Fundbox, a cash flow optimization tool platform for small businesses, announced on Friday it has opened a new Dallas-area office in order to support its rapid growth. The company’s location will be in Plano, Texas.
Founded in 2012, Fundbox claims it has built the first machine learning-enabled business capital platform, purposefully designed to accelerate small business payments and credit at scale. The company notably provides a convenient credit solution that seamlessly integrates credit-as-a-service within the existing workflows of other B2B-focused platforms, portals and/or marketplaces.
“At Fundbox, we help democratize access to business credit. We use technology, data science, and common sense to connect small businesses with previously unattainable financial options. With simple registration and a fast, automated application process, Fundbox offers credit limits up to $100,000 and can transfer funds as soon as the next business day. We help thousands of small business owners across the U.S. gain more control over their finances so they can succeed and grow.”
Speaking about Fundbox’s new office, Mayor Harry LaRosiliere, Mayor of Plano, Texas, stated:
“We are truly excited to welcome Fundbox into the Plano business community. The new Fundbox is a company on the cutting edge of technology and their office in our city further validates Plano as the City of Excellence and Innovation. We look forward to seeing Fundbox grow and wish the company our very best!”
Abbie McBride, Vice President of Sales and Operations for Fundbox, went on to add:
“After considering more than 30 cities across the U.S., we selected the Dallas area and, specifically Plano, because of the concentration of banking institutions and, for the incredible workforce talent located there. As Fundbox continues to grow, our Dallas area office will become an important catalyst for our accelerated growth. Looking forward two years from now, our plan is to have as many as 75 to 100 fulltime employees if not more for this new office.”