Podcasts about Fundbox

In today's episode, Kimberly Zhang hosts Prashant Fuloria, the CEO of Fundbox – an embedded working capital platform transforming the way small and medium-sized businesses access and manage capital. With a career spanning leadership roles at Google, Facebook, and Yahoo, Prashant brings deep expertise in product innovation and a passion for empowering SMBs through smarter financial solutions. Tune in to hear about: - What sets Fundbox apart as a seamless, AI-driven embedded working capital platform - How advanced AI and data analytics are reshaping SMB lending - Prashant's personal journey through academia and tech innovation

En este episodio, nos adentramos en el tema del financiamiento inteligente para emprendedores digitales, descubriendo las claves para acceder a capital y escalar proyectos de manera estratégica. Nuestro invitado, Leonel García, presidente de LG Business Capital LLC, cuenta con más de 15 años de experiencia en gestión empresarial y ha ayudado a innumerables emprendedores a obtener los recursos necesarios para hacer crecer sus negocios. Con su conocimiento profundo sobre créditos, préstamos comerciales y gestión financiera, Leonel nos ofrece herramientas prácticas y consejos esenciales para que cualquier emprendedor pueda acceder al financiamiento adecuado y potenciar su desarrollo. Para Leonel, el primer paso para cualquier persona que está comenzando en el mundo digital es construir una base sólida en su crédito personal, resaltando que tener un historial crediticio positivo abre puertas en las instituciones financieras. Nos recomienda que, al abrir una cuenta bancaria en Estados Unidos, los emprendedores hablen personalmente con un business management: “Cuando aplicas para una tarjeta de crédito por internet, la credibilidad es muy baja, y por lo general se niegan esas tarjetas a los usuarios por no haber ese contacto humano”, destaca. La interacción directa con el banco, además, puede facilitar el acceso a líneas de crédito de 20.000 a 40.000 dólares, muchas veces con intereses al 0% por hasta 18 meses, ideal para quienes buscan construir su negocio de e-Commerce sin incurrir en intereses elevados de inmediato. Leonel también subraya las ventajas que hoy ofrece Small Business Administration (SBA), que brinda programas de financiamiento a largo plazo, ideales para emprendedores en crecimiento. “El SBA tiene un programa excelente. Ellos te pueden prestar 50.000 dólares a 10 años y la devolución son con pagos súper bajos”, comenta, detallando que uno de los requisitos es contar con depósitos recientes en la cuenta bancaria que demuestren flujo de ingresos. Para quienes ya han acumulado experiencia en el negocio, SBA puede ofrecer préstamos de hasta 500.000 dólares o más, siempre que el negocio esté consolidado y tenga buenos registros financieros. “Cuando le dices a SBA que quieres consolidar tu negocio, a ellos les encanta y tienes más probabilidad de que te aprueben para que tengas un buen cashflow”, agrega. Para lograr obtener el financiamiento de SBA o cualquier otro banco o financiera, Leonel sugiere llevar una contabilidad clara, por ejemplo, con herramientas como QuickBooks, ya que esto puede facilitar el acceso a financiamiento a través de servicios como Fundbox, que permiten obtener créditos anticipados. “Si gastaste 50.000 dólares en inventario y tienes que esperar dos semanas para que te paguen, es preferible que tengas el capital para reinvertir y al mes duplicar lo que puedes ganar”, señala, remarcando que este tipo de financiamiento asegura un flujo de capital constante sin tener que esperar a los pagos de Amazon, una estrategia que puede ser clave para los emprendedores en crecimiento. Sin embargo, no todas las opciones de financiamiento están disponibles para todos. Leonel enfatiza que el SBA y otras instituciones tienen requisitos específicos, como ser ciudadano o residente permanente de los Estados Unidos, o contar con un porcentaje de socios que cumplan con este criterio si se trata de una empresa con varios dueños. “Es importante que el 51% sean residentes o ciudadanos para que les aprueben el préstamo”, afirma nuestro invitado. Además, recalca que contar con una contabilidad organizada y una estructura financiera clara puede hacer la diferencia al momento de calificar para un préstamo, evitando pagar más de lo necesario por una falta de planificación fiscal adecuada. En conclusión, Leonel nos deja una lección valiosa sobre la importancia de ser estratégico con el financiamiento. Ya sea que estés comenzando tu negocio digital o quieras escalarlo, contar con una estructura sólida en tus finanzas y entender cómo funcionan los diferentes programas de financiamiento te permitirá acceder al capital necesario sin asumir riesgos innecesarios. Con sus consejos, queda claro que obtener capital puede ser el impulso que necesitas, siempre y cuando lo gestiones con inteligencia y visión. Página web: tuayudacomercial.com Youtube: @Tuayudacomercial1 Contacto: +1 407 602 7055

Send us a Text Message.Miguel Armaza interviews Melissa Guzy, Co-Founder and Managing Partner of Arbor Ventures, a global fintech-focused fund with offices across Asia, the Middle East, Europe, and the US. Founded in 2012, some of their portfolio companies include Tabby, TrueAccord, Grab, and Fundbox.We discuss:Melissa's early days as a VC investor at VantagePoint Capital where they navigated the dot com crash and later invested in Tesla's Series ABuilding Arbor Ventures and pioneering fintech investing in China, Southeast Asia, and the Middle EastHow Arbor has successfully generated liquidity from fintech investing in emerging marketsWhy real-time payment networks have the potential to transform fintech… and a lot more!Want more podcast episodes? Join me and follow Fintech Leaders today on Apple, Spotify, or your favorite podcast app for weekly conversations with today's global leaders that will dominate the 21st century in fintech, business, and beyond.Do you prefer a written summary? Check out the Fintech Leaders newsletter and join ~70,000+ readers and listeners worldwide!Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.Miguel on LinkedIn: https://bit.ly/3nKha4ZMiguel on Twitter: https://bit.ly/2Jb5oBcFintech Leaders Newsletter: bit.ly/3jWIp

Scott Treloar, Co-Founder & CEO of Novisicent & FundBox.AI, talks about how their platform leverages technology to cost-effectively provide critical infrastructure to new fund managers, which allows them to get started and attract investors faster. Plus, how the FundBox.AI platform can help fund managers get fully registered and launched in 1 month, vs. the usual 6-12 months, and at a fraction of the usual cost. He shares pitfalls to avoid and key considerations for new managers to be successful.If you'd like to be featured on HedgeInterview, please apply here.For fund managers who'd like to be featured on the Manager Profiles series, please apply here.

Come join us to discover all you need to know about Alternative Funding for Your Business: The Pros and Cons During this livestream, Alternative Funding for Your Business: The Pros and Cons, you'll discover … ✅ How to get alternative funding for your business ✅ Why you might want to use alternative funding ✅ How alternative funding isn't perfect… ✅ ...but is can work better than traditional funding in some situations ✅ What the signs of predatory lenders ✅ How to avoid predatory lenders ✅ How alternative lenders like Accion, Streetshares, Fundbox, and Kiva can help you meet your funding goals even if you don't have a great credit score ✅ Why the Credit Line Hybrid is a great option for flexible, alternative business funding ✅ How to get the Credit Line Hybrid... ✅ ...and how it can help your business grow and thrive WOW, that's a lot of great info we'll be covering in this one hour live event. ALL will be revealed on this livestream Alternative Funding for Your Business: The Pros and Cons, register now… spots are limited!

What is the Elephant in the Room in Banking that comes to mind following the collapse of Silicon Valley Bank (SVB), Signature Bank, First Republic Bank, and recently the Citizens Bank (a small state-chartered Iowa bank)? The problem that bankers and regulators wish someone would solve is the topic of the discussion with serial entrepreneur Michal Cieplinski (founder and CEO of Capstack). Michal Cieplinski discusses Fintech Michal Cieplinski is a Silicon Valley veteran with over 24 years of operating and legal experience in financial technology and services. Before founding CapStack, first integrated operating system for banks, he co-founded Pipe, a unicorn and one of the fastest-growing fintech startups. Prior to Pipe, Michal was Senior Vice President at Lending Club, the largest publicly traded fintech lender responsible for operational and legal matters. Prior to that, he co-founded Fundbox, a unicorn B2B fintech lender. He was also Managing Director and SeniorCounsel at The Bank of New York Mellon responsible for wealth management and investment management units. Michal has been recognized by GC Magazine/Legal500 on the GC Powerlist 2019 as one of the top general counsels in the United States in both the finance and technology sectors. He combines left-brain and right-brain thinking with an MFA in Photography, deep expertise in banking and capital markets, and as a graduate of the George Washington University Law School. Dr. Efi Pylarinou is the No.1 Global Woman Influencer in Finance & the Data conversation by Refinitiv, a Top Thought Leader by Onalytica, and a Top Digital Futurist, Linkedin and Twitter Voice, by Engatica. A seasoned Wall Street professional & a recognized technology thought leader on innovation topics. Founder of Efi Pylarinou Advisory servicing Big Tech, Financial Services and Fintech clients. She strongly believes in building bridges between the old and the new economy. She shares her passion of content creation with her 190,000+ followers on Linkedin and 18,000+ on Twitter. Join her on the social platforms ?https://linktr.ee/Efiglobal See more podcasts here.

What is the Elephant in the Room in Banking that comes to mind following the collapse of Silicon Valley Bank (SVB), Signature Bank, First Republic Bank, and recently the Citizens Bank (a small state-chartered Iowa bank)? The problem that bankers and regulators wish someone would solve is the topic of the discussion with serial entrepreneur Michal Cieplinski (founder and CEO of Capstack). Capstack https://www.capstack.com/Michal Cieplinski   / michalcieplinski   is a Silicon Valley veteran with over 24 years of operating and legal experience in financial technology and services. Before founding CapStack, first integrated operating system for banks, he co-founded Pipe, a unicorn and one of the fastest-growing fintech startups. Prior to Pipe, Michal was Senior Vice President at Lending Club, the largest publicly traded fintech lender responsible for operational and legal matters. Prior to that, he co-founded Fundbox, a unicorn B2B fintech lender. He was also Managing Director and SeniorCounsel at The Bank of New York Mellon responsible for wealth management and investment management units. Michal has been recognized by GC Magazine/Legal500 on the GC Powerlist 2019 as one of the top general counsels in the United States in both the finance and technology sectors. He combines left-brain and right-brain thinking with an MFA in Photography, deep expertise in banking and capital markets, and as a graduate of the George Washington University Law School.

Danielle Shaul was born and raised in Tel Aviv, as an only child with a dog she dearly loved. She has always been passionate about building and creating things, often assembling and disassembling things in her home. She loves to travel, and spent many years in Asia, Europe and in the US. Outside of tech, she likes ceramics and reading - specifically, biohacking, mindset books, or learning to become a better leader. When asked her favorite food, she says her Mom's - who can cook anything well.Prior to her current startup, Danielle had to create home grown solutions for financial workflows - cause back then, when she was at Fundbox, software for these workflows didn't exist. Her and her co-founder clicked over the idea to build the software that she wished she had.This is the creation story of Nilus.SponsorsCipherstashTreblleCAST AI FireflyTursoMemberstackLinksWebsite: https://www.nilus.com/LinkedIn: https://www.linkedin.com/in/danielle-shaul-735b1b92/Support this podcast at — https://redcircle.com/code-story/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this episode of Explore, I sat down with Basile Senesi, the Chief Revenue Officer

Si buscamos financiar un negocio online tendremos que hacer un plan de financiación, que es la herramienta que nos permitirá describir cuáles van a ser las fuentes y los tipos de financiación empresarial que vamos a necesitar en nuestro emprendimiento. Cuando ya tengamos claro cuánto dinero necesitamos para poner en marcha nuestro e-Commerce, entonces debemos estudiar detenidamente cómo financiar nuestro negocio. Existen muchas formas de hacerlo pero, para no cometer errores, en este episodio contamos con la guía de Leonel García, un profesional con más de 15 años de experiencia en gestión empresarial. Actualmente es presidente de LG Business Capital LLC, que brinda préstamos comerciales para organizaciones y proyectos de todos los tamaños y tipos. “Hay muchos programas de préstamos, pero se dividen en dos categorías: De 0 a 2 años y más de 2 años. Cuando la compañía tiene dos años se abren muchas opciones, aunque también depende de cuánto se genere por mes”, describe Leonel, y aclara: “Si vas a comprar equipos que tú conservas, hay un tipo de financiamiento. Para el financiamiento de mercancía ya es diferente”. “Para que no esperes uno o más meses, hay compañías de ‘factoring' que te prestan el dinero, te lo adelantan, y cobran entre el 1 y 3 por ciento, pero la persona ya tiene el cashflow. Hay programas que no son tan formales pero, si la persona quiere tener financiamiento, yo aconsejo que siempre haga bien su contabilidad y se una a ciertas plataformas, como Kabbage y Fundbox, y puede ir pidiendo dinero en varias de ellas”, desarrolla nuestro invitado. Según Leonel, la técnica “más común”, que es “el peor error”, es financiar nuestro negocio con un crédito personal. “El problema es que no fue hecho para financiar compañías. Si tienes una tarjeta de crédito personal y llegas al 30 por ciento, tu crédito se va al piso. Y cuanto más usas tu crédito personal, no lo vas a poder pagar y los bancos te cierran todas las opciones. En cambio, si creas crédito comercial a nombre de tu compañía es todo lo contrario, porque no se refleja en tu crédito personal y, si llega al 100 por ciento, ellos no lo ven mal, porque piensan que estás teniendo buenas ventas y te abren el crédito”, explica nuestro especialista. Por otro lado, existen los famosos préstamos SBA, que son sólo para los residentes o ciudadanos de Estados Unidos. “Se pueden usar para muchas cosas. El préstamo 7(a) del SBA es el más versátil. Aunque es un solo nombre, tiene muchos programas. Si ya tienes un negocio y necesitas financiamiento para seguir adelante, tienes que tener al menos dos años de impuestos ya hechos. Son impuestos con ganancia, pero si se fue a pérdida y fue por depreciación o salario del dueño, eso se suma de vuelta. Puede que alguien esté en cero en los taxes pero cualifique para un préstamo SBA. Aunque quieren ver dos o tres años de taxes que sean estables o que vayan progresando”, comenta nuestro invitado, y agrega: “Lo que mucha gente puede hacer es consolidar las deudas del negocio, porque los de SBA, si es solamente cash, pueden darte 10 años, y si es con bienes raíces pueden darte hasta 30 años y con buenos intereses”. El tiempo de demora para la aplicación de los SBA “depende de la industria, la compañía y cuán complejo es el préstamo, pero es entre tres y cinco semanas”, confirma Leonel. El resto de los créditos tradicionales para un negocio toman un tiempo formal y pueden tardar generalmente de tres a seis meses. Si queremos tener préstamos más rápido, su costo es más caro. “Si puedes esperar un tiempo vas a tener algo más útil, y muchas veces las tarjetas te las dan al 0 por ciento por doce meses, que eso es mejor que cualquier préstamo”, recalca Leonel. Existen algunos tipos de negocios que son mejores que otros para adquirir préstamos. Prácticamente todos pueden hacerlo, “con la excepción de ciertas industrias de alto riesgo, como las de bienes raíces”, afirma Leonel. “Los de e-Commerce no se consideran de alto riesgo, pero lo que ellos quieren ver es una consistencia en las ventas”, sostiene. Cuando decidimos pedir un préstamo, hay ciertas situaciones que debemos evitar porque pueden ser mortales para la empresa. “El primero es que tu cuenta nunca se vaya a menos de cero, es decir, tener un flujo de caja positivo. Todos los bancos miran eso”, asegura nuestro especialista. “Por otro lado, están las tarjetas de crédito. Si el total tiene un 20 por ciento, pero hay una tarjeta pequeña de unos mil dólares que está hasta el máximo, eso te ‘tranca' todo el crédito”, asevera. Otro error que debemos evitar es pedir préstamos para nuestros gastos personales y no para el negocio, y esa situación se complejiza cuando estamos comenzando con una nueva empresa. “Les aconsejo que sigan trabajando mientras forman su crédito o compañía, porque he visto personas que caen en una crisis y luego pedir otro préstamo no va a ser tan fácil”, advierte Leonel. El pedido de un préstamo debe estar acompañado de buenas razones, y la principal es el crecimiento del negocio. “Si las personas ya están en pérdida y saben que no hay rescate, quieren coger más dinero para retrasar lo que es inevitable”, lamenta Leonel, por lo que “uno tiene que ser sincero”: “Si su negocio tiene futuro, hay que conservarlo, sino hay que cambiarlo”, expresa. Asimismo, hay préstamos que no son convenientes para elegir, ya que “son muy agresivos y, si no tienes ayuda, son muy difíciles” de afrontar. Hay préstamos en los que la empresa “firma muchos derechos que los pierden durante el proceso de contrato y sin darse cuenta”. “Esos préstamos son pagos diarios y son bien altos, y el tiempo es muy importante. Hay veces que 30 días es demasiado tarde y hay que accionar rápido”, alerta nuestro invitado. Hay programas cuya especialidad es sacarnos de esos préstamos mediante planes de refinanciación. En el caso de que tengamos varias compañías, tenemos la posibilidad de sacar un préstamo por cada una de ellas, porque mantienen su independencia. “Cada compañía tiene un máximo de 5 millones de dólares para un préstamo de SBA, que puedes coger por partes, pero que no pase los 5 millones de dólares. Si te lo dan este año por 10 años y tu negocio crece, puedes coger otro para el siguiente año hasta los 5 millones”, informa nuestro invitado. Generalmente, para cualquier tipo de préstamo, “los bancos siempre quieren ver que tus ganancias sean 20 por ciento más que tus gastos”. “Si vas a refinanciar, eso va a hacer que tus gastos bajen. Hay personas que adquieren préstamos de SBA y están con las deudas bien altas, porque son pagos muy cortos, pero cuando lo extienden a 10 años, su DSCR es mucho mejor y hace que cualifiquen para más cantidad, si piden que primero se consolide lo que ya deben”, finaliza Leonel. Página web: tuayudacomercial.com Youtube: Tu ayuda comercial

Join us for a conversation with Prashant Fuloria, CEO of Fundbox, a working capital platform for small businesses. Did you know that 82% of small business failures are because of a cash flow gap or a working capital challenge? That's where Fundbox comes in: to create solutions that level the playing field for small businesses and help them succeed. Although automation and user simplicity is essential to their product development, customer engagement is critical to the Fundbox mission to provide relevant solutions that help their customers focus on growing their business. It's clear that Prashant is passionate about what he does and making a difference for his customers. Listen in to learn more!

