By: Laura Rosbrow-Telem
Fundbox, a San Francisco and Tel Aviv-based startup that can assess businesses’ credit risk online within an hour and helps credit worthy businesses automatically pay invoices when they experience cash flow problems, announced on Thursday that they have raised $50 million in an equity funding round. This company is one of the fastest startups from Israel in the last few years. Since Co-Founders Eyal Shinar, Tomer Michaeli, and Yuval Ariav launched Fundbox in 2012, they have raised $107.5 million in total funding, including this latest round. Its previous funding round, a $40 million Series B, only occurred six months ago…read more.