Posted on August 04, 2022
Fundbox’s system is supposed to be a solution for the known issues with net-30 payment terms: On one side, there’s the buyer, who wants to enjoy convenient payment terms. However, on the other side, there is the seller, who wants to get paid for their services immediately, and is forced to deal with late payments and a sort of uncertainty regarding their economic future, which also prevents the seller from expanding and growing their business.
Fundbox enables the seller (B2B) to receive payment immediately upon invoice, while still giving flexible payment terms for the buyer, just like with credit cards. Among other things, the company is assisted by a pinpoint predictive system that knows how to quickly confirm payments and terms. The company has nearly 200,000 clients in the U.S., who pay a service fee.
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