How can small businesses find success with funding? Prashant Fuloria, CEO of Fundbox, shares his insights on how short periods of reliable funding can boost capital and keep small business owners focused on their crafts. Tune in to learn more about Fundbox's data innovation and how building customer relationships can help customer retention.Tune in to learn:What Fundbox is and how it helps small businesses (1:40)How Fundbox creates strategies to help solve funding problems (15:20)About Fundbox's unique customer loyalty strategy (28:10)IT Visionaries is powered by Salesforce Platform and Dreamforce. Did you know all the very best Dreamforce sessions are available free on salesforce.com/plus ? We recommend watching the Platform and MuleSoft keynote to get the down-low on doing more with less and increasing efficiencies with automation.Mission.org is a media studio producing content for world-class clients. Learn more at mission.org.

On this week's show we discussed big news from the Consumer Financial Protection Bureau, Marqeta, Adyen, Cross River, Andreessen Horowitz, Domain Money, Fundbox, LendingClub and more.

In der Mittagsfolge sprechen wir heute mit Hanna Asmussen, CEO und Co-Founder von Localyze, über die erfolgreich abgeschlossene Series-B-Finanzierungsrunde in Höhe von 35 Millionen US-Dollar. Localyze hat eine Softwarelösung entwickelt, die alle Aspekte der Mobilität von Mitarbeitenden vereinfachen soll. Diese reicht in ihrem Umfang von internationalen Relocations bis hin zu temporären Versetzungen. Die All-in-One Lösung hilft HR-Teams bei den administrativen Herausforderungen, die den steigenden Anforderungen von Mitarbeitenden an die Standort-Flexibilität gerecht werden müssen. Zum Angebotsportfolio gehört somit auch die Automatisierung von Visums- und Anmeldungsprozessen sowie die Unterstützung bei der Einrichtung eines Bankkontos oder dem Abschließen einer Versicherung. Localyze wurde im Jahr 2018 von Hanna Asmussen, Lisa Dahlke und Franzi Löw in Hamburg gegründet. Seit der Series-A-Finanzierungsrunde im Jahr 2021 hat sich der Umsatz des Unternehmens versechsfacht und der Kundenstamm mehr als verdreifacht. Bis 2030 möchte das Unternehmen 100 Millionen Menschen ermöglichen, über Grenzen hinweg zu arbeiten. Nun hat das Software-Startup bekanntgegeben, dass es in einer Series-B-Finanzierungsrunde unter der Führung von General Catalyst 35 Millionen US-Dollar eingesammelt hat. General Catalyst ist eine Risikokapitalgesellschaft, die Frühphasen- und Wachstumsinvestitionen in Unternehmen tätigt, die einen positiven Einfluss auf die Gesellschaft haben. Zum Portfolio gehören u.a. Airbnb, GitLab, Kayak, Deliveroo, Spinny, Snapchat, Qumas, Highfive, Fundbox, Cozy, Big Fish, AiDoc und Stripe. Zudem beteiligten sich u.a. auch der Visionaries Club, der Web Summit Fund, Frontline Ventures sowie Business Angel und CEO von Remote namens Job van der Voort an der Serie B. Das Global Mobility Unternehmen möchte bis Ende des Jahres in die USA und Kanada expandieren und im Jahr 2023 die ersten Länder in Asien erschließen. Neben der Marktexpansion wird Localyze auch stark in die Produktentwicklung investieren, um die Userexperience weiter zu verbessern. Um diese ambitionierten Ziele zu erreichen, initiierte Localyze die Übernahme von Trueplan, welches ein Portfoliounternehmen von Lead Investor General Catalyst ist. Die neu dazugewonnenen Mitarbeitenden aus den Engineering- und Sales-Abteilungen werden das Hamburger Jungunternehmen dabei unterstützen, das Produkt zu verbessern und den US-Markt zu erschließen. One more thing wird präsentiert von OMR Reviews – Finde die richtige Software für Dein Business. Wenn auch Du Dein Lieblingstool bewerten willst, schreibe eine Review auf OMR Reviews unter https://moin.omr.com/insider. Dafür erhältst du einen 20€ Amazon Gutschein.

In this conversation, we chat with Prashant Fuloria – CEO of Fundbox. With decades of experience in payments and monetization, he has served in a wide variety of leadership, operational, and product roles at prominent technology companies. Prior to Fundbox, Prashant served as SVP of Advertising Products at Yahoo, having joined through the acquisition of Flurry, where he was the Chief Product Officer. He also served as Senior Director of Product Management at Facebook, where he led the company's advertising and payment product efforts, and Product Director at Google, where he built their global payment platform and managed all of Google's products for the APAC region. Prashant received a B.Tech. in Chemical Engineering from the Indian Institute of Technology Delhi. He also holds an MA in Business research; an MS in Statistics; a Ph.D. minor in Engineering-Economic Systems & Operations Research; and a Ph.D. in Business, all from Stanford University.

על יזם שהפך למשקיע, ואיך הפגנת אנושיות, פגיעות, ואמפתיה הופכים אותך גם ליזם וגם למשקיע טוב יותר    באותה צניעות וחוכמה שמאפיינת אותו, יובל משתף על הדרך הייחודית של הקריירה שלו על כל פיתוליה, על הקווים והערכים המרכזיים שהנחו אותו להצלחות גדולות וגם להתמודדות עם הקשיים שהגיעו במהלך הדרך, על המקום של מזל לעומת נתונים טובים בהגעה לתוצאות והצלחה, ומה קורה כשדברים לא הולכים לפי התכנית - בקריירה ובחיים האישיים - "דברים בדרך כלל לא הולכים לפי התכנית. זה עקרון מנחה בקריירה - 'בתאוריה אין הבדל בין תאוריה ופרקטיקה, אבל בפרקטיקה זה לא נכון."

In der Mittagsfolge begrüßen wir heute Julian Lindinger, Co-Founder von PowerUs, und sprechen mit ihm über die erfolgreiche Finanzierungsrunde in einer Gesamthöhe von 10 Millionen US-Dollar. PowerUs hat eine Karriereplattform entwickelt, um technische Fachkräfte aus Ausbildungsberufen dabei zu helfen, ihr Karrierepotential zu entfalten. Dafür bringt die Plattform die qualifizierten Arbeiterinnen und Arbeiter mit Unternehmen zusammen, indem sie eine Kombination aus einem sozialen Netzwerk für Geschäftskontakte und einem Jobportal darstellt. Zudem wurde ein erster kostenloser Online-Kurs gestartet, mit dem Expertinnen und Experten eines anderen Fachgebiets der Einstieg in die Solarbranche ermöglicht werden kann. Weitere Online-Kurse sind bereits in Planung. PowerUs wurde im Jahr 2019 von Julian Lindinger und Konrad Geiger in Berlin gegründet. Das Startup beschäftigt mittlerweile 40 Mitarbeitende und möchte weiterhin personell wachsen. In einer Series-A-Finanzierungsrunde hat das Berliner Startup nun 10 Millionen US-Dollar eingesammelt. Der Risikokapitalgeber General Catalyst, der u.a. Airbnb, Canva, GitLab, Hive, Big Fish (Exit), Hubspot (Exit), Snap (Exit), Almanac, Anduril, Blade, Casana, Cityblock, Cozy, Empathy, Fundbox, Fractyl, Hometap, PathAI, Rapyd, Snackpass, Deliveroo und Stripe in seinem Portfolio hat, führte die Finanzierungsrunde an. Der Wagniskapitalgeber HV Capital, der u.a. in Delivery Hero, Hello Fresh, Zalando, Penta und Flixbus investiert hat, sowie das US-amerikanische Gründerzentrum Y Combinator haben sich ebenfalls als Bestandsinvestoren an der Serie A beteiligt. Des Weiteren haben sich auch Business Angels, wie u.a. Carsten Thoma, Mathis Büchi Ginzbourg, Philipp A. Pausder, Tomer London, Ben Shanken und Christian Hülsewig den VCs angeschlossen. Unter den investierenden Angels befindet sich auch Mario Götze, der u.a. bei Finanzierungen der Startups Pile, Knowunity, Virtex Stadium, Junto, Freeverse.io, Fancurve, Codesphere und Meine Erde beteiligt war. Mit dem frischen Kapital möchte das Berliner Startup hauptsächlich neue Talente einstellen und sein starkes Wachstum weiter voranbringen.

Welcome loyal listeners to another episode of The Loyalty Minute, I'm your host Rob Gallo and today I am excited to chat with Prashant Fuloria. Prashant became CEO of Fundbox in 2020, after serving as COO and CPO. He joined Fundbox in 2016 from Yahoo, where he was SVP of Advertising Products. Prashant came to Yahoo through the acquisition of Flurry, then the world's largest mobile analytics platform, where he was CPO. Before Flurry, he was Senior Product Director at Facebook, responsible for advertising products and monetizing the Facebook platform. Prior to that, Prashant was an early product leader at Google where he built the company's global billing and payment network and ran all products for the APAC region. Please welcome to the show Prashant, thanks for joining me For those loyal listeners out there who don't know who you are or what you do, perhaps you can share a bit of your story and background. --- Send in a voice message: https://anchor.fm/rob-gallo/message

Hany is a Product Lead at Fundbox, a fintech company providing an embedded working capital platform for small businesses in the US market. She currently leads two of the company's core product domains: the customer experience and journey of Fundbox's credit products, as well as Fundbox's innovative Payments products, focusing on B2B Buy Now, Pay Later solutions. Hany's passionate about building new products and exploring innovations that drive more engagement, delight customers, and establish product market fit. Hany lives in Tel Aviv with her partner, daughter and furry daughter. When she's not busy solving customer needs, Hany enjoys crossfit, surfing, hiking and traveling.

Marten Abrahamsen, CFO of FundBox says that small business resiliency can help us weather these challenging times. He gives tips for surviving in a recession and funding your business cash flow - https://www.smarthustle.com/fundbox-tips

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: How Fintech is Solving the Unique Needs of Freelance Workers. Speaking at this session are Oz Alon, Honeybook, Jared Kogan, Giggle Finance, Kristen Anderson, Catch, Lilac Bar David, Lili with Nicole Casperson, Workweek.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: Creating a Virtuous Fintech Ecosystem for Small Businesses. Speaking at this session are Rob Daniel, Intuit, Cetin Duransoy, Fundbox, Luke Voiles, Square Banking, Tui Allen, Shopify with Moderator: Brock Black, Lendio.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: Fintech and The Coming Explosion in B2B eCommerce. Speaking at this session are Alek Koenig, Settle, Ashish Jain, Slope, Manolo Atala, Fairplay, Scott Galit, Payoneer with Moderator: Jacob Haar, CIM.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: SMB lending: Adapt to succeed. Speaking at this session are Robin Smith, Mambu, Chris Scislowicz, Accenture,  with Moderator: Glenn Goldman, Plurall.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: Using Data in New Ways For Better Loan Decisions. Speaking at this session are Pete Lord, Codat, Adrian Congiu, Silicon Valley Bank,  with Laurent Nizri, Paris Fintech Forum.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: Lending to Micro-businesses: The Most Underserved SMB Market. Speaking at this session is Sean Salas, Camino Financial,  with Moderator: Jacob Haar, CIM

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: The State of Small Business Lending Post Pandemic. Speaking at this session are Ryan Rosett, Credibly, Jim Granat, Enova,  with Moderator: Denada Ramnishta, Lendio.

This recording is from Fintech Nexus USA (formerly known as LendIt Fintech USA) held at the Javits Center in New York City on May 25-26, 2022. It is from the track: SMB Fintech: New Solutions for Lending & Banking - Sponsored by Fundbox and is titled: BNPL for Business: A Massive and Complex Opportunity. Speaking at this session are Prashant Fuloria, Fundbox, Vanessa Colella, Visa, Jason Lakey, TransUnion, Jann Parish, GLU Girls Like You with Moderator: Peter Renton, Fintech Nexus.

Today on the Future of Fandom, we explore an explosion of entrepreneurialism. On this episode, we chat with Fundbox about how to build and retain communities of small businesses and its similarities with consumer efforts via their Head of Brand and Content Marketing, Cameron Maxwell. Think about it for a moment. How many people that you know, have started up a side hustle over the last few years? The truth is, small business is on the rise, and Cameron has a front seat as to how those businesses are being built and supported. We also talk about how to market when small businesses and consumers become indistinguishable. After all, on the small side of small business, we're essentially just talking about people. Thus, a fandom can be achieved even in a B2B context, and Cameron explains how. So let's all put on an entrepreneurial hat and predict the future with Fundbox and Cameron Maxwell. Check out The Future of Fandom, a podcast by LiveLike, wherever you get your podcasts. We hope that you become a fan! Join the podcast! https://livelike.com/podcast/ Learn more about LiveLike: https://livelike.com/ Follow on LinkedIn: https://www.linkedin.com/company/livelike/ Follow on Twitter: https://twitter.com/LiveLikeInc Hosted by Adam Conner. The Future of Fandom is powered by Authentic Avenue.

In this episode, we speak with Prashant Fuloria, CEO of Fundbox, a financial platform for small businesses.  The company has connected with nearly 300,000 businesses, unlocked over $2 billion in working capital, and invested over $100 million into its AI platform, gaining deep insights into the small business ecosystem. Fundbox is backed by Khosla Ventures, General Catalyst, Healthcare of Ontario Pension Plan, MUFG Innovation Partners, BNY Mellon, Allianz, and others. Prior to joining Fundbox as COO in 2016, Prashant served as SVP, Advertising at Yahoo! and Chief Product Officer at Flurry.  He was also the Senior Director of Product Management at Facebook and a Product Management Director at Google. We hope you enjoy the show.

Shannon Ross is the co-founder of D's Trucks trucking company and founder and executive director of The Community, an organization dedicated to fostering and showcasing the successes, humanity, and agency of people with criminal records. Through D's Trucks and his community-building initiatives, Shannon's goal is to destigmatize individuals who are system-impacted and previously incarcerated and support their efforts to build fulfilling lives and achieve their dreams. On the podcast, Shannon shares his approach to business and leadership. He provides invaluable advice for entrepreneurs who are system-impacted and employers who may not have considered exploring this untapped pool of workforce talent.  Find Shannon on LinkedIn: https://www.linkedin.com/in/shannon-ross-b0378717a/ Learn more about The Community: https://thecommunitynow.us/ Explore how your organization can benefit from awareness training regarding system impacted employees in the workforce: https://paradigmshyft.org/

The contemporary business world depends on in-depth and high-quality data analysis. But it seems like many departments don't have adequate time or tools to focus on data.In a study conducted by Mosaic, only 14% of surveyed finance leaders said they used cohort analysis. Therefore, it is critical to determine the reasons behind this small percentage and offer solutions.In this episode of The Role Forward, host Joe Michalowski welcomes Steve Groccia, the Head of Customer Operation at Mosaic. Steve and Joe discuss the reasons finance leaders don't use cohort analysis. Steve also explains the difference between segment-based and time-based cohort analysis and the steps in the process. Guest-at-a-Glance

Randi Lee is the head of product marketing at Fundbox shares how to build a mighty product marketing team and how to pursue a product marketing career and more! TIPM is produced by Feedback Loop, the research platform designed for products and marketing teams. Get access at https://go.feedbackloop.com/start-free-now-tipm to a free trial today. 

Our guest today is the Chief Operating Officer of Fundbox, Cetin Duransoy. In this role, Cetin is responsible for managing and growing the core credit business, as well as building and expanding the company's product platform. Cetin joined Fundbox from Visa, where he served as the company's Head of Global Installment Products and led a […] The post Ep. 204 – Fundbox COO, Cetin Duransoy appeared first on COO Alliance.

Our guest today is the Chief Operating Officer of Fundbox, Cetin Duransoy. In this role, Cetin is responsible for managing and growing the core credit business, as well as building and expanding the company's product platform. Cetin joined Fundbox from Visa, where he served as the company's Head of Global Installment Products and led a […] The post Ep. 204 – FundBox COO, Cetin Duransoy appeared first on COO Alliance.

