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Or more simply, the company aims to solve SMBs’ working capital needs through its credit and payments offerings. That same year, the company also opened its Dallas office, now its largest in the U.S., “to capitalize on the talent pool there,” according to Fuloria. The startup, which saw a pandemic-related boost in business, crossed $100 million in annual revenue run rate earlier this year. Since the company launched its first product in 2013, it has “connected with” over 325,000 small businesses and transacted over $2.5 billion in working capital, the executive added. The company then uses those risk assessments to provide tools, such as working capital on tap or the ability to get instant funding against an invoice. The company recently launched Flex Pay, which is designed to provide small business owners with additional payment options and greater flexibility for business expenses. However, to be clear, Fundbox says it offers up to $150,000 in lines of credit. Fundbox is refreshingly transparent about its financials, at least when it comes to revenue.
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