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Review of FundBox

Jeremy Gotwals

Overall Experience
Cost
Customer Service
Speed
What does the company do well?
Funbox directly hits at one of the biggest pain points for any small company: revenue generation. They provide an exceptional tool that allows for us to move faster as we wait for clients to pay their tabs. It also allows us to be more flexible with clients, which is beautiful when working to close an important deal with a client you hope to build a long-term relationship with. Fundbox is a much smarter alternative to a traditional loan.
What does the company not do well?
Until recently, my only hangup was the lack of PayPal integration. So, congrats on fixing that, guys! It made me a FundBox client through-and-through. Keep the integrations coming! Add And.Co and We Pay and I'll be clearing invoices every day!
What about the company do you wish you had known before purchasing?
I did my homework beforehand. It ended up being even better than I had imagined. I didn't realize that we would be limited in our FundBox credit at first, but this wasn't a big deal. However, I can see how some users/clients might be disappointed if they think they are about to clear a huge invoice and they can only get an advance of $1k. BUT I actually kind of like this feature as a starting point. For instance, I had a monthly client bail on our contract recently. If I had cashed-in on their invoices in advance, I would be scrambling to cover the loss of that guarantee of their payment. So limiting Fundbox credit is actually a good way for Fundbox to mitigate risk for the user, also!