Allianz X, the digital investment unit of the Allianz Group, announced today an investment in the US-American B2B platform Fundbox as part of a Series C financing round. Headquartered in San Francisco, Fundbox deploys big data analytics, engineering, and predictive modelling to help small businesses optimize their cash flows with outstanding invoices.
 
The investment in Fundbox is Allianz X’s fifth transaction in the Fintech sector. The Allianz X portfolio already includes Wealthsimple, N26, C2FO and the Gojek digital platform.

The Series C round was oversubscribed and raised 180 million U.S. dollars in growth funding for Fundbox. Additionally, the company secured a 150 million U.S. dollars line of credit. Fundbox will use the new funds to further accelerate the growth of its B2B business.

“Fundbox has demonstrated a track record of success in the competitive B2B Fintech market by building the first payment and credit network,” said Nazim Cetin, CEO of Allianz X. “Our investment underscores the belief that Fundbox will continue setting itself apart in e-commerce by employing technologies that allow corporate customers to focus on growing their business. We look forward to collaborating with Fundbox and supporting its continued growth in an expanding 21 trillion U.S. dollars market.”

Founded in 2013, Fundbox uses machine learning models as part of its credit-decision process.

"Currently, the growth of many smaller companies is hampered by uncertain cash flows and outdated payment systems," said Eyal Shinar, Founder and CEO of Fundbox. "Business owners who do not know when outstanding invoices will be paid may have to forego or postpone important investments for their business. This is where our solutions come in. These enable payment management to be optimized on the basis of rapid risk decisions and flexible options. This gives companies more planning security in terms of liquidity and investments. The successful financing round shows that we are on the right track and in a position to further expand our market opportunities."

Fundbox is a leading financial technology company and has launched the world’s first B2B payments and credit 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 quickly analyze transactional data, Fundbox is reimagining B2B payments and credit products in new category-defining ways.

Fundbox has received numerous awards for Fintech innovation including the prestigious Forbes Fintech 50, Forbes Billion Dollar Startup To Watch, Fintech Breakthrough Awards for Best B2B Payments Platform and the Atlas Award for Best Israeli Startup, among others.