Michal Cieplinski is the Chief Business Officer at Pipe. He has also spent time as General Counsel and CCO at Fundbox as well as a Senior VP at Lending Club, among other roles.He describes himself as a lawyer who has never really been a lawyer - meaning that “no” is a rare answer for him to give his fast-moving colleagues.In this episode, we discussed the important role that a CBO plays at a high growth tech company. Michal shares tips on building legal teams, hiring speed for the rest of the org , and why you should hire for a plan, not a problem.For anyone thinking deeply about their team's legal function, this should be a great one.____Execs is a show for founders, operators, and pioneers who want to understand the playbooks, frameworks, and tactics that leading tech companies today have used to scale. Share your thoughts with us on Twitter:Hosted by: @eriktorenbergGuest: @m_cieplinskiProduced by: @jacksonsteger

Michal Cieplinski is the Chief Business Officer at Pipe. He has also spent time as General Counsel and CCO at Fundbox as well as a Senior VP at the Lending Club, among other roles.He describes himself as a lawyer who has never really been a lawyer - meaning that “no” is a rare answer for him to give his fast-moving colleagues.In this episode, we discussed the important role that a CBO plays at a high growth tech company. Michal shares tips on building legal teams, hiring speed for the rest of the org , and why you should hire for a plan, not a problem.For anyone thinking deeply about their team's legal function, this should be a great one.---Execs is a show for founders, operators, and pioneers who want to understand the playbooks, frameworks, and tactics that leading tech companies today have used to scale.  To engage further:Check out the On Deck job boardShare your thoughts with us on Twitter:Hosted by: @eriktorenbergGuest: @m_cieplinskiProduced by: @jacksonstegerBrought to you by: @beondeck

Welcome to the Tearsheet Podcast. I'm Tearsheet editor in chief, Zack Miller. Many of the firms we cover are moving towards becoming a one-stop-shop for their customers. Looking to deeply service their constituency, they're converging on becoming banks – whether or not they actually have a license. At least, they look and smell like banks. Fundbox, a provider of financial services to small businesses, isn't necessarily going that route. It's staying particularly focused on serving its clients' cash flow needs with working capital – so it goes beyond what a traditional lender might do. But it's not taking the plunge fully into banking. The firm's CEO Prashant Fuloria joins me on the podcast to talk about how SMBs are coping with the pandemic's challenges and how Fundbox has evolved to serve them. We also catch up on where the firm is in its own growth cycle. Fundbox has grown – it surpassed a $100 million run rate last year and raised $100 million in a Series D round, valuing the company over a billion dollars. Lastly, we look out into the future to see what Fundbox is cooking up. Here's my conversation with Fundbox CEO, Prashant Fuloria.

In unserem monatlichen Überblick kommt hier unsere News-Rückschau für den Dezember 2021.

בפרק אירחנו את דימה ברוסלבסקי, VP Engeneering ומוביל את הפעילות הטכנולוגית ב Fundbox. דימה נשוי לאילנה + 2, גר ברמת גן, בוגר 8200. לאחר תקופה שעבד ב-ScaleMP שעסקה בתחום הוירטואליזציה ונמכרה לאחרונה ל-SAP, יובל אריאב (שותף-מייסד ולשעבר ה-CTO בפאנדבוקס), שהיה מפקדו בצבא, משך אותו לפאנדבוקס. בתחילת הדרך עסק בעולמות ה-DevOps והתשלומים, בהמשך בנה צוות בתחום ניהול ההלוואות. לאחר 4 שנים התקדם והפך להיות הארכיטקט הראשי בחברה למשך שנתיים וחצי. בשנתיים האחרונות משמש כ- VP Engeneering בחברה.    פאנדבוקס (Fundbox),  יוניקורן פינטק ישראלי, הוקמה ב-2013 על ידי אייל שנער, יובל אריאב ותומר מיכאלי. החברה מונה למעלה מ-310 עובדים, מתוכם יותר מ-150 בישראל, ופועלת בתחום האשראי לכלכלת העסקים הקטנים. פאנדבוקס מספקת אשראי לעסקים אל מול חשבוניות לפירעון עתידי, כשהיא פועלת מול בעלי עסקים וספקים כאחד. החברה גייסה קרוב ל-400 מיליון דולר, ולאחרונה דיווחה כי חצתה את רף 100 מיליון הדולר ARR.    דיברנו על פינטק והבעיה שפאנדבוקס פותרים ללקוחות, איך הופכים ממפתח ל vp, קידומים וקידומים רוחביים, הלוואות, עסקים קטנים, השארות בחברה אחת לאורך זמן ועוד המון דברים.   לעמוד המשרות של פאנדבוקס >> https://bit.ly/3otuEnZ   מוזמנים לדבר איתנו ולהמשיך את השיחה עם האורחים: פייסבוק: https://www.facebook.com/groups/317227522012977/  טוויטר: https://twitter.com/hitechproblems  אינסטגרם: https://www.instagram.com/hitechproblems/  וגם בטיקטוק: https://www.tiktok.com/@hitech_problems

The biggest #fintech stories of the week featured Jack Dorsey. Square, Capital One, New York Community Bank, Figure, David Marcus, SoFi, Thought Machine, Fundbox and more.Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

Randi is in year two of leading PMM at Fundbox, a company whose mission is to help small businesses manage outstanding receivables and get paid on time. Randi and JD discuss her passion for being a part of companies that are moving from adolescence to maturity, how she has built and scaled her PMM team, managed cross functional relationships, gained headcount, allocated each individual, and showcased a spirit of entrepreneurship. Connect with Randi on LinkedIn.Join Randi on Sharebird.Questions covered in this interview: What is it like to own product marketing? What do you look for in a company/team/role? How did you evaluate the risk of a new role? What are some of the challenges early on? What about now? What are some of the thrills (highs) and chills (lows) of your product marketing career?

It's easy to imagine politicians and traditional lenders as old school Chatty Kathy dolls… you pull the string and utterances about the importance of small business come out of their mouths. You might hear: “Small businesses are the foundation of this country,” or, “small businesses are America's engine.” There's a reason that politicians, and lenders like banks, at least pay lip service to the importance of small businesses. It's because there are 31.7 million small businesses in the United States and they comprise 97.5 percent of exporters. Small businesses are America's economic engine — that's a fact. But, historically, they have had difficulty securing money from lenders. Oftentimes, they aren't really acknowledged at all by the big banks and if they are, they are treated as economic tools for growth rather than as equals. But what if a fintech company came along that respected small businesses as partners; that quickly and accurately measured them for their true value, and then worked to efficiently provide them the resources they needed, even before they actually needed it? Cetin Duransoy is the Chief Operating Officer at Fundbox, which he describes as a fintech company that has small business etched into its genetic code. It serves almost 300,000 clients and uses the power of digitization, data science, and A.I. to form relationships with small businesses and ensures that they have the loans and lines of credit they require to operate successfully. Even though many politicians and lenders extol the virtues of small businesses, what is Fundbox's special X factor that helps it not only talk the talk but walk the walk? What is it that keeps Fundbox in that pocket seeing itself as a tool for clients rather than clients as a tool for the company? Find out on this episode of Business X factors.Main takeaways: Partners are the Key: Strong partnerships with other companies or small and medium-sized businesses can help to scale businesses to new levels. For startups that tend to have a solid grip on innovation but struggle to reach key markets, it is important to have partners. A McKinsey study identified principles for successful partnerships, such as commitment and attention on both sides; bridging cultural and technological differences; pilot projects to find the sweet spots; key performance indicators should be defined and monitored; and, the focus should be on joint product development rather than general programs. The Little Mistakes Matter: Charlie Munger of Berkshire Hathaway said in one of his shareholder letters, “It's remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid.” CEOs often focus on avoiding the big mistakes, but it is not just about avoiding the whoppers; it is execution or avoiding mistakes at every level, including at the micro-level that affects customers' experience. Solving issues or ensuring execution at micro-levels do contribute to success or failure. Getting them right can lead to something greater down the road. Work Back from Customers' Needs: Many companies figure out what to do next by building on what they're really good at doing. George Bezos called it a “skills-forward approach” in one of his shareholder letters. The skills-forward approach says, “We are really good at X. What else can we do with X?” But this approach would not lead to developing fresh skills and give customers what they really want. To take your business to the next level, start by thinking about what customers want or need, and work backward to determine what you can build. When Amazon developed the Kindle, the company used this approach, hiring people with the right skills to engineer a device that customers needed rather than creating a product out of their existing skills. ---Business X factors is produced by Mission.org and brought to you by Hyland. For over a decade, Hyland has been named a Leader in the Gartner Magic Quadrant for Content Services Platforms, leading the way to help people get the information they need when and where they need it. More than half of 2019 Fortune 100 companies rely on Hyland to help them create more meaningful connections with the people they serve. When your focus is on the people you serve, Hyland stands behind you. Hyland is your X factor for better performance. Go to Hyland.com/insights to learn more.

IN THIS EPISODE, WE COVER: [2:03] – Intro to Basile Senesi [3:22] – Aligning personal success with a company's success [4:37] – Different learning principles [5:10] – Diversity of opinion [9:17] – Basile's biggest lesson learned [9:50] – The importance of tough conversations [12:29] – Basile's hardest decision [16:04] – Assuming positive intent  MORE ON BASILE:Basile Senesi is the Chief Revenue Officer at Hum Capital. Prior to Hum, he spent 10 years in fintech as VP of Sales and Operations for Fundbox helping it reach a $1.5B valuation, as a sales leader at Intuit, and as an advisor to a number of high-growth startups. Basile holds two bachelor's degrees in economics and political science degrees from the University of California, Davis.MORE ON RAMPED: Check us out at www.rampedcareers.com Interested in becoming a Ramped Professional? Sign up here: https://rampedcareers.com/candidate-form/ Interested in becoming a Ramped Corporate Partner? Email us at sales@rampedcareers.com

Rose Zhong Punkunus has had an eclectic career over the years: software developer in finance, pursuing a PhD in economics, founding a girls' entrepreneurial non-profit, and data scientist for some major Silicon Valley companies. The one thing that has guided her decision-making: paying attention to that feeling that “something” could work better. But how does Rose reconcile that “feeling” with her data-driven training? We discuss that and more in this episode of Educative Sessions. Watch the YouTube HERE: https://youtu.be/4EjXC6qm5pc ABOUT OUR GUEST   Rose Punkunus is the Founder and CEO of Sudozi, a software platform to help finance teams collaborate with business partners on procurement and budgets. Previously Rose was CFO at ScaleFactor, VP Finance at Fundbox, and Regional CFO for the US & Canada business at Uber. Rose has an undergraduate degree in Economics from MIT and MBA from UCLA Anderson. Don't forget to subscribe to Educative Sessions on YouTube! ►► https://www.youtube.com/c/EducativeSessions   ABOUT EDUCATIVE   Educative (educative.io) provides interactive and adaptive courses for software developers. Whether it's beginning to learn to code, grokking the next interview, or brushing up on frontend coding, data science, or cybersecurity, Educative is changing how developers continue their education. Stay relevant through our pre-configured learning environments that adapt to match a developer's skill level. Educative provides the best author platform for instructors to create interactive and adaptive content in only a few clicks.   More Videos from Educative Sessions: https://www.youtube.com/c/EducativeSessions/   Episode 85: "Balancing That 'Feeling' with Data-Driven Career Decisions" with Rose Punkunus of Sudozi | Educative Sessions   Likes Share

בפרק של השבוע ראיינתי את אביעד (אבי) איל, מייסד ושותף-מנהל בקרן אנטרה קפיטל (Entrée Capital), המנהלת למעלה מ-650 מיליון דולר בשש קרנות והשקיע במאות חברות סטארטאפ בכל העולם, ובין היתר בסטארטאפים ישראלים וגלובליים מצליחים כמו monday.com, Riskified, Rapyd, Cazoo, Coupang, Snapchat, Breezometer, Deliveroo, Fundbox, Glovo, Postmates ורבים אחרים.  שוחחתי עם אבי על הרקע שלו כיזם ומשקיע סדרתי ועל האופן בו הוא מאתר יזמים מצליחים עוד בשלבים המוקדמים, וספציפית - על ההשקעה הראשונה שלו במאנדיי.קום, ועל מדוע הימר על החברה פעם אחר פעם כאשר משקיעים אחרים לא היו מעוניינים להשקיע בה. ** (*) תודה לחברת מיקסטיילז, סטארטאפ המציע אפליקציה שבאמצעותה ניתן לרכוש תמונה מודפסת וממוסגרת לתלייה, מתוך מאגר התמונות האישי בסמארטפון (https://mixtiles.com/), אשר ממשרדיה אנו מקליטים את הפרקים שלנו. (*) עקבו אחרינו ב"עוד פודקאסט לסטארטאפים" וקבלו פרק מדי שבוע (טוב נו, כמעט): עוד פודקאסט ב-Spotify: https://open.spotify.com/show/0dTqS27ynvNmMnA5x4ObKQ אפל פודקאסט: https://podcasts.apple.com/podcast/id1252035397 גוגל פודקאסט: https://bit.ly/3rTldwq עוד פודקאסט - האתר שלנו: https://omny.fm/shows/odpodcast ה-RSS פיד שלנו: https://www.omnycontent.com/.../f059ccb3-e0c5.../podcast.rss See omnystudio.com/listener for privacy information.

Anirudh Singh sits down with Prashant Fuloria, CEO of Fundbox. In this episode they discuss: - Prashant's early career with big tech companies - Navigating SMB lending during the covid-19 pandemic - The SMB recovery by sector - Fundbox's new products, including Flex Pay And much more! Prashant Fuloria: Prashant Fuloria is Chief Executive Officer of Fundbox. With decades of experience in payments and monetization, he has served in a wide variety of leadership, operational, and product roles at prominent technology companies. Prashant's previous leadership roles at Fundbox include Chief Operations Officer and Chief Product Officer, where he led various parts of the business, including core tech functions, product marketing, collections, support, and HR. Prior to joining Fundbox, Prashant served as SVP of Advertising Products at Yahoo, having joined through the acquisition of Flurry, where he was the Chief Product Officer. He also served as Senior Director of Product Management at Facebook, where he led the company's advertising and payment product efforts. Prashant also held the role of Product Director at Google, where he built their global payment platform and managed all of Google's products for the APAC region. Prashant received a B.Tech. in Chemical Engineering from the Indian Institute of Technology Delhi. He also holds an MA in Business research; an MS in Statistics; a Ph.D. minor in Engineering-Economic Systems & Operations Research; and a Ph.D. in Business, all from Stanford University. For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech LinkedIn: www.linkedin.com/company/wharton-fintech-club/ WFT Twitter: twitter.com/whartonfintech Anirudh's Twitter: twitter.com/avsingh_24

