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Another Israeli Fintech company is on its way to Wall Street via SPAC. Calcalist has learned that data-based credit startup Fundbox Inc. is in negotiations to merge with a SPAC to raise $300 million at a $1.5 billion valuation.Founded in 2013 by Eyal Shinar, who until six months ago served as its CEO, Fundbox offers credit solutions to small and medium-sized businesses. Since Shinar switched...

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B2B credit network Fundbox secures fresh investment from MUFG 27 May 2020 US B2B payment and credit network Fundbox has secured a fresh equity investment from MUFG Innovation Partners, the corporate capital arm of the giant Japanese bank. With this financing, MUFG tripled its investment in Fundbox’s recent Series C, bringing the total equity funding in the round to almost $200 million. "We are pleased with how Fundbox’s advanced...

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