FinTech Magazine August 2023 | Page 139

Fundbox
Blend

08

Fundbox

$ 553.5m
Fundbox is a working capital platform that offers credit and payment solutions for SMEs . Based in the tech haven Silicon Valley , Fundbox has generated US $ 553.5m since its founding . Leveraging AI to power its services , the fintech is able to optimise its clients ’ cash flows and expense management systems , offering revolving lines of credit up to US $ 150,000 . Founded in 2013 by Eyal Shinar , the business owner says he was inspired to start Fundbox after seeing his mother struggle with late payments at an employment agency she owned .

07

Blend

$ 665m
Digital lender for supporting and simplifying applications for mortgages , consumer loans and deposit accounts – Blend – sits in seventh on our Top 10 list with $ 665m in total funding . The fintech ’ s solutions for streamlining customer journeys is leveraged by Wells Fargo , US Bank and over 280 other financial service providers . With low-code , drag-and-drop design tools , Blend ’ s services allow financial institutions to easily develop new products for their customers .
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