Fundbox

Get paid for your outstanding invoices - NET-30 Killer

4,7 /5 (64 reviews) Write a Review!

Fundbox Overview

What is Fundbox?

WAITING FOR AN INVOICE TO GET PAID? WE CAN HELP.

Fundbox lets business owners and freelancers get paid instantly for their outstanding invoices.

IS FUNDBOX RIGHT FOR ME?
Our clients tend to be small / medium sized businesses, freelancers & sole proprietors. If your business provides a service or sells to another business and typically issues invoices in order to get paid, then Fundbox is exactly what your looking for. With Fundbox you don't have to wait for your clients to pay, you can free up your cash flow by getting a payment advance based on your outstanding invoices

GETTING STARTED IS SIMPLE
➊ Register in less than 30 seconds, no forms required.
➋ Fundbox connects to your bookkeeping application and pulls in all your outstanding invoices.
➌ Select one or more of your outstanding invoices to fund.
➍ Receive the funds into your bank account instantly.

MONEY IN THE BANK
The funds are sent as soon as you choose an invoice to clear and typically arrives at your bank account on the next business day. The advanced amount and a small clearing fee are paid back over twelve weekly installments. If at any point during the repayment period you decide to pay the balance, Fundbox will waive the clearing fee for the remaining period. You only pay for the time period you that you used the funds.

WORKS WITH...
Fundbox integrates with all major bookkeeping applications: Quickbooks, FreshBooks, Harvest & Xero.

CLIENT REVIEWS
"It took less than a few minutes to obtain short term funding." -- Edwin Warfield, CEO citybizlist.com

“Allowing the small business owner to manage cash flow at the push of a button, is genius!" -- Jan Haugo, QuickBooks ProAdvisor

"I can clear invoices and so it keeps the cash flow steady. Fundbox is one of the best things for small business I have seen." -- Don Hutchings, Owner JunkFX

Fundbox Overview

Pricing

Starting from
N/A

Pricing options

Free Trial
Free
Value for money

Fundbox has no setup fees and no subscription fees, only a per-invoice clearing fee you pay when you choose to fund an invoice.

This fee is determined based on your business’ health and specific invoice properties. ​To give a better sense of specific pricing, the fee for clearing a $1000 invoice ranges from $52 to $72 over 3 months.

Pricing is also based on your Fundbox history, so the longer you use Fundbox and the more invoices you clear, the lower the clearing fee becomes.


Fundbox Features

Devices
Business size
S M L
Markets
United States
Supported Languages
English

Media

Get an Advance Based on Your Unpaid Invoices
How It Works
Your Fundbox Dashboard
Flexible & Friendly Repayment
Fundbox video Fundbox screenshot: Get an Advance Based on Your Unpaid Invoices Fundbox screenshot: How It Works Fundbox screenshot: Your Fundbox Dashboard Fundbox screenshot: Flexible & Friendly Repayment

Fundbox Reviews

Fundbox Reviews

Overall rating
4,7
/
5
Excellent
51

Very good
9

Average
2

Poor
0

Terrible
2

Value for Money
4,5
Features
4,3
Ease of Use
4,6
Customer Support
4,4
94% recommended this app
Brian S.

WHERE HAS FUNDBOX BEEN ALL MY LIFE!!!?

Every small business owner is well aware of the bane of their existence: managing cashflow and playing the revenue game. Clients like to delay payment as long as possible, creditors/vendors want their money NOW. You could go to banks for a line of credit, but banks don't want to talk to you unless you're on your feet. Your only option is to hustle or drown in overdraft fees.

Along comes FundBox who offers advances on unpaid invoices listed my online Harvest account, without the cumbersome (and near-degrading) bank approval process. I have up to 12 weeks to pay off each advance, along with a small fee added each week. I received my first advance this morning via automatic ACH transfer. Likewise, payments are automatically debited from my bank account.

This will save my business.


William ridge L.

Great tool for outstanding invoices, but not for long term.

Overall I believe it's a great idea and a good start, I can't imagine leaving a 5 star review because of a few things. Note: I have only used it a couple times but will list my pros and cons in the respective sections below.


Adam B.

They pester you to use their funding, even if you don’t need it


Larry E.

Fundbox understands small business

I have started up four businesses over the past three decades. I have sold one, and also purchased a couple of businesses as well. Truth be told, as it was in the late 80s, and same now, banks have no clue how to deal with start ups. Fundbox is a great way of getting through tight spots that every small business person has without getting into trouble.


Richard K.

Fundbox is a lifesaver!

Sometime you just need an extra little push to keep things running smoothly or even upgrade and improve your existing services, and Fundbox makes it super easy to do so. More importantly, you can do so without getting yourself stuck in a long-term or high-interest loan that patches things for the moment but ultimately creates major cash flow issues later down the line.


Brian S.
Industry: Computer Software

WHERE HAS FUNDBOX BEEN ALL MY LIFE!!!?

Reviewed on 2014/09/23
Review Source: GetApp

Every small business owner is well aware of the bane of their existence: managing cashflow and playing the revenue game. Clients like to delay payment as long as possible, creditors/vendors want their money NOW. You could go to banks for a line of credit, but banks don't want to talk to you unless you're on your feet. Your only option is to hustle or drown in overdraft fees.

