Fundbox, an embedded working capital platform for small businesses, announced today that the company has partnered with Galileo Financial Technologies, an open API platform that enables unique and differentiated financial solutions, and MetaBank®, N.A., a leading financial empowerment company, to accelerate its product roadmap and help bring innovative products to market.
Business owners can access Fundbox solutions through embedded experiences with business systems and accounting solutions, or directly through the native Fundbox website and mobile app. Fundbox has unlocked access to over $3B in working capital and connected with half a million businesses on its platform.
“Our new partnership with Galileo and MetaBank enables us to expand and scale payment offerings on our platform,” said Prashant Fuloria, CEO of Fundbox. “We will introduce a number of new Flex Pay capabilities later this year, including a bill pay functionality where customers can make fast and easy payments to third party merchants on the platform.”
“Business owners are increasingly asking for access to payment tools that work as easily and efficiently as those available in the consumer sector–and rightfully so,” said Derek White, CEO of Galileo. “Empowering our partners to meet this emerging demand is a key area of focus for Galileo, and we’re proud to help Fundbox offer their customers more ways to make purchases and manage expenses, enabling owners to spend more time focusing on successfully running their business.”