Fundbox Features List

Fundbox Reviews

Fundbox

Get paid for your outstanding invoices - NET-30 Killer

4.76/5 (62 reviews)
6,330

Fundbox Feature Summary

  • 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

Finance & Accounting Feature Comparison

Most popular features of all Finance & Accounting apps

API (162 other apps)
Accounting Integration (96 other apps)
Accounting Management (96 other apps)
Activity Dashboard (105 other apps)
Auditing (79 other apps)
Automatic Notifications (98 other apps)
Automatic Reminders (71 other apps)
Billing & Invoicing (106 other apps)
Customizable Reporting (78 other apps)
Data Import/Export (82 other apps)
Electronic Payments (91 other apps)
Expense Tracking (102 other apps)
Invoice Management (153 other apps)
Invoice Processing (93 other apps)
Multi-Currency (88 other apps)
Real Time Data (83 other apps)
Receiving (87 other apps)
Recurring Billing (74 other apps)
Reporting & Statistics (91 other apps)
Third Party Integration (88 other apps)

Fundbox Feature Reviews

25 reviewers had the following to say about Fundbox's features:

Julie Dreier

Verified Reviewer

Don't Do Small Business Without Fundbox

2014-10-03

Occasionally my clients need more time to pay their invoices. It's no secret in small business.

Pros

Second day funds, easy terms, simple signup/interface, integrates with most accounting softwares.

Cons

Weekly Payments as opposed to monthly, but way smaller and easier to handle.

Source: GetApp
3 of 3 people found this review helpful
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Fernando Labastida

Verified Reviewer

Just what I needed!

2014-10-27

I had just launched my new content marketing agency, and during that initial period between my first two clients and my next sales goals, cash grew tight due to Net 30 payment terms.

Pros

Low fees, it's run as a Software-as-a-Service (SaaS) offering, it connects directly to my accounting application.

Cons

I've got to build up a track record in order to fund larger invoices.

Source: GetApp
1 of 1 people found this review helpful
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Freddy Mora Silva

Verified Reviewer

Fundbox rocks!!

2015-02-16

I've using FundBox for almost 1 year, and It's helped me with my company funding required. It's easy to use and most of all, available when you really need it.

Pros

Works automatic and let you clear invoices according to your need

Cons

Should consider other payment plans, not only weekly, like bi-weekly or monthly

Source: GetApp
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Jennifer Chesak

Verified Reviewer

Lifesaver!

2014-12-01

As a freelancer, I frequently run into issues with late or delayed payments from clients.

Pros

The no-hassle re-payment structure lets me focus on my business instead of worry about finances.

Cons

There's no way to clear half an invoice if you just want to get an advance on a smaller amount.

Source: GetApp
2 of 2 people found this review helpful
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Brian Sanchez

Verified Reviewer

WHERE HAS FUNDBOX BEEN ALL MY LIFE!!!?

2014-09-23

I received my first advance this morning via automatic ACH transfer.

Pros

Super clean interface, very easy to use.

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.

Source: GetApp
4 of 4 people found this review helpful
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Anonymous
A verified reviewer
Verified Reviewer

Easy way to clear invoices

2015-05-11

With Fundbox, you don't have to pay exorbitant fees or outrageous interest rates to clear the invoices. And when I get the money in, I simply pay it off.

Pros

They interface with multiple online accounting programs.

Cons

It starts off at a $250 limit, which is fine, but most of my invoices are larger than that.

Source: GetApp
1 of 1 people found this review helpful
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Amanda Giles

Verified Reviewer

A Great Asset for Small Businesses

2015-04-24

Fundbox makes it easy and sends frequent reminder about upcoming withdrawls so it's easy to stay on top of things.

Pros

Easy to use. No stress / no hassle

Cons

You can only clear an entire invoice at a time, so you need to have invoices that match the amount you wish to borrow (you can combine multiple invoices to do this too though).

Source: GetApp
2 of 2 people found this review helpful
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Kim Beckford

Verified Reviewer

A Real Safety Net

2014-08-28

FundBox gave me almost immediate access to cash I would not have had otherwise--REAL CASH! I would recommend this for any small business owner with net 30-day invoicing or longer.

Pros

Near immediate access to cash without having to wait 30+ days for payment from clients.

Cons

Too soon to tell.

Source: GetApp
3 of 3 people found this review helpful
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Carlos Uribe

Good Product for Short Term Gaps

2017-04-12

I really enjoyed using FundBox for a short period of time when I was needing some funding in between client payments. The entire system is pretty easy to use, it links both to your bank account and your invoice application.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
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Grace Dutrow

Verified Reviewer

Love me some Fundbox

2014-12-08

Fundbox allows me to continue to pay my developers and bills without a gap in funds or late fees.

Pros

extremely low fees, bi monthly payments keeps things from being too tight.

Cons

Can not use paypal as a payment form, cannot pay fraction of an invoice say half or 1/4.

Source: GetApp
1 of 1 people found this review helpful
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Todd Taylor

Verified Reviewer

Just In Time

2015-01-26

Fundbox helps me to efficiently manage those late payments so I can stay afloat until their payments finally get made!

Pros

Quick Payout after you clear an invoice Low cost repayment fees Manageable weekly payments

Cons

Would like to be able to draw out the payments longer on larger invoices.

