Fundbox Raises $40M To Keep Small Businesses’ Cash Flowing

IT TAKES MONEY to make money, so the saying goes. Which is why, for so many small businesses, the sometimes months-long gap between filing an invoice and actually getting paid can spell death when you’re already barely scraping by.

Enter FundBox, an alternative lending startup that’s trying to fix this problem by doling out advances to small businesses on invoices of anywhere from $100 to $25,000. And now, Fundbox has raised a little money of its own—a $40 million Series B round led by General Catalyst Partners, to be exact—which will help expand its service in the increasingly competitive world of alternative lending.