Welcome to Surviving Tomorrow, a podcast, newsletter, and publication that helps you navigate life in an age of democratic destruction, ecological collapse, and economic irrelevance, available for FREE on Substack, Spotify, Apple Podcasts, Facebook, and Youtube.Jeff Bezos controls Amazon. And Whole Foods. And The Washington Post. And IMDB, Zappos, Souq, Blue Origin, Kiva Systems, Alexa, DPReview, Fabric.com, Woot, Goodreads, Twitch, Audible, Elemental, Quidsi, Annapurna Labels, Accept, Living Social, Twilio, HomeGrocer, Bill Me Later, eZiba, BankBazaar, Kozmo, Ionic, Songza, and Wine.com. Plus he has VC stakes in Lookout, Juno, Grail, Workday, Vessel, Domo, Fundbox, Stack Overflow, Everfi, Remitly, Rethink Robotics, General Fusion, MakerBot, Unity Biotech, General Assembly, Business Insider, Google, Uber, Airbnb, and Twitter. And he's working on acquiring MGM. Plus he owns at least eight mansions and 100,000+ acres, a bunch of penis-shaped rockets, and a $500,000,000 hyper-yacht.Bernard Arnault controls LVMH, which has swallowed more than seventy of its competitors, including Dior, Fendi, Givenchy, Dom Pérignon, Loius Vuitton, Moët & Chandon, Marc Jacobs, Stella McCartney, Loro Piana, Princess Yachts, Bulgari, Sephora, and Tiffany & Co.Warren Buffett's Berkshire Hathaway owns massive chunks of nearly fifty companies including Apple, Amazon, Amex, Bank of America, Chevron, Kraft, Mastercard, Sirius, Visa, Wells Fargo, P&G, Johnson & Johnson, Dairy Queen, Fruit of the Loom, GM, Merck, T-Mobile, GEICO, and Coca-Cola, which itself has eaten more than 400 competing drink companies.Blackrock, which owns a piece of 5,480 companies including Apple, Microsoft, Amazon, Facebook, Google, Nvidia, Tesla, JP Morgan, Paypal, Home Depot, Disney, Exxon, Pfizer, Pepsi, AT&T, Nike, Walmart, McDonald's, Costco, and Netflix, just bought Reese Witherspoon's media company for $900 million, adding to its $9 trillion Smaug-like horde.It makes you wonder when monopolists will stop growing larger and larger.And then one day it occurs to you…They will not stop until they are stopped.The factsThere are now 2,755 billionaires on the planet, not including “royalty” and dictators.In the year 2000, they controlled less than $1 trillion.Today, they control more than $13.1 trillion.13.5X in a generation.And they've grown their wealth by $5.5 trillion during the pandemic so far.The world's richest eight men now own more than the bottom 4 billion.On the flip side, there's never been so many people experiencing suffering and deprivation in human history:Systemic inequality pushed 200+ million people into poverty and cost women around the world at least $800 billion in lost income in 2020.690 million people go to bed hungry every night (and the number is rising by 16 million per year.)5.5 million people are moving into slums per month.2.3 million children die from malnutritionment every year.Clearly, there is no limit to the depth of poverty and deprivation to which our global society will allow humans to fall — never forget that millions of children are still trafficked for rape annually and that nine million people die from starvation each year — yet somehow elite individuals are allowed to amass unlimited plenty in a world of deprivation?It begs the question: Is it moral and right for us to allow individuals to hoard extreme wealth in the face of overwhelming widespread poverty, documented democratic subversion, and environmental catastrophe?If humanity saw itself as the global family that it truly is, it would be morally impossible to not limit the amount that one family member could control while another suffered and died.“Earned” wealthIt is impossible for an individual to legitimately earn a billion dollars.If someone earned $100 per hour — more than enough for anyone to live in luxurious comfort — in order to truly earn a billion dollars, they'd have to work 40 hours per week, 50 weeks per year, for five thousand years.So how is a billion dollars actually amassed?By skimming a profit off the backs of untold others:off the workers they employoff the suppliers they squeezeoff the carcasses of the competitors they destroy with monopolyoff the planet they unsustainably extract fromoff the governments from which they gain subsidies and advantagesoff the stable societies they sell to while evading taxationoff the democracies whose rules they change at willoff the shareholders they dupeHow is the ability to skim achieved? Through unfair advantage and privilege.It is impossible to “work hard, save, and invest” your way to a billion dollars.Let's be crystal clear: billionaires don't “create jobs.” They extract value — time, talent, creativity, effort — from others at an industrial scale.Decentralize everythingHere's a short thought experiment.Which is better: 2,755 billionaires and their $13.1 trillion, each monopolizing roughly one industry apiece and subverting democracy, or 131,000 centa-millionaires in competition?How about 1,310,000 deca-millionaires?Or 13,100,000 millionaires?13.1 million millionaires would do far more for the economy in terms of spending, hiring, diffusing power, avoiding democratic destruction, increasing competition, and sparking innovation.Are there truly enough benefits to the global population to merit supporting the costs of maintaining billionaires? Surely not. No rational person can make the argument that 2,755 billionaires are globally preferable to having 13.1 million more millionaires, or 131 million more workers each controlling a $100K stake in the businesses wherein they constitute all of the wealth-creation.“But those poor billionaires are just rich on paper!”Sychophants for the ultra-elite are quick to cry out that most billionaires don't actually have $1,000,000,000+ sitting in a Scrooge McDuck-style vault. Their wealth is usually tied up in shares of the companies they almost always undemocratically control.But these people don't understand how billionaires work.Billionaires borrow colossal amounts of cheap debt against those paper shares, and let inflation devalue that debt over time.So you and I — the real taxpayers in society — end up footing the bill as the money-printing machine devalues our actual-earned money.We need a more equitable pre-distribution of ownership, wealth, and opportunity.Mathematical doomI believe — as do most of the working masses and the desperate poor — that it is morally wrong and utterly inhumane to be a billionaire whilst millions starve and billions suffer.Full stop.To paraphrase the Bible: “The poor will always be among us because the rich will always be above us.”The world and planet can't afford to support billionaires anymore.Corporatism is a gross inefficiency and major source of economic inequality; it is anti-democracy; it is ecological unsustainability.We should replace it with an economy of sole proprietors, partnerships, cooperatives, not-for-profits, and for-benefits — all the wealth to all the workers — massively diverse, all competing and cooperating and innovating within a body of economic law that enforces ecological sustainability (as defined by biology) and economic fairness (as defined by real democracy.)If we don't, we're mathematically doomed.Charting our trajectory to zeroWhen will billionaires stop amassing more wealth?The answer is clear:They won't.Our total global wealth is currently $431 trillion.In the past twenty years, billionaires have grown their wealth by 13.5X, to $13.1 trillion, far outpacing the poor and total growth in global wealth.At their current pace, billionaires will control $176 trillion in twenty years and $2.3 quadrillion in forty.You read that right: If we do not stop them, billionaires will control the entire globe's resources within our lifetime.From there, it's simply a game of thrones to determine which few families will survive.In the winner-take-all economy, elites will not stop until they are stopped.Why can't voter-shoppers fathom this fact?The solution is frightfully simpleIt's a radical idea that will be common sense to future generations:Individual private wealth must be limited.That's right: No more billionaires.Every dollar over $1 billion in net worth will be taxed at 100% or placed in a commons trust.As one Redditor put it:Once you reach $999,999,999 we give you a plaque that says, “congratulations, you won capitalism,” and we name a dog park after you.A global Billionaire Ban will have wonderful implications for protecting democracy and making the economy more robust and fair. Obviously, democracy can argue over the exact number for our new global limit — 10 million, 100 million, even 1 billion — so long as we agree on the underlying fundamental that private wealth must have an upper limit.Older right-leaning white men will now scream “Communism! Socialism!” while failing to realize this piece is not advocating central ownership or central control of the economy. That's what billionaires are working on.We need to reform our economic system. We need a more equitable pre-distribution of ownership, wealth, and opportunity, and we desperately need democratic limits to protect against monopoly and wealth hoarding.This isn't optional for the survival of our species: it's now required for the survival of all species.We need to move quickly.In the time it took you to read this article, the world's billionaires gained $62 million while sixty people moved into slums and thirty children died of hunger.How many more people must suffer and die before we re-structure the global economy for widest-spread well-being? Get full access to Surviving Tomorrow at www.surviving-tomorrow.com/subscribe

Jeff Bezos controls Amazon. And Whole Foods. And The Washington Post. And IMDB, Zappos, Souq, Blue Origin, Kiva Systems, Alexa, DPReview, Fabric.com, Woot, Goodreads, Twitch, Audible, Elemental, Quidsi, Annapurna Labels, Accept, Living Social, Twilio, HomeGrocer, Bill Me Later, eZiba, BankBazaar, Kozmo, Ionic, Songza, and Wine.com. Plus he has VC stakes in Lookout, Juno, Grail, Workday, Vessel, Domo, Fundbox, Stack Overflow, Everfi, Remitly, Rethink Robotics, General Fusion, MakerBot, Unity Biotech, General Assembly, Business Insider, Google, Uber, Airbnb, and Twitter. And he's working on acquiring MGM. Plus he owns at least eight mansions and 100,000+ acres, a bunch of penis-shaped rockets, and a $500,000,000 hyper-yacht.Bernard Arnault controls LVMH, which has swallowed more than seventy of its competitors, including Dior, Fendi, Givenchy, Dom Pérignon, Loius Vuitton, Moët & Chandon, Marc Jacobs, Stella McCartney, Loro Piana, Princess Yachts, Bulgari, Sephora, and Tiffany & Co.Warren Buffett's Berkshire Hathaway owns massive chunks of nearly fifty companies including Apple, Amazon, Amex, Bank of America, Chevron, Kraft, Mastercard, Sirius, Visa, Wells Fargo, P&G, Johnson & Johnson, Dairy Queen, Fruit of the Loom, GM, Merck, T-Mobile, GEICO, and Coca-Cola, which itself has eaten more than 400 competing drink companies.Blackrock, which owns a piece of 5,480 companies including Apple, Microsoft, Amazon, Facebook, Google, Nvidia, Tesla, JP Morgan, Paypal, Home Depot, Disney, Exxon, Pfizer, Pepsi, AT&T, Nike, Walmart, McDonald's, Costco, and Netflix, just bought Reese Witherspoon's media company for $900 million, adding to its $9 trillion Smaug-like horde.It makes you wonder when monopolists will stop growing larger and larger.And then one day it occurs to you…They will not stop until they are stopped.The factsThere are now 2,755 billionaires on the planet, not including “royalty” and dictators.In the year 2000, they controlled less than $1 trillion.Today, they control more than $13.1 trillion.13.5X in a generation.And they've grown their wealth by $5.5 trillion during the pandemic so far.The world's richest eight men now own more than the bottom 4 billion.On the flip side, there's never been so many people experiencing suffering and deprivation in human history:* Systemic inequality pushed 200+ million people into poverty and cost women around the world at least $800 billion in lost income in 2020.* 690 million people go to bed hungry every night (and the number is rising by 16 million per year.)* 5.5 million people are moving into slums per month.* 2.3 million children die from malnutrition every year.Clearly, there is no limit to the depth of poverty and deprivation to which our global society will allow humans to fall — never forget that millions of children are still trafficked for rape annually and that nine million people die from starvation each year — yet somehow elite individuals are allowed to amass unlimited plenty in a world of deprivation?It begs the question: Is it moral and right for us to allow individuals to hoard extreme wealth in the face of overwhelming widespread poverty, documented democratic subversion, and environmental catastrophe?If humanity saw itself as the global family that it truly is, it would be morally impossible to not limit the amount that one family member could control while another suffered and died.“Earned” wealthIt is impossible for an individual to legitimately earn a billion dollars.If someone earned $100 per hour — more than enough for anyone to live in luxurious comfort — in order to truly earn a billion dollars, they'd have to work 40 hours per week, 50 weeks per year, for five thousand years.So how is a billion dollars actually amassed?By skimming a profit off the backs of untold others:* off the workers they employ* off the suppliers they squeeze* off the carcasses of the competitors they destroy with monopoly* off the planet they unsustainably extract from* off the governments from which they gain subsidies and advantages* off the stable societies they sell to while evading taxation* off the democracies whose rules they change at will* off the shareholders they dupeHow is the ability to skim achieved? Through unfair advantage and privilege.It is impossible to “work hard, save, and invest” your way to a billion dollars.Let's be crystal clear: billionaires don't “create jobs.” They extract value — time, talent, creativity, effort — from others at an industrial scale.Decentralize everythingHere's a short thought experiment.Which is better: 2,755 billionaires and their $13.1 trillion, each monopolizing roughly one industry apiece and subverting democracy, or 131,000 centa-millionaires in competition?How about 1,310,000 deca-millionaires?Or 13,100,000 millionaires?13.1 million millionaires would do far more for the economy in terms of spending, hiring, diffusing power, avoiding democratic destruction, increasing competition, and sparking innovation.Are there truly enough benefits to the global population to merit supporting the costs of maintaining billionaires? Surely not. No rational person can make the argument that 2,755 billionaires are globally preferable to having 13.1 million more millionaires, or 131 million more workers each controlling a $100K stake in the businesses wherein they constitute all of the wealth-creation.“But those poor billionaires are just rich on paper!”Sychophants for the ultra-elite are quick to cry out that most billionaires don't actually have $1,000,000,000+ sitting in a Scrooge McDuck-style vault. Their wealth is usually tied up in shares of the companies they almost always undemocratically control.But these people don't understand how billionaires work.Billionaires borrow colossal amounts of cheap debt against those paper shares, and let inflation devalue that debt over time.So you and I — the real taxpayers in society — end up footing the bill as the money-printing machine devalues our actual-earned money.We need a more equitable pre-distribution of ownership, wealth, and opportunity.Mathematical doomI believe — as do most of the working masses and the desperate poor — that it is morally wrong and utterly inhumane to be a billionaire whilst millions starve and billions suffer.Full stop.To paraphrase the Bible: “The poor will always be among us because the rich will always be above us.”The world and planet can't afford to support billionaires anymore.Corporatism is a gross inefficiency and major source of economic inequality; it is anti-democracy; it is ecological unsustainability.We should replace it with an economy of sole proprietors, partnerships, cooperatives, not-for-profits, and for-benefits — all the wealth to all the workers — massively diverse, all competing and cooperating and innovating within a body of economic law that enforces ecological sustainability (as defined by biology) and economic fairness (as defined by real democracy.)If we don't, we're mathematically doomed.Charting our trajectory to zeroWhen will billionaires stop amassing more wealth?The answer is clear:They won't.Our total global wealth is currently $431 trillion.In the past twenty years, billionaires have grown their wealth by 13.5X, to $13.1 trillion, far outpacing the poor and total growth in global wealth.At their current pace, billionaires will control $176 trillion in twenty years and $2.3 quadrillion in forty.You read that right: If we do not stop them, billionaires will control the entire globe's resources within our lifetime.From there, it's simply a game of thrones to determine which few families will survive.In the winner-take-all economy, elites will not stop until they are stopped.Why can't voter-shoppers fathom this fact?The solution is frightfully simpleIt's a radical idea that will be common sense to future generations:Individual private wealth must be limited.That's right: No more billionaires.Every dollar over $1 billion in net worth will be taxed at 100% or placed in a commons trust.As one Redditor put it:Once you reach $999,999,999 we give you a plaque that says, “congratulations, you won capitalism,” and we name a dog park after you.A global Billionaire Ban will have wonderful implications for protecting democracy and making the economy more robust and fair. Obviously, democracy can argue over the exact number for our new global limit — 10 million, 100 million, even 1 billion — so long as we agree on the underlying fundamental that private wealth must have an upper limit.Older right-leaning white men will now scream “Communism! Socialism!” while failing to realize this piece is not advocating central ownership or central control of the economy. That's what billionaires are working on.We need to reform our economic system. We need a more equitable pre-distribution of ownership, wealth, and opportunity, and we desperately need democratic limits to protect against monopoly and wealth hoarding.This isn't optional for the survival of our species: it's now required for the survival of all species.The Christian response to wealth inequalityWhat's incredibly disturbing about the wealth inequality discussion is how callous many Christians have become to the plight of the poor.As if the riches of the wealthy matter more to our God than the survival of the poor!Luke 3:11 is perhaps the most economically-convicting verse in Scripture:“Whoever has two tunics is to share with him who has none, and whoever has food is to do likewise.”Clearly, God is not in favor of infinite wealth accumulation. Regardless of what reasonable limitations secularist governments place on private wealth, surely God always calls His family to a higher standard of generosity and stewardship.Mark 14:7 says that “the poor will always be among us”… but that's only because the rich will always be above us.Do you where there weren't any poor people? In the Acts 2 church, when those of means rejected the temptation to accumulate infinite wealth and instead sold assets to help others. And according to Acts 4:34, “There were no needy people among them.”That's the power of Christians who actually obey Scripture… what a testament such a church would be to their community!Christians live by a principle that transcends all secular economic schemes. When it comes to finances, we express our faith with one principle: From each according to his ability, to each according to his need.When we align our financial thinking with the Bible's, we end up using all of our abilities for His glory, and He meets all of our needs, not just as individuals, but as a community. After all, unlike the individualist anti-culture in which we find ourselves, we profoundly understand that we're all in this thing together.We need to move quickly.In the time it took you to listen to this episode, the world's billionaires gained $62 million in wealth, while sixty people moved into slums and thirty children died of hunger.How many more people must suffer and die before we re-structure the global economy — or at least our local church community — for widest-spread wellbeing?Thanks for listening to Future Faith. We are 100% follower-supported, so please head over to jaredbrock.com to become a gospel patron.If you think this episode is important, informative, or provocative, all I ask is that you email the link to your friends or share it on social media. Get full access to Future Faith at jaredbrock.substack.com/subscribe

Tonya Hall talks to Prashant Fuloria, CEO at Fundbox, about how AI financial tools can fill the gaps left by banks. Learn more about your ad choices. Visit megaphone.fm/adchoices

Remember when there'd be a pitch for startup capital, with a straightforward yes or no in response? Well, things are a little different now, and we have people like Prashant Fuloria, Fundbox CEO, to thank for that. What we talked about: - The working capital marketplace - Banks vs Fundbox: the cost of managing unpaid receivables - The Fundbox customer experience - Small business COVID-19 economic recovery Check out these resources we mentioned during the podcast: - Prashant's LinkedIn profile - Fundbox's website To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, Spotify, or here and don't forget to check out our YouTube! Until next time! Listening on a desktop & can't see the links? Just search for Payments Innovation in your favorite podcast player.

Yael Ben-David is one the most thoughtful UX writers in the industry. She's written numerous blogs and has spoken at several conferences on how to make sure UX writers and content designers prove the value of their work. Today, we take a look at some of the regulations surrounding the fintech industry which make writing for it so difficult. Plus, we explore the ultimate question: how do you get out of the customer's way?

Prashant Fuloria, CEO at Fundbox, spoke to Rudolf Falat, founder of the Voice of FinTech podcast, about leveraging AI to help SMBs with their working capital needs more efficiently. Prashant is also a lecturer at Stanford, Cornell and Berkeley, where he teaches MBAs on building consumer internet businesses.Here is what they talked about: Prashant's backstory: from Google, Yahoo and Facebook to Fundbox Why have you decided to start your own company? What is Fundbox? What is the problem you are solving?  Why have you created Fundbox? Many people would agree that incumbents often fail SMBs, but why do we need another SMB financing provider?  How have you started with your venture? What were your very first steps? Target customers How does Fundbox make money? Geographic coverage Tips for SMBs in a cash crunch The future of SMB lending Fundbox's journey so far and ambitions going forward Best way to reach out If you enjoyed this episode, don't forget to subscribe and please leave a review.

