast, seamless and advanced as B2C transactions. We believe our business capital platform is poised to become the dominant solution for the $21 trillion B2B economy.”
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
About Fundbox
Fundbox is a leading business capital platform focused on disrupting the $21 trillion B2B commerce market by building the world’s first B2B payment and credit network. With Fundbox, sellers (of all sizes) can quickly increase average order volumes (AOV) and improve close rates by offering more competitive net terms and payment plans to their SMB buyers. With heavy investments in machine learning and the ability to accurately assess risk in a matter of minutes, Fundbox is reimaging B2B payments and credit products in new category-defining ways.
Since the company’s founding in 2013, Fundbox has raised $150 million from a blue-chip group of investors led by Khosla Ventures, General Catalyst, Spark Growth Capital and Jeff Bezos, and is currently experiencing incredible growth momentum. Twitter: @fundbox.
For more information, please visit www.fundbox.com