Source: GetApp
2 of 2 people found this review helpful
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Larry Eder

Verified Reviewer

Fundbox understands small business

2015-04-06

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

It also takes payments on a weekly basis so you can plan for them.

Cons

Fundbox allows you to build up your relationship with them as you pay back the invoices you clear with them.

Source: GetApp
1 of 1 people found this review helpful
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William Ridge Lawrence

Verified Reviewer

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

2015-02-18

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

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.

Cons

-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.

Source: GetApp
1 of 1 people found this review helpful
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Anonymous
Senior UX Designer (Computer Software company, 5001-10000 employees)
Verified Reviewer

Fundbox is awesome

2014-08-24

It allows you to get your invoices paid immediately.

Pros

Quick service. Money arrives the next day.

Cons

Payments should come once a week.

Source: GetApp
5 of 5 people found this review helpful
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Marty Bhatia

Verified Reviewer

Awesome Service

2014-12-19

The fees are fair for what I'm getting, the payments are easily scheduled.

Pros

Quick payments.

Cons

None.

Source: GetApp
1 of 1 people found this review helpful
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Chavous Camp

Verified Reviewer

Overall good. A little pricey

2014-12-17

Their payment terms are not terribly flexible, and their clearing rate is likely much higher than what you would get from a bank, but they are not really designed to replace a bank.

Pros

Quick approval No bank-style credit applications Quick funding Good web interface "Flexible" repayment - ie you can pay early and avoid fees

Cons

High effective APR if the funding is taken to term (12 wks) No flexibility in timeframe. Terms are 12 weeks, period. You can pay the entire amount early and avoid some of the clearing fee, but there is no other flexibility.

Source: GetApp
2 of 2 people found this review helpful
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Anonymous
Founder - CEO (Computer Software company, 11-50 employees)
Verified Reviewer

we love it, easy to use, flexible, can reduce service costs by paying off sooner - but needs REPORTS

2015-08-26

A simple report that shows the total service fees you paid by date range, and perhaps also showing total amount funded for same date range....that could be exported to excel....would be amazing and i would give them the 5th star on this rating.

Pros

ease of use, improving terms after using for awhile, great customer service.

Cons

needs some reports in order to give it the elusive 5th star on rating.

Rating breakdown

Value for money
Ease of use
Customer support

Time used: 1-2 years

Source: GetApp
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Martha Gilchrist

Verified Reviewer

Much needed service for small startups

2015-03-05

Fundbox has given me the cashflow I desperately needed while waiting on full payment of invoices.

Pros

Easy, fast access to lagging payments. At first I thought the once weekly payment structure was too frequent, but it just helped me understand how to structure my terms differently to receive promt payment from clients.

Source: GetApp
1 of 1 people found this review helpful
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Richard Komatz

Verified Reviewer

Fundbox is a lifesaver!

2015-02-04

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.

Pros

Super easy to clear invoices and you get the money quick so there's no waiting around when time is of the essence.

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.

Source: GetApp
1 of 1 people found this review helpful
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Kyle Van Leuven

Verified Reviewer

Great Product & Service

2014-08-14

Having done software work for an invoice factoring company before I figured that clearing an invoice with Fundbox would be a long and painful process however I think I spent more time when I created my Facebook profile.

Pros

Simply easy to use product Good customer service

Source: GetApp
11 of 11 people found this review helpful
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Zakery Kates

Verified Reviewer

I Love Fundbox

2015-02-27

The user-interface is so clean and easy to use.

Pros

Really helps w/ cash-flow management!

Cons

Not any cons... however, if I had to complain about something, I wish I could repay early on a date that I choose (currently you can repay the full balance but you have to do it on the schedule repayment dates).

Source: GetApp
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Steve Lack

Verified Reviewer

The answer to my invoicing balancing act.

2014-09-18

Fundbox is a really easy to use and inexpensive way to clear invoices allowing me to keep put cash towards business growth, instead of waiting 30 - 60 days for invoices to be paid.

Source: GetApp
3 of 3 people found this review helpful
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Douglas Karr

Verified Reviewer

Simple Solution to Cashflow Issues

2015-01-08

We've spoken to other firms that offered to 'buy our invoices' but it required a long commitment and our clients actually paying a different service than ourselves.

Pros

Dead simple! Automatic deposit and withdrawls, sensible repayment plans, average interest rates.

Cons

None so far!

Source: GetApp
1 of 1 people found this review helpful
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Anonymous
Director of Operations (Professional Training & Coaching company, 11-50 employees)
Verified Reviewer

Extremely happy so far

2016-05-31

This has caused cashflow issues from time to time as we've had to pay expenses for services that we haven't yet been paid for.

Pros

The greatest benefit is that I don't have to chase payment so vigorously and can give our clients more leeway in paying outstanding invoices - which allows me to provide better service.

Cons

I haven't found any as yet.

Rating breakdown

Value for money
Ease of use
Customer support

Time used: Less than 6 months

Source: GetApp
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Erica Wiley

Verified Reviewer

Good Backup

2015-01-27

Historically, we haven't had a hard time with accounts receivable.

Pros

Get money fast without bank applications.

Cons

Payments are weekly.

Source: GetApp
2 of 2 people found this review helpful
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