During this show, you'll discover … ● How good business credit can open up a ton of funding options for anyone in the trucking industry ● Why over the road trucking is a high risk industry ● What National Funding has to offer ● How LVRG can help ● What Headway Capital can do for your business ● How you can get money from Lendio ● How to get trucking business funding from Kabbage ● How Fundbox works ● What Gud Capital has on offer ● The specifics on what 1st Commercial Credit offers ● How Fundera can help ● What HIL Financial is all about ● How FastUpFront works ● What TopMark Funding can do for you ● What Crossroads Equipment Lease & Finance, LLC has to offer ● The specifics on Clarify Capital ● How Become.co works ● How to get business grants for trucking if you're a veteran ● How you can get trucking school scholarships and grants

Today, we have an expert in lending and capital markets on the Alt Goes Mainstream podcast to discuss how his company, Pipe, is building a new asset class.Michal Cieplinski is the Chief Business Officer for Pipe, a fast growing fintech company. Pipe has seen a rapid rise over the past year. They are one of the fastest fintech companies to reach a $2 billion valuation – and it's in large part because investors see the potential to build a platform that unlocks recurring revenue as an investable asset class for the world's largest institutional investors.Michal deeply understands the inner workings of credit and lending on both the borrower and lender side from his experiences helping to build Fundbox, LendingClub, and now Pipe.Pipe was born from the idea that entrepreneurs and companies should be able to grow their businesses on their terms – without taking debt or dilution. This was a fascinating discussion with someone who has seen the evolution of a number of lending platforms. Michal and I discussed: Lessons learned from building marketplace fintech businesses. How Pipe is empowering founders to adopt a trader mentality by unlocking recurring revenue as an asset class.  How Pipe is creating an efficient way for companies to turn their predictable revenue streams into a way to access capital without sacrificing dilution. How Pipe is building out both the buy side and sell side of their marketplace. How Pipe handles churn on SaaS contracts of their sell side borrowers. How he thinks about the evolution of Pipe as a platform in terms of the types of assets you would "pipe" and how any sort of recurring revenue stream - like ISPs, streaming services, even PE / VC fund management fees could be "piped." Thanks Michal for coming on the AGM podcast. We hope you enjoy.

This week: Indeed and financial platform Fundbox form a partnership. Hiretual updates pricing, functionality. And more.

Growing a business is tough work. Cash flow is one big challenge that many business owners face. Fundbox has a solution. Prashant Fuloria, CEO, joins Ramon Ray, founder of SmartHustle.com, to discuss cash flow, Fundbox and tips for small business success! See the full article at www.smarthustle.com/fundbox

Welcome to our first episode of our Women in FinTech series, where we celebrate women in STEM and the FinTech Community, meeting female leaders in the industry across the Americas. Today, we speak to Anna Anisin and Rose Punkunus. Anna is a Russian-American Entrepreneur, named a Tech Industry Insider by CNN three years in a row and is currently running Formulated.by, a boutique B2B marketing firm and is the founder of leading data science community and event series, Data Science Salon.Rose, who was previously CFO of ScaleFactor, VP Finance at Fundbox and held various Product and Finance leadership roles at Uber, is now the Founder & CEO of Sudozi. See acast.com/privacy for privacy and opt-out information.

Sebastian Rymarz is the Co-founder and CEO of Heyday. Heyday partners with sellers to acquire, launch, and incubate successful brands on digital marketplaces like Amazon. Its mission is to help e-commerce entrepreneurs reach new heights by providing the capital, tools, and insights to accelerate their brands in the marketplace ecosystem.  Prior to starting Heyday, Sebastian worked as the Chief Business Officer for Fundbox, a financial services platform that specializes in providing revolving lines of credit to entrepreneurs. In this episode… With the current growth of the FBA space and the increased number of private label brand owners looking to sell and exit, it can be difficult for a buyer to evaluate which businesses to acquire. So, how do you determine the current and future value of a brand? Which criteria are most important? And, how do you choose one brand over another?  According to Sebastian Rymarz, the best approach is to leverage the power of data science to assess a business' value and future potential. At his firm, Sebastian utilizes data to evaluate two essential pieces of criteria: defensibility and opportunity. With this data-driven approach, he can effectively decide which business to acquire based on the quality of its products, their differentiation in the marketplace, and more.  In this episode of the Buy Box Experts podcast, James Thomson interviews Sebastian Rymarz, the Co-founder and CEO of Heyday, about how his firm leverages data from Amazon to evaluate and acquire FBA private label brands. Sebastian talks about how he finds businesses for sale, the criteria he looks for in a brand, and Heyday's equity offer to sellers. Stay tuned.

Emad ElShawa is the Chief of Staff at Fundbox. On this episode of Aspiring Ops, Emad discusses why his time in Business Ops led to his progression into the Chief of Staff role, and how the alignment between executive leadership and individual contributors allows Fundbox to drive accountability towards achieving company goals.   

Michal Cieplinski is the Chief Operating Officer and Chief Legal Officer at Pipe, a financing platform.  Michal joined Pipe nine months ago when the company was less than a year old. Prior to joining Pipe, he was the General Counsel at LendingClub and Fundbox.In this episode we talk about Michal’s time being a GC at a public company, how he got involved at Pipe, and launching a company one week before lockdown hit and fundraising completely over zoom. He also shares about his early learnings with venture capital, who he seeks for outside counsel, and why he loves massive amounts of uncertainty.I hope you enjoy the show.Full transcript available. Get full access to Operators & Delian’s Ramblings at delian.substack.com/subscribe

Miguel Armaza sits down with Eyal Shinar, Co-Founder and Executive Chairman of Fundbox, a company focused on disrupting the $21 trillion B2B commerce market by launching the world’s first B2B payments and credit network. Since its inception in 2013, Fundbox has raised more than $300 million dollars from leading investors like Khosla Ventures, General Catalyst, Spark Growth Capital, and Jeff Bezos. We talked about - Company origins - Customer acquisition and distribution strategies - Entrepreneurial challenges - Reflections around the PPP loan program in the US and the company’s incredibly meaningful role at the height of COVID to disburse and fund these loans to small businesses. - His thoughts on the key and strategic roles of fintech and tech during the pandemic - Lessons for entrepreneurs - And a whole lot more! Eyal Shinar Eyal Shinar is the Executive Chairman & Co-Founder of Fundbox. Prior to his current role he served as a vice president at Battery Ventures where he led many projects and investments in the areas of finance, machine learning and software as a service. Additionally, Shinar was one of the first employees of Old Lane, a $5.5 billion New York-based global hedge fund (later acquired by Citigroup), and also worked for Castle Harlan, a leading $6 billion NYC-based buyout firm. Shinar earned his MBA from The Wharton School of Business at the University of Pennsylvania. About Fundbox Fundbox is a leading financial technology company focused on disrupting the $21 trillion B2B commerce market by launching the world’s first B2B payments and credit network. With heavy investments in machine learning and the ability to innovatively analyze transactional data, Fundbox is reimagining B2B payments and credit products in new category-defining ways. Fundbox has received numerous accolades for innovation including the prestigious Forbes A.I. 50, Red Herring North American 100, Forbes Fintech 50, CB Insights Fintech 250, Benzinga 2019 Fintech Listmakers, Forbes Billion Dollar Startup To Watch among others. Since the company’s founding in 2013, Fundbox has raised more than $300 million from a blue-chip group of investors led by Khosla Ventures, General Catalyst, Spark Growth Capital, and Jeff Bezos.

Originally, the UX writing and content strategy community was meant to descend on Seattle for the Button conference. That didn’t happen (obviously). What happened instead was even better. It’s crazy that digital conferences haven’t been a thing until now, but COVID really thrust this one upon us. Today, I’m speaking with some fantastic UX writers and content strategists: Duaa Osman from Google, Yael Ben-David from Fundbox, and Vicki Siolos from Kickstarter. The one thing we have in common? We all attended Button back in late October, probably the first major conference that’s completely dedicated to UX writing and product content strategy. I don’t want to get into detail, but if you missed the conference, let this serve as a reason to invest in the Button on-demand access pass, which is available now. Seriously, it’s worth the money. Enjoy the episode and find out why. If you did attend Button, well, let this serve as a great reminder of the good times we had - and the great things we learned. —————————- The UX Writers Collective is holding a holiday sale! Get 20% off ALL courses through Dec 31! Just use these codes: UX Writing Fundamentals FUN2020 to save $180 The Microcopy Course MICRO2020 to save $45 Chatbot Writing & Design CHAT2020 to save $110 Content Research & Testing TESTING2020 to save $110 CX Writing for Marketing CX2020 to save $85 If you like this podcast, please leave a review!    

During this show, you'll discover … ✅  Where the easy money is ✅  The ins and outs of finding money for your business, such as … ✅  … where you go ✅  … which documents you need ✅  … whether you need a good FICO score ✅  … and if you will you get to keep control of your business ✅  Why conventional bank and SBA loans are hard to qualify for ✅  How cash flow financing and private investors often have time in business requirements… ✅  … so if you're business is fairly new, then you're out of luck ✅  How to qualify for unsecured business credit lines… ✅  … and why unsecured financing can be a smart choice ✅  The details behind AI credit lines from Fundbox ✅  Just what revenue lending/financing is… ✅  … and how your sales with Square and PayPal can help you qualify for it ✅  Where accounts receivable financing fits in ✅  How business credit building can come to your rescue ✅  How it saves you if you don't have collateral, good personal credit, a guarantor, or cash flow ✅  Where the vendor and retail credit tiers fit in ✅  How to make it to the fleet and cash credit tiers

Kinsa Durst interviews Prashant Fuloria, CEO of Fundbox. Prashant became CEO of Fundbox in 2020, after serving as COO and CPO. He joined Fundbox in 2016 from Yahoo, where he was SVP of Advertising Products. Prashant came to Yahoo through the acquisition of Flurry, then the world’s largest mobile analytics platform, where he was CPO. Before Flurry, he was Senior Product Director at Facebook, responsible for advertising products and monetizing the Facebook platform. Prior to that, Prashant was an early product leader at Google where he built the company’s global billing and payment network and ran all products for the APAC region. Prashant holds a B. Tech. from the Indian Institute of Technology Delhi, where he was the President’s Gold Medalist. He also holds a Ph.D. in Business with a Minor in Engineering-Economic Systems & Operations Research, an MA in Business Research, and an MS in Statistics, all from Stanford University. Sponsors: Otter Labs www.hireotter.com - Hire great and inexpensive developer with staff augmentation through Otter. DeFi Code www.defi-code.com Go-to-market agency for cryptocurrency companies. Make your project stand out and gain maximum impact in the industry.

Click Subscribe to keep up to date on the world of fintech!  Reach us at info@fintechnewscast.com or at @fintechnewscast on Twitter How do you lend during a pandemic and grow your fintech? We talk to Prashant Fuloria CEO at Fundbox #podcast #fintech

How To Get Business Credit Using Your Assets. Stocks And Crypto Investing are assets to use for personal credit and business credit. No Credit Scores Needed

Prashant Fuloria, the CEO of Fundbox, explains how the upstart fintech spent $100 million on data modeling, and avoided the worst of the pandemic. Plus, how fintechs differ in terms of their operational and business strategies. Learn more about your ad choices. Visit megaphone.fm/adchoices

Prashant Fuloria, the CEO of Fundbox, explains how the upstart fintech spent $100 million on data modeling, and avoided the worst of the pandemic. Plus, how fintechs differ in terms of their operational and business strategies. Learn more about your ad choices. Visit megaphone.fm/adchoices

Connect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes

The pandemic has had more impact on small business lending than probably any other vertical. While the PPP enabled many lenders to continue to lend and therefore stay in business that is now history. What the pandemic also did was that it demonstrated how robust lenders underwriting models were. This crisis has not effected all […] The post Podcast 266: Prashant Fuloria of Fundbox appeared first on Lend Academy.

This episode was produced remotely using the ListenDeck standardized audio production system.   You can subscribe to this podcast and stay up to date on all the stories here on Apple Podcasts, Google Play, Stitcher, Spotify and iHeartRadio. In this episode the host John Siracusa chats remotely with Eyal Shinar,  Co-founder and Executive Chairman of Fundbox.  Fundbox is a technology platform focused on the B2B commerce market by building a B2B payment and credit network. With Fundbox, sellers can increase average order volumes and improve close rates by offering more competitive net terms and payment plans to their SMB buyers.      Tune in and Listen. Subscribe now on Apple Podcasts, Google , Stitcher, Spotify and iHeartRadio to hear Thursday's remote interview with Stuart Sopp from Current.   About the host: John, is the host of the ‘Bank On It’ podcast recorded onsite in Wall Street at OpenFin.   He's also the founder of the remotely recorded, studio quality standardized audio production system ListenDeck. Follow John on LinkedIn, Twitter, Medium

This episode was produced remotely using the ListenDeck standardized audio production system.   You can subscribe to this podcast and stay up to date on all the stories here on Apple Podcasts, Google Play, Stitcher, Spotify and iHeartRadio. In this episode the host John Siracusa chats remotely with Mark Loranger,  Co-founder and COO of Braavo.  Braavo provides revenue-based financing to mobile app and game developers worldwide.      Tune in and Listen. Subscribe now on Apple Podcasts, Google , Stitcher, Spotify and iHeartRadio to hear next Tuesday's remote interview with Eyal Shinar from Fundbox.   About the host: John, is the host of the ‘Bank On It’ podcast recorded onsite in Wall Street at OpenFin.   He's also the founder of the remotely recorded, studio quality standardized audio production system ListenDeck. John’s also a highly sought after fintech, VC and financial services industry enthusiast and connector. He’s in the center of the fintech ecosystem, keeping current with the ever-innovating industry.

In today’s episode, I’m talking to Wayne Richard, Partner and Chief Operating Officer at Bean Ninjas, one of the world’s leading accounting firms and an expert in helping small businesses with accounting and bookkeeping. Aside from being Bean Ninjas’ resident e-commerce expert, he is also the author of a book called, “A Detailed Guide to eCommerce Accounting” and Host of the Bean Ninjas podcast. Wayne had a 15-year career with Hewlett Packard before starting his own cloud accounting business in Tucson, Arizona. He eventually became a Bean Ninjas contractor and equity partner, two years after he discovered Bean Ninjas – as a simple comment on their blog post led to his involvement with the company. Recognized as a leader in Xero accounting for eCommerce, Wayne has spoken in front of live audiences at Shopify, Dynamite Circle BKK, and DC Austin. He is also the resident CFO for aDmission Mastermind and has been featured in Insightful Accountant, Fundbox, TaxJar, and A2X blog. When Wayne isn’t managing a global team, he’s being an everyday superhero to his wife and five children.Head on over to https://elevatedentrepreneur.fm/9 for show notes and bonus accounting guides from the Bean Ninjas team

Eyal Shinar of Fundbox explains why real-time data access, ML and automated credit management streamline the B2B payment process — and can help firms thrive.

Hi Friends — I know that things in the world feel heavy and uncertain right now, so I wanted to share some important reminders and tips: This won’t last forever. Stay calm and remember that this won’t last forever. I know the uncertainty is unnerving, and we all have different circumstances that we’re dealing with — but this will end at some point.   Understand your finances. Take a look at what you have in your business and personal reserves. Look at your monthly expenses and see what you can curb temporarily (tech, supplies, reduce or postpone your next new release, etc). We don’t know how long this will last, so be conservative in your spending.   Assess your income streams and anticipated revenue for the next 3-6 months. What orders or projects may be postponed? How can you incentivize your current customers?   Do you have savings to lean on?   Identify supplemental income options If product sales are down, think about picking up design work or other freelance gigs on Upwork, Fiver or through your local communities. Consider small business loans - SBA loans, Fundbox, Kabbage, even PayPal offers small business loans if you need some extra cash temporarily. As a last resort, you can also pull money out of a retirement account or 401k. There are large fees associated with early withdrawal and the market is down right now, so I don’t recommend this unless absolutely necessary   Have a back-up / continuity plan Who can you trust to run things if you or a family member gets sick and you’re unable to work. My financial planner recommends identifying a few people who understand the business and who you trust to step in if you need to step out. This could be family, a friend, or even a colleague.   Use this time to work on your business. Back-end systems & processes, update our website, play creatively, design new products, take photos, update your catalog, pre-plan social media content or write emails…. All of the things that you’ve been putting off, use this time to prep what you can for when things get back to normal.   Change your messaging. Remember that many of your customers are also small business owners and they are feeling their own stress & anxiety. If you’re sending out marketing emails, change your messaging — acknowledge what’s going on in the world, how we’re all in this together and ask how you can support them.   Sales are going to be slower right now because people are concerned about their personal lives and their own businesses. But, reaching out to clients and letting them know you care will help to build the relationship — which they will appreciate when this is all over.   Give yourself time to process your feelings. We all react to stressful situations in different ways.   We all are dealing with different personal and business circumstances.   Give yourself time to process how you’re feeling, what your concerns are and how you want to proceed. Take care of yourself, your family and your team — that is the main priority right now.   Leverage our community You have a whole group of people here who understand what it’s like to run a small business. We’re all feeling the crunch & uncertainty — but we have each other. Share what’s working. Check in with each other. Let’s help to keep each other calm and focused on getting through this together. We will get through this. We will be ok.

