Fundbox Welcomes First CFO Signaling An IPO In The Making

Fintech startup Fundbox, which lends money to small businesses, signaled on Tuesday its intention to go public by naming its first finance chief officer, a crucial hire for late-stage private companies preparing for an eventual IPO.

The San Francisco-based Fundbox, which frees up cash flow by extending a credit line to small companies against unpaid invoices, named Marten Abrahamsen CFO effective January 3. Abrahamsen joins Fundbox, which extends loans from between $10,000 and $100,000, from The Chernin Group, an investment firm that specializes in tech businesses, among other sectors.