Industry News

Eventbrite links up with Fundbox

Eventbrite has acquired small business growth company Fundbox to offer US event creators access to its credit solution.

Fundbox improves the way that small businesses pay and get paid. The company helps provide small businesses with greater access and choice to financial solutions and provides credit limits up to $100,000 and can transfer funds the next business day.

“We’re excited to welcome Fundbox into our partner community as an option for event creators who require additional capital to grow their business,” said Gilad Horev, vice-president of Platform Product at Eventbrite.

“With this integration, event creators of all sizes can connect Fundbox to their Eventbrite account, and leverage their historical sales data to qualify for a loan that they can use to reserve a larger venue, hire more staff or reach more attendees.”

Customers can now select the Fundbox extension located in the Eventbrite marketplace and install it to their account. Once installed, Eventbrite customers can use the Fundbox extension to connect their business bank account without leaving Eventbrite.

Fundbox renders a credit decision and, if approved, makes funds available as soon as the next business day.

“At Fundbox, we are committed to reducing any unnecessary financial friction that can disrupt or prevent event creators from reaching their goals,” said Sasha Dobrolioubov, senior manager of business development for Fundbox.

“One way we can help avoid disruption is by bringing our credit services directly to any event organizers’ point of need. Now, any Eventbrite customer who might need to tap into a business line of credit will have convenient access to Fundbox from within Eventbrite. If there are any unanticipated expenses, Fundbox can provide short-term financing with a click of a button.”

Image: Fundbox