San Francisco, CA, Oct. 18, 2018 (GLOBE NEWSWIRE) -- Today Fundbox, a fintech leader dedicated to simplifying the way businesses pay and get paid, announced that Goldman Sachs (NYSE:GS) is recognizing the company’s founder and CEO Eyal Shinar as one of the 100 Most Intriguing Entrepreneurs of 2018 at its Builders + Innovators Summit in Santa Barbara, California.
Goldman Sachs selected Shinar as one of 100 entrepreneurs from multiple industries to be honored at the three-day event. Shinar founded Fundbox in 2013 and has been the driving force taking the company from small group of founders to a team of over 180 with more than 100,000 customers.
Prior to Fundbox, Shinar served as Vice President at Battery Ventures, leading projects, and investments in financial technology, machine learning, and SaaS. Shinar graduated from the special program for outstanding students at the Hebrew University with an LLB in Law and an advanced degree in Finance. He earned his MBA from The Wharton School of Business at the University of Pennsylvania.
“A dynamic economy depends on dynamic entrepreneurs who disrupt industries and occasionally give birth to entirely new sectors,” said David M. Solomon, Chief Executive Officer of Goldman Sachs. “The purpose of Builders + Innovators is to support emerging leaders in their quests to innovate faster in order to grow their ideas. We are pleased to recognize Eyal [Shinar] as one of the most intriguing entrepreneurs of 2018.”
For nearly 150 years, Goldman Sachs has been advising and financing entrepreneurs as they launch and grow their businesses. In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by seasoned entrepreneurs, academics and business leaders as well as resident scholars.
“I am truly humbled to be recognized by Goldman Sachs for this honor when there are so many amazing entrepreneurs who are just as deserving to earn this recognition,” said Eyal Shinar, Founder, and CEO of Fundbox. “At Fundbox, we are working hard to make it easier for businesses to pay and get paid. I’m proud to share this honor with my incredible team.”
About Fundbox
Fundbox is a leading technology platform focused on disrupting the $21 trillion B2B commerce market by building the world’s first B2B credit and payment 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 credit and fraud risk in minutes, Fundbox is reimaging B2B credit and payments products in new category-defining ways.
Since the company’s founding in 2013, Fundbox has raised $140 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.
For more information, please visit www.fundbox.com.