Fundbox, an embedded working capital platform for small businesses, has announced the appointment of Ram Muthaiyan as its new chief risk and product officer.
Small businesses often face challenges accessing capital in a fragmented lending market, despite recent digital advancements, according to Muthaiyan. Fundbox aims to address this issue by granting access to working capital through cross-platform data sharing and AI-powered underwriting. Using APIs, the company integrates its services into the digital tools its customers already use and has connected with over 500,000 small businesses to date.
Muthaiyan brings relevant experience from his previous role as chief risk officer at Zip US where he enhanced the company’s risk assessment capabilities and developed product features that drove the business to profitable growth. Fundbox will leverage Muthaiyan’s expertise to help deliver seamless credit and payment experiences to small business owners.
