The business invoice lender received series D funding from investors including Allianz X and BNY Mellon at a $1.1bn valuation.

US-based business finance provider Fundbox raised $100m yesterday in a series D round featuring Allianz X, a subsidiary of insurance provider Allianz, and investment banking firm BNY Mellon.

Healthcare of Ontario Pension Plan (HOOPP) led the round, which included Khosla Ventures, The Private Shares Fund and Arbor Waypoint Select Fund, while BNY Mellon’s contribution came from funds managed by Newton Investment Management North America.

Founded in 2013, Fundbox provides small and medium-sized business with loans to pay off their invoices,…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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