Fundbox, a startup aimed at streamlining the cash flow between businesses, has raised $17.5 million in Series A funding round led by Khosla Ventures and is sporting some impressive names in the field of finance, including former Citigroup CEO Vikram Pandit.
Fundbox acts as a middleman between companies, decreasing the time it takes for invoices to be cleared by fronting the money owed. The company has been operating in a stealth mode while signing up thousands of businesses for its service and already handling tens of thousands of invoices per day, Fundbox claimed.
More about B2b, Business, Small Business, Startups, and Fundbox
Fundbox Looks to Streamline the $74 Trillion B2B Invoice Market
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