SAN FRANCISCO, Oct. 19, 2016 /PRNewswire/ -- Goldman Sachs
(NYSE: GS) is recognizing Fundbox Founder and CEO, Eyal Shinar as one of the 100 Most Intriguing
Entrepreneurs of 2016 at its Builders + Innovators Summit in
Santa Barbara, California. Goldman
Sachs selected Shinar as one of 100 entrepreneurs from multiple
industries to be honored at the two-day event.
Fundbox has simplified and radically improved the way that small
businesses get paid by solving one of the biggest pain points faced
by small businesses: maintaining positive cash flow. Under Shinar's
leadership, Fundbox has developed a tech-driven tool that employs
advanced underwriting algorithms and deep learning capabilities to
instantly advance funds tied up in outstanding invoices, helping
business owners eliminate their cash flow challenges and grow their
business. The product gives small businesses access to capital by
the next business day and only requires that they pay for what they
use, making it a great alternative to traditional financial
products.
"The Goldman Sachs honor as one of the 100 most intriguing
entrepreneurs of 2016 is humbling," said Eyal Shinar, founder and chief executive
officer, Fundbox. "This recognition is a huge testament to the
Fundbox team and our laser focus on helping small businesses thrive
by offering them previously unavailable financial solutions."
"We are honored to recognize Eyal
Shinar as one of the most intriguing entrepreneurs of 2016,"
said David Solomon, co-head of
investment banking at Goldman Sachs. "This is the fifth year that
we've hosted the Builders + Innovators Summit where emerging
business leaders gather to discuss their common interests in
building thriving organizations."
For more than 145 years, Goldman Sachs has been advising and
financing entrepreneurs as they launch and grow their businesses.
In addition to honoring 100 entrepreneurs, the summit consists of
general sessions and clinics led by Goldman Sachs experts, seasoned
entrepreneurs, academics and business leaders as well as resident
scholars.
Shinar is an expert in financial services and technology. Prior
to his current position as CEO and founder of Fundbox, 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.
Fundbox has raised over $100
million in capital from leading Silicon Valley investors
such as Khosla Ventures, General Catalyst Partners, and Spark
Capital Growth. The company leverages cutting-edge technology and
data science to create better financial options for the sector.
Fundbox currently serves more than 50,000 small businesses and has
underwritten more than 39 million invoices.
For more information on Fundbox, please visit
www.Fundbox.com.
About Fundbox:
Fundbox is the leading platform for small and medium-sized
businesses to manage and optimize cash flow. Through its advanced
data science and analytics capabilities, Fundbox taps into numerous
data signals to assess customers and invoices for risk
automatically and instantly. Small and medium-sized business owners
are able to unlock capital tied up in outstanding invoices with a
single click - funds show up in their bank account in as little as
24 hours. Leading Silicon Valley entrepreneurs, finance veterans,
and venture capitalists, including Spark Capital Growth, Bezos
Expeditions (the personal investment arm of Jeff Bezos), General Catalyst Partners, Khosla
Ventures, SV Angel, former CitiGroup CEO Vikram Pandit, and other prominent investors
back the company.
Media Contact:
Tracy Rubin/ Jill Fox
JCUTLER media group
tracy@jcmg.com / jillian@jcmg.com
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SOURCE Fundbox