Invoice Financing Startup Fundbox Hires ex-Google Exec to Lead Product Strategy

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Invoice financing startup Fundbox has hired Prashant Fuloria as chief product officer. Fuloria comes from Google and Facebook where he led product management and most recently was the senior vice president of advertising at Yahoo.

Prashant Fuloria

At Fundbox, Fuloria will spearhead product and engineering efforts, including product strategy, design and delivery. The three year old San Francisco-based startup also hired Oren Katz to head R&D. Katz has managed R&D for digital marketing startup eXelate, which was recently acquired by Nielsen.

It also appointed former senior counsel of The Bank of New York Mellon Michal Cieplinski as chief compliance officer and Johnson Ma from Trial Pay to head business development.

Fundbox does invoice financing for small businesses. It assesses invoices individually by plugging into the company’s accounting software and makes a deposit for the amount to the company’s bank account the next day.

The startup was founded by Eyal Shinar, former VP at Battery Ventures in January 2013 and has raised $108 million in venture capital from investors like Spark Capital, Khosla Ventures and Blumberg Capital. It competes with startups like BlueVine and C2FO in invoice-financing and factoring business.

Last modified: June 29, 2016
Srividya KalyanaramanAs editor, Srividya drives daily news coverage and editorial strategy. Previously, her work has appeared in publications like Money magazine, Advertising Age, FirstPost and The Economic Times. She has also dabbled in business intelligence solutions, and holds a Masters degree in Business and Economic Reporting from NYU. Write to her at srividya@debanked.com

Category: Business Lending

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