Along comes FundBox who offers advances on unpaid invoices listed my online Harvest account, without the cumbersome (and near-degrading) bank approval process. I have up to 12 weeks to pay off each advance, along with a small fee added each week. I received my first advance this morning via automatic ACH transfer. Likewise, payments are automatically debited from my bank account.

This will save my business.

Pros

Super clean interface, very easy to use. The first advance came immediately as promised (ACH transfer takes 2-3 business days). Signup was easier than expected. My advance limit is $2500, which will increase the more I use the system.

Cons

It may be premature to write this, but I wish the web interface had a screen listing all upcoming payments from my bank account for me to plan.

William ridge L.
Company size: 10 000+ Employees

Great tool for outstanding invoices, but not for long term.

Reviewed on 2015/02/18
Review Source: GetApp

Overall I believe it's a great idea and a good start, I can't imagine leaving a 5 star review because of a few things. Note: I have only used it a couple times but will list my pros and cons in the respective sections below.

Pros

-Easy sign up and integration with HarvestApp (what I use for invoicing among other things).
-Cash direct to bank.
-Option to pay out early and avoid future monthly fees. From what I've seen it's about 5-7% of the total invoice and the fee is split up and added on to each payment, so rarely you will need to pay the full fee unless you actually pay them back over a 3 month period but also having the option to pay out over quite a bit of time if you need those 3 months to pay off the invoice is nice and cheaper than a credit card and obviously a cash advance.

Overall, I'd recommend in hopes they will roll out future (very nice) review

Cons

-Overall, the website has a good design but is lacking a LOT of features - even finding the support/FAQ page was a little hard because it was hidden under my username (visible on click of my username). Also just a lot of open, unused, space. I can think of quite a few things off the top of my head that could take up some space and give users good insights (such as prfileinfo.
-Lack of history and records, total fees paid and total fees avoided, etc.
-Not as 'fast' as they lead you to believe, once you choose to clear an invoice it takes 3-4 business days to hit the bank- compared with Stripe, a built in CC processor in Harvest so clients can pay directly while viewing the invoice, this is a bit longer than usual. Stripe is usually 1 business day if paid before 4-5pm EST.
-Even once the invoice hits your bank, it takes a while if you to edit the payback settings (per invoice) so no matter what you will get a small fee (probably minute) if you chose clear a specific invoice
-If you clear an invoice and the customer pays next day, well you just lost a bit of money during that waiting period.

Adam B.
Industry: Information Technology & Services
Company size: 11-50 Employees

They pester you to use their funding, even if you don’t need it

Used Other for 6-12 months
Reviewed on 2018/07/31
Review Source: GetApp

Pros

Great service when you need and money comes in 1 business day. The ability to borrow money based on pending AR is amazing and gives our business flexibility to use it “when” we “need” it

Cons

I signed for fundbox to solve a problem that “may” come up in the future with delayed AR as we are growing. I signed up for the account and immediately within a few weeks I was being bombarded with calls and emails asking why I haven’t used there service. I told them I will use it if I “need” it, they never once said that it is “required” to use the service. After almost 6 months of signing up, I got a call from fundbox telling me that they’re closing my account because I haven’t “used” their service “yet”.

My conclusion is that they want you to keep using their financing on invoices so they keep making money. It’s an awful business model and a terrible approach to business.

Owe and funny enough their competitor bluevine who I also signed up for an account the exact same time as fundbox haven’t bothered me once. I’ll happily take my business to bluevine.

I would not recommend fundbox, they will pester you just to use the financing so they can make money,

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 0.0/10

Larry E.
Industry: Marketing & Advertising

Fundbox understands small business

Reviewed on 2015/04/06
Review Source: GetApp

I have started up four businesses over the past three decades. I have sold one, and also purchased a couple of businesses as well. Truth be told, as it was in the late 80s, and same now, banks have no clue how to deal with start ups. Fundbox is a great way of getting through tight spots that every small business person has without getting into trouble.

Pros

Fundbox is easy to sign up for, and easy to access. It also takes payments on a weekly basis so you can plan for them. If someone gets in a tight spot for a week, they add the payment on to the back end of the payment plan (normally 12 weeks). One can also pay the loans back early. It is a very good program for small businesses. I highly recommend it.

Cons

Fundbox allows you to build up your relationship with them as you pay back the invoices you clear with them. I would only like to see them be able to clear invoices of a bit larger size.

Richard K.
Company size: 51-200 Employees

Fundbox is a lifesaver!

Reviewed on 2015/02/04
Review Source: GetApp

Sometime you just need an extra little push to keep things running smoothly or even upgrade and improve your existing services, and Fundbox makes it super easy to do so. More importantly, you can do so without getting yourself stuck in a long-term or high-interest loan that patches things for the moment but ultimately creates major cash flow issues later down the line.

Pros

Super easy to clear invoices and you get the money quick so there's no waiting around when time is of the essence. What's more, the interest/fee on the loans are basically non-existent compared to other loans.

