Fundbox Pricing, Features, Reviews & Comparison of Alternatives

Fundbox

Get paid for your outstanding invoices - NET-30 Killer

4.67/5 (64 reviews)

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

Pricing

Pricing options
Value for money
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Devices

Business size

S
M
L

Markets

United States

Supported languages

English
Fundbox screenshot: Flexible & Friendly RepaymentFundboxFundbox screenshot: Your Fundbox DashboardFundbox screenshot: How It WorksFundbox screenshot: Get an Advance Based on Your Unpaid Invoices

Fundbox reviews

Value for money
Features
Ease of use
Customer support
  4.5
  4.3
  4.6
  4.4
Brian Sanchez

WHERE HAS FUNDBOX BEEN ALL MY LIFE!!!?

Reviewed 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.

Rating breakdown

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William Ridge Lawrence

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

Reviewed 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.

Rating breakdown

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Adam Butt

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

Used occasionally for 6-12 months
Reviewed 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
Features
Customer support

Likelihood to recommend: 0/10

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Paul Griffin

Outstanding!

Reviewed 2015-03-06
Review Source: GetApp

I signed up with this service to relieve the pressure of not being able to pay contractors if a client paid late, and I didn't have the funds available. When I signed up, I accidentally entered the WIRE transfer routing number instead of the regular ACH routing number from my check. When I let the support team know, they monitored the transaction, and updated me daily. When it came through as failed, they immediately corrected the information, and resubmitted the deposit. The best part is that they used my Harvest invoicing history as a "guarantor" of sorts. No hit to my beacon score as a credit inquiry!

Pros
INCREDIBLY easy to setup. OUTSTANDING Customer Service.

Cons
A little notice that says "DO NOT USE YOUR WIRE TRANSFER ROUTING NUMBER" on the front-end for people who were moving too quickly like I was. ;) I suppose you could say that paying a fee would be a con, but it's much less than most other services that offer the same thing. The option to make the payments with an account other than the one it was deposited in would be nice, but not absolutely necessary.

Rating breakdown

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Larry Eder

Fundbox understands small business

Reviewed 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.

Rating breakdown

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Fundbox pricing

Pricing options
Free
View Pricing Plans

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

API

Accounting Integration (157 other apps)
Accounting Management (168 other apps)
Activity Dashboard (204 other apps)
Audit Trail (125 other apps)
Automatic Notifications (159 other apps)
Billing & Invoicing (173 other apps)
Compliance Management (172 other apps)
Customizable Reporting (157 other apps)
Data Import/Export (164 other apps)
Electronic Payments (154 other apps)
Expense Tracking (156 other apps)
Invoice Management (220 other apps)
Invoice Processing (142 other apps)
Multi-Currency (152 other apps)
Real Time Data (141 other apps)
Real Time Reporting (123 other apps)
Reporting & Statistics (236 other apps)
Third Party Integration (183 other apps)
Workflow Management (139 other apps)

Videos and tutorials

Additional information for Fundbox

Key features of Fundbox

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

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