Entrepreneurs dream about starting their own business, but they can’t afford it. How can they reach their financial goals and objectives to fund and grow their business? Most of them borrow money from their friends, parents, and/or credit cards.  Today, I am talking to Bruce Mack of Platinum Trust Group. Bruce is an avid real estate investor and licensed financial advisor. He shares seven options to fund your business and take it to the next level. You’ll Learn... [03:54] Option 1: Revolving Lines of Credit Program is easy to qualify for with 700+ FICO score and more than one open lines of credit; no business plan, collateral needed.  [08:55] Option 2: Installment-based Lending Platform features 25 lenders offering $1,000 to $50,000 with lower FICO score, but provable income. [12:25] Option 3: Business Directed Retirement Account (BDRA) is rollable IRA or 401(k) where funds from previous employers are accessible for specific transactions.  [18:28] Option 4: Transactional Funding for A2B, B2C transactions, such as funds for wholesale flips. [20:07] Option 5: Platinum Trust Group/Division offers bulletproof asset protection and ability to save passive income money to repurpose.  [24:48] Option 6: Private and Hard Money Solutions with low annual percentage rates (APRs) and 1-2 points to cash out rental property income to deploy on new projects. [26:42] Option 7: Plug-and-Play Scenario is relationship-oriented opportunity to connect and network with partners and sponsors.  [29:17] Where to start? Typically, it takes about $75,000 to get your business started. [32:56] Funding Mindset: If you don’t want to go into debt to do anything, it may hold you back from growing your business and generating revenue.  [35:35] Constant Lawsuits: Property managers/management companies that aren’t real estate investors are in high-risk business. Tweetables Donuts to Dollars: Entrepreneurs start businesses thanks to friends, family, and credit cards. Plug-and-Play Option: You never know, who you know. Get your project going. You’re in the wrong business, if you don’t want to go into debt to grow your business and generate revenue. Protect your assets! Property managers/management companies that aren’t real estate investors face constant lawsuits. Resources Platinum Trust Group Platinum Financing Group FICO Fundbox IRA 401(k) Real Estate Investor Association (REIA) DoorGrowClub Facebook Group DoorGrowLive DoorGrow on YouTube DoorGrow Website Score Quiz Transcript Jason: Welcome to DoorGrow Hackers to the DoorGrow Show. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others impact lives and you are interested in growing your business and life and you're open to doing things a bit differently, then you are a DoorGrow Hacker. DoorGrow Hackers love the opportunity, daily variety, unique challenges and freedom that property management brings. Many in real estate think you're crazy for doing it, you think they're crazy for not, because you realize that property management is the ultimate, high trust gateway to real estate deals, relationships and the residual income. At DoorGrow, we are on a mission to transform property management businesses and their owners. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market and help the best property management entrepreneurs win. I'm your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now, let's get into the show. Today's guest, who I'm hanging out with, is Bruce Mack of Platinum Trust Group. Bruce, welcome to the show. Bruce: Thank you so much. I really appreciate it and you definitely are unbelievable at your opening. Jason: Thank you. It's built around all the challenges that we've heard in the industry and what our client-centric mission is as a company. I wanted to fold all that into our intro and I appreciate you giving us some positive feedback on it. Bruce, I'm really interested in getting into this. Today's topic is seven options to fund your business. This is a common challenge of people not being able to afford to do work with us, being able to afford to do the things they need to do to grow their business. This is a common challenge. There's a lot of entrepreneurs that are just trying to operate just paycheck to paycheck. In order to get ahead and grow the business, they need to find some funding, or get some money, or figure out how to make it work, or save something in order to make that work. Before we get into that, could you give everybody a bit of a background? Let's qualify you, help them understand how you got into what you're doing? Tell us, who is Bruce? Bruce: Well, in a couple of sentences or at least a short paragraph, I am an avid real estate investor, have been in a three-year period of time. I was able to buy rehab and flipped out over 160 properties. I've been involved with over $92 million worth of real estate transactions, SFR’s, as well as commercial. I'm a licensed financial advisor, prior owner and operator of a credit repair company that was also a licensed and bonded. I've been around the block. I love working with real estate investors. I speak to them all over the world, as well as nationally and have been at countless events helping folks just like the folks that are on this podcast, to be able to reach their financial goals and objectives, through getting them the rudimentary financing that they need so they can take their business to the next level. Jason: Okay, great. Let's get into the seven options. I guess we're starting with number one. Bruce: Okay, let's start with number one. One of our premiere programs that we use on a daily basis is what I call our revolving lines of credit program. Now, the nice thing is with this particular program, is that there are a lot of no's, but these are no’s that you want to hear, not no’s that you don't want to hear. Bruce: One of the no’s is that you don't have to have a business plan. Another no is that you don't have to have collateral pledged to be able to qualify for this, so if you don't have any collateral, i.e. properties, what have you, or other hard assets, there are no collateral pledges. Another no is that you don't have to have an income verification because it's a stated program. Without a business plan, without having a stated income, without having to go through a bunch of hoops, this makes it an easy qualify program. The key qualifiers are having a FICO score, ideally north of 700 or 700 when we put you through the program, and having more than one (ideally) open lines of credit with a credit card that would be at least $6000, $7000, $7500 worth of credit limit, and at the time that we put you through, you're ideally at 30% or lower on your utilization. Let's just say you have a $10,000 credit card. Let's say you have a $7000 balance currently, that would be at %70 utilization. What I'm saying is that we’d like to see that that $10,000 credit card has no more than %30 utilization or that you're not currently carrying more than a $30,000 balance. Now, if you are, because there's too much month, not enough money and therefore you have higher balances, we do have a solution. We do have another funding division that will likely take a look at those balances and work with you to actually pay them down for you, so that therefore your scores will skyrocket to where we need them to be, your utilization ratios will plummet to where we need them to be, so that we get the maximum results. The maximum results is our average client on a first round funding gets $75,000 worth of revolving lines of credit as much as $150,000 on a first round fund. When done properly and if we have a client that comes to us with longevity of accounts, no derogatory, so on and so forth, of course, that's going to get us all a better net result for the client on the back-end. Again these lines of credit are all at 0% APR for up to 21 months. Jason: Okay, but the cruz behind this is that they've got to have good credit in place in order to do this one. Bruce: Well, there's a couple of other if’s, and’s, and but’s, so let's talk about them briefly. Number one, because of that high utilization, we have taken people with scores as low as 620 and just by paying down those balances, they've shot their scores up within a several week period of time to well over 700 and then we can put them through. Today's present credit score may qualify you even if you're not knocking on the 700 door or higher, we need to do a consultation and see if the net effect of paying down those cards is going to get you to where we need you to be. Secondarily, we do have a secondary program, in as much as if the client can't qualify, but they have what we call a credit partner—maybe it's a partner in their business, maybe it's a relative, a friend—we can use a credit partner to get the same results, thus being able to put them through the program and that could be a win-win. There's a number of different ways we can literally skin the cat to get to the desired result, which is to get the client funded on that program. Jason: All right. You’re going to help them the pay down process, they can use a credit partner, there's a couple of options there. That's number one, the revolving lines of credit program. Bruce: Number two, one of our other core programs is we have 25 lenders. We have a platform for the 25 lenders and they are offering on the platform anywhere from $1000 to $50,000. We can stack those offers, so if you were to get two $50,000 offers, obviously you pony those up and parlay them into $100,000. Now, we can take more credit-challenged folks. We have gotten people some funding with FICO’s as low as 580. The key here is that there needs to be provable income, where the income on the revolving lines of credit is stated. These will need to be proved up through either showing the last couple of pay stubs and/or from their doing account validation by showing bank statements, 1099s, a year's tax return or what have you. Jason: Okay. Bruce: Very, very simple program, 12 questions asked and answered online, a soft pool with instantaneous pre-approvals and funding within usually a week or a week-and-a-half. This is a secondary program that can be used. We use it all the time and it's very, very effective. Jason: With these 25 lenders, these would be people like maybe Fundbox and some of the services out there. Would it be like those kinds of companies? Bruce: Could be, yes. We have our own lender pool that we work with. The nice thing is, there are a number of lenders that you can apply to on the net today, tomorrow, yesterday, what have you, but that's problematic. Every time you apply, you're going to be getting an inquiry. Every inquiry's going to be anywhere from two to several points and it starts to drag down your profile. Worse than that, other creditors that your applying with, see than you’ve been applying. The way we do it is when you access our platform with one soft inquiry, so it doesn't even show on your report, you're getting one or multiple preapprovals from multiple lenders at multiple options in terms of length anywhere from 12 months out to as long as 60 months or five years. This is an ideal way where you have no FICO hit, no negatives, only positives and you can get the pre approvals before you even press the accept button and go into what we call the final underwriting or the hard underwriting. Jason: Got it. Anything else to know about this second option? What would you call this second option? You're 25 lenders platform or? Bruce: Our 25 letters platform or our installment-based lending platform. Jason: Got it, installment-based. All right, so we’re on the number three now. Bruce: Number three. Let's talk about what we call our BDRA. Our BDRA stands for Business Directed Retirement Account. Now, many of the people that are on the podcast have a rollable IRA or 401(k). Maybe, they're even working and are aware that they have a roll-able IRA or 401(k) amount. Let's just say that you're currently working at an employer. You may have $100,000 there and your employers told you, “Well, you can't touch that, it's not rollable.” They’re may be half correct, because prior to coming to the existing employer, you worked at another employer. When you're at that other employer, guess what? You had a $50,000 IRA, which you’ve been rolled over to your present employer. Well, I'm here to tell you some really great news. You can do what's called a carve-out, so you can take those moneys and move them from your present employer, because those were moneys that came from a previous employer and you can automatically put them into what we call our BDRA. That BDRA is a wonderful opportunity for you to be able to access those funds to do what you want and what you want with them. Jason: That’s called what again? Bruce: Business Directed Retirement Account. Jason: Okay, got it. Bruce: Now, it's not a very, very different than a self-directed normal account. Some self-directed retirement accounts have the ability to give you checkbook capability, which is great. The BDRA coincidentally also does, but many of the self-directed accounts are accounts that once you moved on from your old employer, you've moved them into a self-directed environment so that you can tell your money what you want it to do. The problem with the traditional IRA or 401(k) in a self-directed environment (which many administrators that are out there and offer these types of accounts) is that you cannot use these but for very specific types of transactions. Let's just take a typical real estate transaction, a house costs $200,000, you have $100,000 in the self-directed retirement account. You need to come up with $100,000. Now, unfortunately, you cannot obligate a self-directed retirement account, a traditional type, not ours, but a traditional type and you cannot take on a recourse loan, because one of the exemptions is you cannot sign and obligate your IRA or your 401(k) to an external obligation. If you can't do that whole deal inside your IRA, you're pooched. You can't do the deal. Now, there is the possibility of taking on what's called a non recourse loan where you wouldn't sign. However, there are very few and far between. They never go more than 50% of LTV and they're usually a couple of points higher for all the right reasons. You’re only having a collateralized value of the loan. With a BDRA, I've got great news, you can take recourse loans on and it's not a violation of the BDRA precepts. Secondarily, when you have a normal IRA or 401(k), unfortunately, you're exempt from being able to do what we call inter familiar transactions because they're called a prohibited transaction. Meaning, father-sister, mother-brother, siblings what have you, you plain and simple are not allowed to invest with them because it's prohibited. That is not the case with the self-directed that we have in the BDRA environment. Third, you can put up to $53,000 of your annual salary into this tax deferred vehicle where you cannot with a traditional IRA or 401(k) that’s self-directed. Fourth, you can use the money for any business purpose. Now, you mentioned earlier that you've got coaching programs sometimes that are $10, $20, $30, $40, $50 whatever the amount is, it makes no difference, but the flexibility of the BDRA is a beautiful thing because BDRA funds can be used for any business purpose whatsoever. When you talk about a traditional IRA or 401(k), they're very finite, they're very linear, real estate being one of them, stocks and bonds being another, and there's a couple of others, and pretty much after that, you're out of luck. The flexibility that the BDRA brings to the table is phenomenal, and it is a great way to resource funds for enhancing your real estate business not only from the buying of the doors perspective, but from doing rehabs, for potentially using it for marketing money, to expand your net. There's many, many different ways that these moneys can be used that are all in conformity. Jason: Okay. Alright, BDRA is number three. Number four? Bruce: We have transactional funding. With our transactional funding, I'm sure a number of folks that are on this podcast are engaged with wholesale flips, where you're doing an A to B and B to C transaction. Well, we have transactional funding. We have $1 million on the sidelines at all time. You let us know, give us a couple of days notice. I mean, give us more notice than that, but within a couple of days, we can get the funds prepared, move them electronically to your escrow so that you can close and not have to be out of pocket if you're the wholesaler, and get the job done. The fee cost for that is the most reasonable that I've seen in the industry. The cost for funds is only 1.75% and a $495 transaction fee or our processing fee. Call it what you will. That’s another win-win strategy if you're a wholesaler, and you don't have the funds, and you're going to a traditional escrow. This is a perfect, perfect way to make everything come together so that you can get your property sold to that new buyer. Jason: Is that everything about transactional funding? Bruce: That's everything about transactional funding. Short and sweet. Jason: All right, let's look at number five. Bruce: Let's talk about number five. Now this is an esoteric way of getting funding, but saving the dollar obviously gives you $1 as I put it, redeploy or repurpose and I'm sure we all agree with that, and saving tens of thousands of dollars or more starts to become very, very interesting, let’s tell you how. On the other side of our business, we have our trust division. It's called platinum trust group. Platinum trust group is dedicated to bulletproof asset protection. I'll touch on that in a moment, but let me talk about the money aspect where you can redeploy. Real estate investors by the nature of who they are and what they're [...] are involved with two types in multiple streams of what we call passive income. The passive income that we're talking about would either be long or short term capital gains and/or lease and/or rental income. That is the sum and substance of what it's all about. One or the other. With our proprietary trust which we have 58 copyrights on, we've had the trust for over 20 years, we have over 31,000 clients on this program. As a real estate investor, when the properties are sold or the rents are collected, money goes into the corpus of the trust. However, the good news is, you can use the trust for any trust-related activities which would be anything other than what we call food, fun, or fashion. Now you're doing all your business out of the trust. Don't get me wrong. That doesn't mean you can't buy properties, you can't buy cars, that doesn't mean that you can't act in a fiduciary capacity as a trustee to do everything you would normally be doing on a daily basis. The good news is, that moneys, that long- and short-term capital gains which could be 20%, 30% depending, and/or the income from the lease and rental income, the fact that it goes into corpus and stays in the corpus, and that it’s deferred in perpetuity means you're not going to have the tax bill at the end of the year. Now, we have many investors who have tax bills in the $50,000, $100,000, $200,000 a year and are paying quarterlies that are enough to choke a horse. We're able to defer up to 97% of that annual tax liability, including the quarterlies, and deferred out in perpetuity, which means in 21 years, after the last of the beneficiary heir’s deceased, i.e., 100, 200, 300 years from now, we now have a vehicle that nobody in your family tree is going to have the tax consequence and certainly not you, and now we've got all of this additional liquidity that we can be using for investment purposes and is a huge win for our real estate investors. That's only one piece of the coin because the other side of that coin is the bulletproof asset protection, because you can never have a lien or judgment executed against you. It can't happen, let alone your properties because your properties are in the titanium vault of the trust. This is huge and this is a great, great income opportunity and/or savings opportunity for you. I think we're at number six or are we in number five? Jason: We’re at number six. Bruce: All right. Jason: That was number five. Basically. we will call that your trust division. Bruce: Okay, number six. We have a number of private money solutions and hard money solutions. Solutions that start as low as 4.9% on the APR and 1-2 points. Solutions for clients who have rental income properties and they want to do some cash out. We had even a blanket loan program which is available in 43 states. Again, if you've got properties, we have a solution for you to be able to access a ton of money that you are currently not able to access so that you can redeploy it on new projects. This could be huge for you by our hard end or private money funding. Should you have ground-up projects that you're looking to get underway, these are other ways that we can access funds for you depending upon what the project looks like. There's just so many different machinations without knowing more. We would really need to sit and talk, but not only can we get you the blanket loans, not only can we get you the cash out refis, we can do multifamily, we can do SFRs, ground-up projects. It just depends on what it is that you're looking for. Jason: Okay, great and that's number six. Bruce: That’s number six. Jason: Private and hard money lending solutions. Let's get into number seven. Bruce: Number seven is really a relationship-oriented proposition. Because I lecture on a nationwide basis and know so many people, I am constantly sourcing and/or resourcing and putting folks together. I speak. I meet sponsors. Sponsors are always looking for people to act as general partners for with other people who are newer and/or what I would call green peas and vice-versa. I have green peas that are looking for sponsors. Just by nature, the fact that I love to network, love to help people out, and if people are looking for a connection, I'll give you an example. Yesterday, I had a guy come to me in the Seattle area. He is looking to do a conversion. He’s got 93 apartments that he wants to build in one structure. He’s looking for general partners and money partners and he's got everything ready to go. He’s got the water. He’s got the utilities. He’s got all the zoning. He’s looking for money partners and he's also looking for some management help. Well, we have the perfect fit for him because we have people who are right up in the Seattle area because I've spoken recently up in the Seattle area to 800 people at one event. That’s an easy plug-and-play scenario. Oftentimes, you just never know. I don't know where you're calling in from on a nationwide basis because I know you have callers all over the place. I'm California-centric but I travel. I was just in Boston speaking to 1000 people. You never know who you know and tell me about the situation, and if there's a possibility that we can help, we certainly can try and plug to good ends into one another so that you can make a whole and get your project going, so you can take it to the next level. Jason: Perfect. Looking at all these different methods, let’s say I get a client that comes to me and they want to hire staff. They want us folks on marketing, maybe they want to do some coaching stuff with us, they need to get office space, these typical things to get their business going. Which channel would you push them towards first? What would be the best situation for them first? Bruce: Well, if the need is an average of, say, $75,000 roughly, somewhere between $50,000-$150,000. I’ll kind of use that $100,000 spread. invariably, our revolving line of credit program is the sweet spot and we utilize that at promoter events all the time for that $20,000, that $30,000, $40,000 to get them off the home plate, to get them the coaching program that they need to get them also the initial marketing moneys that they need so that they can really start to get traction and move forward in the marketplace. It's very easy and they don't need to have any collateral. Again, it's a state of program. If the person fits the parameters, it's by far and away, the easiest, fastest, most effective, and cost-effective solution. Jason: Now, what if they just wanted something smaller? They're just getting started, they're bootstrapping. Maybe they're looking for maybe $3000-$20,000, something in there. They just need to get some additional funds to get some things going in the business. Would the recommendation still be the same vehicle? Bruce: Depending. Let's just say today the need is $3000-$20,000. Let's just say they've got $100,000 locked up at the old employer that they used to work for, General Dynamics, let's just say. They're taking that money and they're turning it in the stock market, they're getting a horrible return, and they want to take control of it. I would move all of that to self-directed environment and then parse out where you've got total control over it. Then, I would parse out whatever that amount is that you need to deploy for whatever business purpose. If they only needed $3000, $7000, or $10,000 of that $100,000, they get immediately deployed because they have total discretionary use over the funds once it's in their dominion.  Likewise, another one of our programs might be for them to engage with the 25 lender platform. In a request, only request $3000 or only request $10,000, if that's what it is they're looking for. That could be another way to go. We really need to have a discussion. It's my best suggestion to the folks that are listening because sometimes during the course of discussion, we find a $3000, $7000, or $10,000, may not actually be the sum and substance of what you're looking for depending upon where you are, and where you want to go. Maybe it is. We will come up with based upon your credit what you bring to the table, what's going to be the most cost effective way to get you there. Jason: Let's address the mindset of funding. I'm sure there's people listening and they want to bootstrap everything. They're thinking, "I don't want to go into debt to do anything." What would you say to that? Maybe that mindset is holding them back from being able to grow their businesses quickly and generate more revenue as fast. Bruce: I don't mean to be pragmatic but I would say they might be thinking about being in the wrong business if they don't want to go into debt. I bought houses utilizing credit cards before. If you go to any REIA, anywhere in the United States—if you're not familiar with the term REIA, that's Real Estate Investors Association meeting—if you go to any Real Estate Investors Association meeting anywhere in the United States and you interview, take them out for coffee, talk to them after the meeting, what have you, you ask them how do they get the funds to buy some of their first properties, I can guarantee you, dollars to donuts, that they borrowed money from a friend, borrowed money from their parents, or borrowed money from their credit cards, to get their first property. Or a combination of all three coupled together to make it happen. They didn't have the money and their checking account. It was a little devoid or little depleted at that time.  Guys, this is truly a leverage play, and an arbitrage play, when you're borrowing money at X because you can make lie times X equally that new number which is the ability to compound on the amount of money that you're using to be able to get you that much bigger amount of money at the backend. I'm a firm believer in making the right decisions and not getting these moneys for a C shed or man cave. Forget it, you don't [...] it. If that's your ultimate goal, that's not leverage. That's just sheer stupidity, a waste of time, and a waste of money. If you're looking to get these moneys to be able to deploy them in an efficacious way and to utilize them to gain the leverage to be able to get a much bigger payday down the road when you exercise your exit strategy, let's go. Let's make it happen. We're here to help and get you to your financial goal. Jason: Plant some of these things. I know there's some property managers listening that are like, "I'm not a real estate investor." Some property managers that are running property management companies are not real estate investors. I think many of them are involved but they're thinking, "What about my business? Maybe I need funding for the business." I think the same principle applies. The idea that I want to point out is mindset-wise, I think a business is probably one of the most effective (if you do this well) investments you can invest in a period. Very few things give a return on an investment that a business can. I don't think even real estate, I think a lot of things cannot yield as high of a return as a business that is profitable, and highly effective. If the investment is moving the business towards those things, I would imagine that it's going to far outplay a 401(k) or any other sort of investment. They might be throwing them dollars towards in the long run. An effective business can yield a huge return especially once they sell it. Or it can just be an ATM machine feeding them once they systemize the business and they step out of being involved in it.  If you're going to that, I think it's wise to say, make sure it's going towards the right thing. It's going to yield the ROI you're looking to get.  Bruce: May I ask a brief question? Jason: Go ahead. Bruce: About your audience. I just heard or maybe I misheard, I heard you keying in on property management, and property management companies. Is there a broad segment of your listenership that are in that space? Jason: Yes. Most of the listeners listening are people that run property management companies. They manage properties for and on behalf of investors. Bruce: Okay. Let me just say this about that. I'm going to go back to, I think, it was number six. It might've been number five but it was right in there. We talked and drilled down a little bit about our proprietary trust. Guys, I'm going to say it just like it is, you are in an uber high risk business. Property managers and property management companies, they play it simple, they get sued. Facts are one in three Americans get sued. Two in three, 66% of all surgeons get sued. Property managers, I don't know what the numbers are, but everytime I talk to a property management company, they're constantly getting sued.  Just recently, we put on several property management companies who have gotten the trust. Their prime motivating reason was to have the trust be the owner of the property management company so that they would not have liens or judgments that could be affixed to the company. Guys, this is something you definitely want to explore further. It's very important for you because of the high risk nature of the business that you're in. Jason: Yeah. I agree. I have an asset protection attorney. I think it's a wise choice for everybody who has some asset protection struff going on with things in the trust and make sure the business is protected. Very cool. We've got several people that I've spoken to even recently. They're like, "I don't have the funds to work with, Jason, but I want to work with you. We're trying to get money." Or they're trying to get their business started. Or they know there's some things they need to do and they can't just afford to do it. How can they get in touch with you? How can they reach out? What's the best way to connect with you and what you've got going on? Bruce: If you're looking for funding, I'm going to give you a web address. That web address would be platinumfinancinggroup.com. There's a calendar on there. We will get you a complimentary consult. Please, we'll ask you, make sure that you've mentioned that you came from Jason. We always want to know where clients came from. Jason: Mention DoorGrow and the DoorGrow Show. Bruce: Please. Please, please, please. That'll get you the complimentary consultation now for financing. When Jason's got great programs which I've heard nothing but fabulous things about, that can be the genesis, give you the capital to be able to move your business forward, and get his programs. Secondarily, another way to access the programs, as I've said, from the savings from the tax deferral, from the trust program, and/or talking about the trust as well as an asset protection vehicle. Because if you get wiped out, you're done. You know that. This is one way to ensure that you're not going to get wiped out. I would go to platinumtrustgroup.com. We have another calendar there.  The difference between the two, other than the information that you're going to find and the calendars that you're going to find is that the calendar times that you're going to get blocked out for are quite different. If you go to platinumtrustgroup.com, we're going to block you out for an hour. We can talk about trust. Likewise, we can also talk about funding should you have an interest in both.  If you strictly go to platinumfinancinggroup.com, you'll be directed to a calendar for 15 minute blockout. Just be aware of that. When you make the choices to where's the best entry point to get in touch with us.  Jason: If they're really looking at everything and they want to get the full kit, the best place to probably to go the platinumtrustgroup.com. You can also help them with the financing side of things as well. Bruce: Absolutely. Jason: Perfect. Bruce, it's been fabulous having you on the show. Thanks for taking us through all the different options. I wasn't aware that there were so many different options for funding. I appreciate all the info that you're able to share with us today. Bruce: I certainly appreciate you're allowing me to come on your show. It's been a pleasure. I look forward to chatting with you guys. We'll get you taken care of. We'll get you the funding so that you can take your business to the next level and protected as well at the same time. Jason: Fantastic. One thing I just thought off. A lot of our listeners run property management companies. They're all connected to investors. Do you have a sort of program or a relationship that you can make with these entrepreneurs that are working and dealing with lots of investors trying to get them into multiple properties and new properties? Bruce: Absolutely. Not only that, we need to talk because we have an affiliate program. Give me a call, let's have that discussion. That's a whole other discussion and another income stream, potentially, for you. I'm glad you mentioned that, Jason. That was a great heads up. Jason: Perfect. Bruce, it's great to connect and I will let you go. Bruce: Thank you so much for the opportunity again. Have a great day, have a great weekend. Jason: If you're a property management entrepreneur, who wants to grow your business, who wants to add doors, you're looking, you're feeling a little bit stuck, you're dealing with some of the typical challenges, you're trying to do SEO, pay-per-click, content marketing, and social media marketing, you're just not getting the ROI, you're not adding the doors you're wanting to. There might be something different. There might be some things that you're missing. You might have some leaks in your business that you can't see. Reach out to DoorGrow. We'll help you shore those leaks up. We'll help you get on a trajectory of growth. I will be honored to be able to coach you through that stuff. We can certainly help you redesign your website.  If you need to go and test your shiny new website or your old website, go to doorgrow.com/quiz. See if it's got some leaks there. You could be losing tens or hundreds of thousand dollars in future ROI every month depending on how many leads or deals you are missing out on because your website isn’t upgraded. I want you to have an A+. Talk to DoorGrow and let's see if we can help you get that taken care of. Until next time, everybody. To our mutual growth. Bye everyone. You just listened to the DoorGrow Show. We are building a community of the savviest property management entrepreneurs on the planet, in the DoorGrow Club. Join your fellow DoorGrow hackers at doorgrowclub.com. Listen, everyone is doing the same stuff. SEO, PPC, pay-per-lead, content, social, direct mail, and they still struggle to grow. At DoorGrow, we solve your biggest challenge getting deals and growing your business. Find out more at doorgrow.com. Find any show notes or links from today’s episode on our blog at doorgrow.com. To get notified of future events and news, subscribe to our newsletter at doorgrow.com/subscribe. Until next time, take what you learn and start DoorGrow hacking your business and your life.