Cons

I would prefer to align my Fundbox payments with my income which is bi-weekly (instead of paying FB every week), but that's ultimately a minor inconvenience.

User recommendation
8/10
Based on 64 user ratings
Compare user recommendation rating with alternatives
Compare with alternatives

Fundbox Pricing

Fundbox Pricing

Starting from
N/A
Free Trial
Free
Value for money

Fundbox has no setup fees and no subscription fees, only a per-invoice clearing fee you pay when you choose to fund an invoice.

This fee is determined based on your business’ health and specific invoice properties. ​To give a better sense of specific pricing, the fee for clearing a $1000 invoice ranges from $52 to $72 over 3 months.

Pricing is also based on your Fundbox history, so the longer you use Fundbox and the more invoices you clear, the lower the clearing fee becomes.

Fundbox has no setup fees and no subscription fees, only a per-invoice clearing fee you pay when you choose to fund an invoice.

This fee is determined based on your business’ health and specific invoice properties. ​To give a better sense of specific pricing, the fee for clearing a $1000 invoice ranges from $52 to $72 over 3 months.

Pricing is also based on your Fundbox history, so the longer you use Fundbox and the more invoices you clear, the lower the clearing fee becomes.

Value for Money
4,5/5
Based on 64 user ratings
Compare value for money rating with alternatives
Compare with alternatives

Fundbox Features

Fundbox Features

API
Accounting Integration
Accounting Management
Activity Dashboard
Audit Trail
Automatic Notifications
Billing & Invoicing
Compliance Management
Customizable Reporting
Data Import/Export
Electronic Payments
Expense Tracking
Financial Analysis
Invoice Management
Invoice Processing
Multi-Currency
Real Time Data
Reporting & Statistics
Third Party Integration
Workflow Management
Features
4,3/5
Based on 64 user ratings
Compare features rating with alternatives
Compare with alternatives

Categories

Additional information for Fundbox

Additional information for Fundbox

Key features of Fundbox

  • 100% online. No forms to fill. No hassles
  • Clear invoices as low as $100
  • Clear your first outstanding invoice in less than 24 hours
  • Currently available for US based businesses
  • Fees decrease & credit limits increase with recurring usage
  • Fully online & automated funding and repayment process
  • Invoice dashboard to manage your funding
  • No early repayment fees.
  • No setup fees or subscription fees
  • Only pay for the time period you used the funds
  • Payments are transferred to your bank account in 24 hours
  • Seamless integration with all leading bookkeeping software
  • Select one or more invoices to clear and get paid instantly
  • Works with Quickbooks, Freshbooks, Xero & Harvest

Benefits

GET YOUR MONEY WHEN YOU NEED IT.
★ Easy to use. No forms to fill and no hassles.
★ Choose an invoice and receive an instant payment.
★ Grow your business.
★ Take control over your cash flow.
★ Get paid Net-Now, your clients can continue to pay Net 30, Net 60 etc...
★ Works with Quickbooks, Freshbooks, Xero & Harvest

Fundbox FAQs

Fundbox FAQs

Below are some frequently asked questions for Fundbox.

Q. What type of pricing plans does Fundbox offer?

Fundbox offers the following pricing plans:

Pricing model: Free

Free Trial: Not Available

Fundbox has no setup fees and no subscription fees, only a per-invoice clearing fee you pay when you choose to fund an invoice. This fee is determined based on your business’ health and specific invoice properties. ​To give a better sense of specific pricing, the fee for clearing a $1000 invoice ranges from $52 to $72 over 3 months. Pricing is also based on your Fundbox history, so the longer you use Fundbox and the more invoices you clear, the lower the clearing fee becomes.

Q. What are the main features of Fundbox?

Fundbox offers the following features:

  • 100% online. No forms to fill. No hassles
  • Clear invoices as low as $100
  • Clear your first outstanding invoice in less than 24 hours
  • Currently available for US based businesses
  • Fees decrease & credit limits increase with recurring usage
  • Fully online & automated funding and repayment process
  • Invoice dashboard to manage your funding
  • No early repayment fees.
  • No setup fees or subscription fees
  • Only pay for the time period you used the funds
  • Payments are transferred to your bank account in 24 hours
  • Seamless integration with all leading bookkeeping software
  • Select one or more invoices to clear and get paid instantly
  • Works with Quickbooks, Freshbooks, Xero & Harvest

Q. Who are the typical users of Fundbox?

Fundbox has the following typical customers:

Small Business, Freelancers, Mid Size Business

Q. What languages does Fundbox support?

Fundbox supports the following languages:

English

Q. What type of pricing plans does Fundbox offer?

Fundbox has the following pricing plans:

Free

Q. Does Fundbox support mobile devices?

We do not have any information about what devices Fundbox supports

Q. What other apps does Fundbox integrate with?

Fundbox integrates with the following applications:

Clio, FreshBooks, FreshBooks, Harvest, Harvest, Jobber, OroCommerce, QuickBooks Online, QuickBooks Online Advanced, Xero

Q. What level of support does Fundbox offer?

Fundbox offers the following support options:

FAQs, Knowledge Base, Online Support, Phone Support, Video Tutorials