Fundbox technology will be available in the Zoho ecosystem to help interested users easily access borrowing options, thereby solving the common cash flow problem many businesses experience due to late payments. Zoho customers approved for Fundbox Credit to access funds tied up in their receivables.
“Cash flow is the lifeblood for many small businesses,” Zoho president Raj Sabhlok said. “The ability to accurately track their finances and project working capital needs is a fundamental advantage when using Zoho Books and Zoho Invoice. Now, our customers can not only recognize cash flow gaps, but get the cash they need from Fundbox in a few clicks and keep their businesses running smoothly.”
“We are thrilled to extend our reach to Zoho’s customers in the U.S. and enable them to solve their cash flow gaps,” Fundbox CPO Prashant Fuloria added. “Fundbox addresses an immediate need: paying small businesses for the work they’ve already done, and is dedicated to providing them with previously unimaginable financial options.”