Greg Powell is the Head of Brand and Product Marketing at Fundbox, a fintech company building the world's first payments and credit network. Greg and Brian discuss the year-long rebranding project Fundbox recently completed and what it took to accomplish their objectives. They also share insights to help determine if your business needs to rebrand itself.

This is a podcast episode about Fundbox. We dived Under the hood with Moshe Jacobs, Head of Infrastructure at Fundbox, that told us all about the processes and methods used at this unique company that deals with the very important issue that is money. בפרק הזה נפגשנו עם משה יעקובס, Head of Infrastructure בחברת Fundbox ששמה לה למטרה להקל מאד על אנשים בקבלת כסף שמגיע להם ללא המתנה של שוטף פלוס חפש אותי.

This is a podcast episode about Fundbox. We went up the hill with Eyal, Founder, CEO and Dima Broslavsky VP, Chief Architect at Fundbox to hear how they came up with the idea and brought to life into what is now a huge company funding small businesses in the US. בפרק הזה שוחחנו עם אייל שינער ודימה ברוסלבסקי מ FUNDBOX על הדרך שעשתה החברה מצורך קטן ומקומי, לחברה שמאפשרת היום להמוני חברות אמריקאיות לשרוד ולהתפתח.

This is a podcast episode about Fundbox. This company takes away the stress behind getting money from financial companies, and reduces the time it takes to actually get the amount to a day, instead of a few weeks. Hear all about the culture and people aspect from Jenia Medvedev, VP People and Iris Feinmesser, Head of people Israel. בפרק הזה נפגשנו עם ג'ניה מדבדב ואיריס פיינמסר מ Fundbox על הדרך הנכונה להביא עובדים לחברה שעוסקת בכסף, ואיך לשמר אותם בדרכים פחות קונבנציונאליות.

Product Marketing is The Glue That Holds Your Company Together. It connects your brand, your product, and your marketing but is frequently misunderstood.  Neglecting product marketing is the number one way smart people fail.   Join the If You Market podcast as we discuss Product Marketing in all it's glory with Greg Powell, Head of Brand and Product Marketing at Fundbox. 

How SME Lenders are Applying AI in Underwriting Prashant Fuloria, FundBox   Ido Lustig, BlueVine   Asher Hochberg, CircleUp  Kedar Samant, Simility, a PayPal Service Moderator: Rivka Gewirtz Little, IDC

השירות של חברת הפינטק Fundbox מאפשר לבעלי עסקים קטנים ובינוניים (SMB) להגדיל את נפח ההזמנות שלהם על ידי מתן אשראי בתנאי החזר נוחים, ועל ידי פריסת תשלומים נוחה מול הספקים. מאז הקמתה של החברה בשנת 2012, גייסה Fundbox כ-140 מיליון דולר בהובלתן של קרנות מובילות כגון Khosla Ventures, General Catalyst, Spark Growth Capital, וג'ף בזוס, מייסד ומנכ"ל אמזון. הפעם התארח אצלנו דרור יוסף מנהל הדאטה (CDO) ומנהל את הסייט בישראל GM של חברת פאנדבוקס

השבוע על הפודיום: 00:03 רן ברונשטיין – VP R&D and Operations, ב-3DSystems – סימולטורים לרופאים 00:14 דרור יוסף – GM Chief Data officer, ב-Fundbox – פלטפורמת אשראי לעסקים קטנים מבוסס AI 00:27 חדשות השבוע עם אורי טולידאנו – הבדלעי תעסוקה בין נשים וגברים והמלצה להקים בורסה קריפטוגרפית חדשה 00:33 ד"ר ענב פרידמן – מרצה וחוקרת, אוניברסיטת בר אילן – האם כדאי לשווק באופן שונה בין גברים לנשים? 00:43 סטארטאפ בפקקים – רועי קמחי – מייסד שותף ומנכ"ל, Fibo – איך לקבל החזרי מס ב2019? 00:52 "הייטק ופרשת השבוע" – פרשת "פיקודיי" עם נתן לייבזון הייטק בפקקים, האנשים מאחורי ההייטק הישראלי, תכנית האקטואליה של ההייטק. בשיתוף פעולה עם קהילת היזמים Start-up Stadium ועם עמוד הפייסבוק של כלכליסט. מנחה ראשי – אורטל הבר מנחיי משנה – נתן לייבזון, אדר חי, קרין רביב ואורי טולידאנו מפיקים – אדר חי, יזהר שי, קרין אביב אורטל הבר, שקד דמבו ניצן גל ונתן לייבזון וידאו ועריכת סרטונים לדיגיטל- שקד דמבו ע. מוזיקלית ותמיכה טכנית – קרין רביב

Brian and Irene Malatesta, head of content strategy at Fundbox, talk about her new e-book titled “What If: Designing Fair and Equal Access to Credit for Women.” They discuss the ongoing issues of inequality and unconscious bias when it comes to access to capital for women business owners.

Welcome to Episode 78 of The VentureFizz Podcast, the flagship podcast from the leading authority for jobs & careers in the tech industry. For this episode of our podcast, I interviewed Spencer Lazar, Partner at General Catalyst in New York City. Spencer has several years of experience as a Venture Capitalist. He previously held investment roles at Accel and Insight Venture Partners. At General Catalyst, he helped open their office in New York. His current portfolio includes companies like Bowery, ClassPass, Fundbox, Giphy, Lemonade, and others. In this episode of our podcast, we cover lots of great topics like: -His passion for photographing street art. -Spencer's background, including some interesting details from his time at Harvard as a resident at Kirkland House over the same period of time that Facebook was getting started. -Lessons learned from co-founding his own startup Spontaneously, an early iOS-based mobile calendar. -What he is targeting in terms of his investments at General Catalyst. -Common pitfalls for companies trying to scale. -The current vibe of the New York tech ecosystem. -Plus, a lot more. Ok, quick side note. Are you expanding your company and growing your team in New York? If the answer is yes, then you need to check out our BIZZpages. It is an employment branding solution which helps you connect with and hire amazing talent in the New York Tech ecosystem. If you are interested in learning more, send an email to info@venturefizz.com and we'll get you all the details. Lastly, if you like the show, please remember to subscribe to and review us on iTunes, or your podcast player of choice!

