CEO and Founder of Fundbox
Eyal Shinar is CEO and founder of Fundbox. Prior to his current role he served as a vice president at Battery Ventures where he led many projects and investments in the areas of finance, machine learning and software as a service. Additionally, Shinar was one of the first employees of Old Lane, a $5.5 billion New York-based global hedge fund (later acquired by Citigroup), and also worked for Castle Harlan, a leading $6 billion NYC-based buyout firm. Shinar earned his MBA from The Wharton School of Business at the University of Pennsylvania.
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The idea of complete separation between business and personal credit is, sadly, an illusion.
If SMBs were paid on time, they could hire an additional 2.1 million employees -- and reduce U.S. unemployment by 27 percent.
That so many small businesses fail is no mystery when, on average, each is owed $84,000 for products and services delivered but not paid for.
A good deal of payments go out late. Check out this graphic to see which industries are most affected.