Fundbox Looks to Streamline the $74 Trillion B2B Invoice Market

Fundbox, a startup aimed at streamlining the cash flow between businesses, has raised $17.5 million in Series A funding round led by Khosla Ventures and is sporting some impressive names in the field of finance, including former Citigroup CEO Vikram Pandit.

Fundbox acts as a middleman between companies, decreasing the time it takes for invoices to be cleared by fronting the money owed. The company has been operating in a stealth mode while signing up thousands of businesses for its service and already handling tens of thousands of invoices per day, Fundbox claimed.