SAN FRANCISCO, July 26, 2016 /PRNewswire/ — Fundbox, the leading cash flow optimization tool for small businesses (SMBs), announced today the launch of its iOS mobile app, a tool that will allow existing customers to instantly get paid for their outstanding invoices on the go. The mobile app offers SMB owners the same features as the Fundbox web-based dashboard experience; a convenient one-click invoice financing solution and the ability to manage repayments.
In today’s fast-moving digital age and on-demand culture, consumers and business owners alike expect one-click, end-to-end options. There is an increasing need for more mobile tools to help entrepreneurs manage their businesses wherever they are. According to a 2014 survey, nearly 80 percent of SMBs are consistently relying on three or more mobile apps, and finance management is one of the most commonly used app types among them.1 The Fundbox app allows customers to overcome cash flow gaps more quickly than they would on their browser.
“Our mission has always been to empower small businesses with an easy and convenient way to close their cash flow gaps,” said Prashant Fuloria, Chief Product Officer, Fundbox. “Mobile use is the new norm, and our app offers a more streamlined experience for small business owners to manage their business finances when working outside of the office or away from their computer, through this natural touch point.”
As with the Fundbox dashboard, the company’s app connects with a user’s existing accounting software to render cash flow gaps obsolete at the click of a button. New users can also sign up for Fundbox through the app in just a few seconds.
Fundbox has created a new finance category with its advanced invoice underwriting platform and machine learning capabilities. The company has underwritten more than 39 million invoices and helped more than 30,000 SMBs nationwide.
For more information on Fundbox, please visit www.Fundbox.com and download the free app from the iTunes Store.
Fundbox is the leading platform for small and medium-sized businesses to manage and optimize cash flow. Through its advanced data science and analytics capabilities, Fundbox taps into numerous data signals to assess customers and invoices for risk automatically and instantly. Small and medium-sized business owners are able to unlock capital tied up in outstanding invoices with a single click – funds show up in their bank account in as little as 24 hours. 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 back the company.