Subscribe to Social Business Engine Apple Podcasts |Stitcher |Google Play | Google Podcasts Modern marketers have what seems like an ever-changing and highly demanding role in today’s B2B world. There are big challenges to address - including ABS (Account Based Selling), the role of analytics, and application of AI. For this episode, Bernie invited Victor Belfor SVP of Channel Sales and Business Development at Conversica to describe what he’s seeing in his interaction with CMOs and marketers across a variety of industries. From his seat as a business development exec at a marketing tech company, Victor is exposed to marketers across many companies. That means he’s got a strong read on the pulse of the modern marketer. Victor calls it like he sees it and offers suggestions you can use, on this episode. This episode is brought to you by CONVERSICA: AI software for marketing and sales that fosters real conversations to discover the most qualified sales opportunities. You can find out more at http://Conversica.com Today’s CMOs Have The Most Integrated Role In The Company It’s not easy being the Chief Marketing Officer at a company today. That’s because digital channels have blurred the lines between marketing and sales. Modern marketers are tasked with producing results for multiple stakeholders within the organization, which requires additional expertise. They also have to integrate with product marketing, tie directly into sales, and adapt to ABS (account based selling), and more. Top all this off with the reality of reporting directly to the Chief Revenue Officer (CRO) or the CEO in many cases and you see why it’s a tall order for anyone. Victor Belfor says the role demands a person who is willing to embrace the new mindset of modern marketing along with the toolsets and apply different tech stacks to produce the results the company needs. But more than anything, the CMO MUST have the passion drive and grit to be a marketing evangelist who can shape company culture to embrace and support the new role that marketing plays in the digital economy. Join Bernie and Victor as they discuss how marketing professionals can adapt to their ever-expanding role, on this episode of Social Business Engine. How To Cope With Marketing Difficulties Caused By Increasing Analytics Better analytics is undoubtedly a good thing. Every business needs to know the data behind what is working and what is not working. But the ever-growing tech stack is producing challenges too. How do you take flows from all the tech stack solutions and interrelate them to produce a coherent marketing plan that is data-driven? How can marketers measure what really matters to the business? That’s an important thing to nail down, but it’s not the only challenge. There’s also the plethora of channels from which leads are coming in - events, webinars, social media, field marketing, PPC, SEO, and even from employees. How do you run cohort analysis and how do you track attribution from all these unique sources? How do you track costs? A good tech stack can start chipping away at it, but it also requires consistent effort to change company culture to embrace marketing’s expanded strategic role in the organization. In this podcast conversation, you’ll hear Victor share what he’s seeing marketing leaders do to address these challenges. Can AI Solve The Problems of Modern Marketing? AI has grabbed a lot of attention - and you might be tempted to say that AI is - at least in part - what is putting the pressure on modern marketers. But Victor is convinced that AI is not the cause of the marketing chasm. He says the problem when it comes to AI is that while many are interested in experimenting with AI, they are leary either because they don’t know how to use it properly or are feeling threatened by it. They want to experiment but are not completely certain if the outcomes of using AI will be better than what they are currently doing. Hearing this, Bernie asked if marketing leaders should be doing experimental, low-risk AI trials to become familiar with its benefits. But Victor says dipping your toes into the water of AI may not be the best way to get started. Why? Because with AI, the larger your dataset or time of use, the better your results will be, which in turn will give you a better idea of how AI can benefit your marketing efforts. You simply can’t accomplish that with a short-duration test, or a small dataset. You can hear what Victor recommends instead, on this episode. 3 Specific Use Cases For AI Implementation For Marketing Victor says there are three primary areas where AI can benefit the modern marketing approach… #1 - Analytics - AI allows you to build models, predict what your best customers will look like, and analyze your pipeline to anticipate what deals are most likely to close - and all this is done without human bias or false assumptions. #2 - Recommendations - AI can suggest topics for sales conversations by analyzing a variety of data sources (social media, email, CRM contacts, etc.) to help you move prospects toward sales conversations. #3 - Conversational AI - AI-powered bots can reach out to prospects, start conversations, and get as much as 20 times the ROI a human can, and can do it at scale because unless humans, AI conversationalists never call in sick. These are just some of the ways AI can address the needs of the modern marketer and you’ll hear Victor expand on them in this podcast conversation. Tune in. Share it with a friend. Featured on This Episode www.Conversica.com Victor on LinkedIn: https://www.linkedin.com/in/victorbelfor/ Victor on Twitter: https://twitter.com/vbelfor VictorB (at) Conversica.com Outline of This Episode [0:43] The insights Victor has to share about the challenges marketers face today [5:04] Two culprits that make analytics a difficult thing for marketers to handle [8:34] What is the role of AI for the modern marketer? [15:26] Use Cases where AI may be best used for modern marketing [23:56] How conversational AI can be scaled beyond any human marketing attempts [27:18] Why the marketer is the most integrated role in the modern company Resources & People Mentioned This episode is brought to you by CONVERSICA: AI software for marketing and sales that fosters real conversations to discover the most qualified sales opportunities. You can find out more at http://Conversica.com Einstein: https://einstein.ai/ Recent Episode with Basile Senesi of Fundbox: https://vengreso.com/blog/fundbox-ai-human-great-customer-experience-basile-senesi The Selling With Social Podcast with Vengreso CEO, Mario Martinez, Jr Connect With Bernie and Social Business Engine https://www.facebook.com/socialbusinessengine/ https://www.linkedin.com/in/bernieborges/ https://twitter.com/bernieborges https://instagram.com/bernieborges https://twitter.com/sbengine Subscribe to Social Business Engine Apple Podcasts |Stitcher |Google Play | Google Podcasts There are TWO WAYS you can listen to this podcast. You can click the PLAYER BUTTON at the top of this page… or, you can listen from your mobile device’s podcast player through the podcast subscription links above. This podcast originally appeared on Social Business Engine  

Subscribe to Social Business Engine Apple Podcasts |Stitcher |Google Play | Google Podcasts A great customer experience is at the heart of customer loyalty and support - and we all want OUR customers to have that "Wow!" experience. As technology improves there are more and more ways to deliver experiences customers remember and tell others about... even in industries as long-standing and conservative as lending. Bernie’s guest on this episode of Social Business Engine is Basile Senesi, head of sales and support at Fundbox. As you listen, you’ll hear how Fundbox has taken an innovative approach to providing a solution to a long-standing need in most businesses – access to credit. They do it with both data automation AND the human touch. It’s a winning combination and you’ll hear all the details from Basile on this episode. This episode is sponsored by Conversica, AI software for marketing and sales that fosters real conversations to discover the most qualified sales opportunities. Learn more at http://conversica.com The Lending Business Hasn’t Changed Much Over The Years, Until Now If you’ve ever completed a loan application - personally or for business purposes - you know there are a great many points of data collected about you and your financial situation. The problem is that the lending industry hasn’t evolved much since the 1950s, which means there is a great deal of data about your financial situation that loan applications simply can’t capture. Bernie’s guest, Basile Senesi highlights how Fundbox challenges traditional underwriting standards by looking carefully at the new sources of info available rather than just credit history and collateral. They do it through AI integration with accounting software, bank accounts, and more. Harnessing the power of AI enables Fundbox to serve clients who may have previously been “unqualified” for funding and provide a tailored customer experience that is nothing short of “great.” Find out more from this podcast conversation. Getting Into The Middle Of A Business Owner’s Workflow Much of what businesses need when it comes to cash flow is determined by their daily workflow and procedures. But the evaluation of risk associated with small business lending doesn’t typically take workflow and operational patterns into account at all. That’s why Fundbox is so unique. Through the smart use of AI, the company is able to get into the middle of a customer’s day to day workflow to discover data points about the WAY that customer does their business that will support modern lending decisions. But there's more AI can do besides help you get qualified for funding. Imagine what it would be like for your customers to have such a great experience with your company - because the solution you provide is a perfect fit for their needs - that they become an enthusiastic ambassador for your company. AI can make it a reality. Listen to learn how Fundbox is making it happen, and use their experience to stir up ideas for how you can use AI to enhance the customer experience you are delivering. This episode is sponsored by Conversica, the sales assistant that engages every lead, 24/7/365, and never calls in sick. The Real Power of AI Comes By Pairing It With The Human Touch Much of the noise you hear about the coming AI revolution in business has to do with the fear that machine learning and artificial intelligence will replace jobs now done by humans. Basile says that while that may be a concern in some sectors, he believes that the smart integration of AI alongside the human characteristic of intuition is a winning combination that will always be of benefit. In this podcast, you’ll hear Basile describe how that approach works for Fundbox as they provide financing solutions for small business. They are not only able to better analyze credit risks using this AI/Human partnership, they are also able to create better solutions for their customers, equip their team members to use human intuition more effectively because of the data AI provides, and provide a customer experience that is tailor-made to each situation. It’s amazing how well it works, be sure you listen. AI Is Here To Stay: Learn How To Use It To Enhance What You Do Best In his closing comments, Basile points out how the growth and development of AI is not going to slow down. His suggestion: Rather than fear the advent of AI, those of us in the business world need to learn how to harness its power to our advantage, to make our human interactions even better because of the efficiency and insight AI can provide. AI enables us to make better decisions - in Basile’s case, in terms of credit risks and customer needs. AI helps us understand customer needs better so we can create solutions to move their businesses forward. AI empowers product development, marketing, and customer support in deeper, more meaningful ways - especially when coupled with the human touch. Overall, AI makes for great customer experiences, which will fuel success in any industry. Featured on This Episode Fundbox: https://fundbox.com/ Connect with Basile on LinkedIn: https://www.linkedin.com/in/basilesenesi/ Conversica AI Sales Assistant Outline of This Episode [1:51] Small business funding: Fundbox does it in a unique way [2:43] The innovative way Fundbox has approached the lending industry for small business [7:16] Leveraging AI to give Fundbox a competitive edge [13:35] Using the AI available to fuel marketing and product design [20:30] Lessons learned from using AI for marketing and workflow enhancement [23:20] Bernie’s summary of this episode [27:24] AI is here to stay, so use it as a tool to enhance what you do best Resources & People Mentioned This episode is sponsored by Conversica, AI software for marketing and sales that fosters real conversations to discover the most qualified sales opportunities. Learn more at http://conversica.com Gusto - online HR services: https://gusto.com/ Quickbooks - accounting software: https://quickbooks.intuit.com/ Freshbooks - accounting software: https://www.freshbooks.com/ Eventbrite - event management platform: https://www.eventbrite.com/ Conversica - AI Platform: https://www.conversica.com/ Cortera - Business Credit Reports: https://www.cortera.com/ Wells Fargo - https://www.wellsfargo.com/ Citibank - https://online.citi.com/US/login.do Experian - https://www.experian.com/ TransUnion - https://www.transunion.com/ Pardot - Marketing Automation: https://www.pardot.com/ Sales Navigator - Sales Software: https://business.linkedin.com/sales-solutions/sales-navigator The Selling With Social Podcast with Vengreso CEO, Mario Martinez, Jr Connect With Bernie and Social Business Engine https://www.facebook.com/socialbusinessengine/ https://www.linkedin.com/in/bernieborges/ https://twitter.com/bernieborges https://twitter.com/sbengine Subscribe to Social Business Engine Apple Podcasts |Stitcher |Google Play | Google Podcasts There are TWO WAYS you can listen to this podcast. You can click the PLAYER BUTTON at the top of this page… or, you can listen from your mobile device’s podcast player through the podcast subscription links above. This podcast originally appeared on Social Business Engine

During this show you will discover … Just how building business credit helps any company, at any stage of its existence – even startup ventures How the age and how profitable a business is will define the kinds of funding it can get How startups can leverage entrepreneurs personal assets for collateral … … or turn to crowdfunding Where angel investors and venture capitalists come into the picture How building histories with online vendors like Square, PayPal, and Fundbox can all pay dividends later How some businesses can get grants from the government Where unsecured business financing and unsecured bank lines of credit come into play How the 6-month milestone opens up new funding options Where a history with PayPal, Fundbox, and Square pays off How a year in business can lead to merchant cash advances … … and revenue lending What kind of funding opens up once a business starts to turn a profit and has tax returns How to qualify for term loans and lines of credit And how to get the coveted SBA loan And much more…

Maintaining healthy, positive cash flow can often be a struggle for small business owners. Unplanned expenses, and late paying customers can make life hard for most companies, whether you are just starting out or you've been in business for decades. One way to balance the ups and downs of cash flow in business is having access to capital when you need it the most. In this episode, Brian talks with Rose Zhong, VP for Finance at Fundbox, a company that helps solve payment and credit problems for small businesses. They discuss how business owners can develop a long-term credit strategy while dealing with the ebbs and flows of running a company.  

Beyond the Hype: AI for SMB Fintech Prashant Fuloria, Fundbox

Technology keeps making it easier to separate you from your money. PayPal enabled you to easily send money via the internet. Square allowed businesses to use a smartphone to accept your credit card. Apple Pay and Android Pay flipped this idea on its head and let you pay with your phone instead of a card. Despite this innovation in how consumers can pay businesses, the way businesses pay each other hasn't changed much. San Francisco startup Fundbox wants to give businesses another option.

In the past, it has been tough to get money to grow your business. The great news is, the tides have turned, and it is now become easier than ever to get approved… if you know the proper steps to take. During this show, we will be joined by our special funding partners, one of the fastest growing and most recognized up-and-coming lenders, to decode what you need to know to easily get loans and credit lines to have an amazing 2018. This lender is all the buzz with sources like Small Biz Trends, Tech Crunch, Business Journal, the Wall Street Journal, and many other experts because they have designed the easiest and fastest way to get credit lines that we have ever seen. During this live training, you will discover: The “Golden Years” of business lending… how and why before 2008 it was simple to get access to money to grow The 2008 “bubble” … how the recession caused funding to “dry up” … and how this made it harder than ever for businesses to access capital The “tech disruption” period… how technology started to make it easier for business owners like you to access loans and credit lines How the “rise of the cloud” created new underwriting standards and models… and how this has made it easier for you to access loans and credit lines quickly through automated approvals How the mass-collection of online data has helped make it easier for lenders to lend… and how you can directly benefit to get money you once could not access Say “goodbye” to the FICO score… how more lenders than ever are now approving customers for loans and credit lines without needing to pull consumer credit and without using the FICO score to make lending decisions Welcome to the new age… why and how you can EASILY get money now, taking advantage of all this growth… and how you can do so within 24 hours or less with no consumer credit check A review of multiple ways you can get credit lines… easier than you ever have before, and get your funding in 48 hours or less Get approved for a low-rate credit lines DURING THE SHOW! And much more… During this show you will see how technology has now helped make it easier than ever for YOU to get loans and credit lines. You will even be able to get approved for credit lines right during the event, in REAL-TIME, and access your funds the next day!

Segment 1: Eyal Shinar is the Founder and CEO of Fundbox, and an expert in financial technology, AI and technology management. He was recently recognized by Goldman Sachs as one of the 100 Most Intriguing Entrepreneurs of 2016 at its Builders + Innovators Summit.Segment 2: Vanessa Shaw is a sought-after speaker and expert on business mastery, personal leadership and 6 and 7 figure income strategies. She is the creator of The Boutique Business Model and The Big Bold Event. She has also worked for the United Nations in Geneva, Switzerland, and has held senior leadership roles within the International Coach Federation.Segment 3: Frank Ford has had a successful career in the entertainment industry for the last 25 years and is one of the founding members and owner of Four Day Weekend, a comedy institution in Texas. As a professional actor, Frank has appeared in numerous commercial spots, television shows and films. He is in the process of publishing his first book entitled, Happy Accidents, which teaches people how use the philosophy of improvisation in a positive way to enrich their lives. Segment 4:Barry Moltz shares how to get your business unstuck.Segment 5: Michael Tys is a developer for Tech Magic in Ukraine. Sponsored by Nextiva

Next Generation Invoice & Receivables panel with Jed Simon, CEO of FastPay; Bertram Meyer, CEO of Taulia; George Shapiro, CEO & Chairman of The Interface Financial Group; Kevin Daniels, Chief Product Officer of C2FO; Krista Morgan, CEO of P2Binvestor; Eyal Shinar, CEO & Founder of Fundbox; and moderator Matt Harris, Managing Director of Bain Capital Ventures, at LendIt USA 2015.

Reid Abedeen founder of Safeguard Investment Advisory Group with main offices located in Corona, CA. Reid's firm specializes in Retirement, Wealth Management and Investment Planning with a focus on “The Big Picture.” Reid has been featured in numerous media outlets and publications and co-hosts a radio show on AM590 The Answer Evan Weber has been involved in ecommerce and digital marketing for more than 15 years. He have been part of several successful start-ups and Internet ventures. Currently, he run his digital marketing agency and other Internet companies. He is known as an expert in most aspects of digital marketing and social media, and takes a lot of pride in living up to his reputation. He is a recognized conference speaker and content producer in the areas of Search marketing, social media, conversion rate optimization, re-targeting, and more Jordan MacAvoy Vice President of Marketing at Fundbox. Jordan MacAvoy manages the company's go-to-market strategy. Prior to joining Fundbox, Jordan spent nearly 6 years at Intuit's Demandforce, where he was the Director of Business Development, overseeing go-to-market efforts across both emerging and established verticals, including the Quickbooks platform. Prior to Intuit and Demandforce, Jordan held both marketing and business development roles at a variety of seed stage and venture backed companies. Jordan is a graduate of Boston University.