Fundbox, a cash flow optimization tool for small businesses, recently announced the launch of its new smartphone app that allows customers to instantly pay their outstanding invoices while on the go.
The iOS app reportedly offers small business owners the same functions as the web-based version of the application. And like the web version, the new app offers users a convenient one-click invoice financing solution as well as the ability to manage repayments.
In today’s world, businesses owners and customers have come to expect one-click, end-to-end options. This has created the need for not only more convenient tools. Increasingly mobile business owners and customers have led to demand for more mobile solutions too that can help business owners manage their day-to-day business activities from wherever they are. Unfortunately, many small businesses today are still consistently relying on three or more mobile finance management apps to run their businesses. However, with the new Fundbox iOS app, customers will now be able to overcome cash flow gaps in real time.
Fundbox Cash Flow App Helps Close Gaps from the Road
“Our mission has always been to empower small businesses with an easy and convenient way to close their cash flow gaps,” Fundbox Chief Product Officer Prashant Fuloria said in the official release announcing the new app. “Mobile use is the new norm, and our app offers a more streamlined experience for small business owners to manage their business finances when working outside of the office or away from their computer, through this natural touch point.”
Like the Fundbox dashboard, the new app will connect users with existing accounting software that will render cash flow gaps obsolete at the click of a button. New users can also register right from the app.
The launch of the app comes nearly a year after the company secured $50 million in its equity funding led by investors such as Entrée Capital, Bezos Expeditions (the personal investment arm of Amazon CEO Jeff Bezos), Ashton Kutcher and Guy Oseary’s Sound Ventures, and previous investors Blumberg Capital, Shlomo Kramer, General Catalyst and Khosla Ventures.
The company says that it has underwritten more than 39 million invoices and helped more than 30,000 SMBs nationwide. With the new iOS app, that number will definitely soar to new record heights.