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Fundbox selects LoanPro Software to accelerate payment & credit innovation

By Pavithra R

June 19, 2020

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San Francisco based Fundbox, a leading B2B payment and credit network has announced that the company has selected LoanPro, a leading cloud based loan servicing platform, to accelerate the development of flexible credit management capabilities.

“At Fundbox, we want to focus on our core competencies, including our industry-leading data science and our simple, intuitive user experience that delivers credit in context. These strengths have helped Fundbox continue to grow through COVID-19. LoanPro allows us to give our customers greater credit flexibility while freeing our engineers to focus on the data science and user experience aspects of our growing B2B payment and credit network,” said Prashant Fuloria, Fundbox’s COO.

“At LoanPro, we’ve worked hard to develop a flexible platform that allows financial services companies to simplify their loan management processes while reducing time to market. Given Fundbox’s accelerated growth, our partnership will provide them with turnkey functionality and expertise, freeing their developers to focus on service value creation,” said Lloyd Roberts, LoanPro’s Chief Sales Officer.

Recently Fundbox announced Series C funding.

LoanPro is an elite, loan-servicing-software package offered by Simnang, LLC. The platform is built entirely on cloud APIs, providing a dynamic and flexible solution and is built as an API (application programming interface). LoanPro offers an online application that clients can customise according to their needs. It helps in automating routine communications tasks, provides transaction history reports, and allows users to exchange data in lightweight, easy-to-read JSON objects.

Founded in 2013, Fundbox leverages technology to unlock growth for driven businesses by accelerating payments and credit. The FinTech, through its B2B payment and credit network, is aiming to disrupt the $21 trillion B2B commerce market. With Fundbox, sellers (of all sizes) can increase average order volumes (AOV) and improve close rates by offering competitive net terms and payment plans to their SMB buyers.

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