Fundbox Hires Experienced Engineering Leader Offer Karp as New Chief Technology Officer

San Francisco – (business wire) — Fundbox, a leading embedded working capital platform for small businesses, today announced that it has hired veteran engineering executive Ofer Karp as its new Chief Technology Officer and General Manager of Tel Aviv. Based in Israel, Karp oversees all engineering and technology functions, including product engineering, platform engineering, information security, and heads the company’s Israel office.

Karp is responsible for scaling Fundbox’s engineering capabilities as demand for Fundbox’s working capital solutions continues to grow. He also manages the growing product and business complexity as the company’s product offering continues to expand, building a team of engineers at Fundbox, data his scientists, product and his UX designers to help the company grow to Israel. Strengthen your presence in

Fundbox CEO Prashant Furoria said: “During his tenure at WalkMe, Ofer played a key role in expanding and enhancing our engineering capabilities, helping the company debut on the public market. It’s essential for Fundbox as it continues to build a business that does what it does.”

Fundbox gives small businesses more control over their cash flow cycle, supporting business owners through a fast, flexible, on-demand capital and expense management solution. The company has continued to grow over the past few months, recently announcing that it has surpassed his $160 million annual revenue run rate.

“As an adult, I watched my parents struggle with the daily challenges of running a small business,” Karp said. “Since then, it has been my goal to work for a company that helps small businesses. I look forward to lifting it.”

Previously, Karp was Vice President of Engineering at WalkMe, an Israeli-American SaaS company, where he led engineering and product efforts across three offices and expanded the team to over 300 employees. Prior to that, he held multiple positions at Perfecto Mobile (acquired by Perforce) and Hewlett Packard, where he joined through the Mercury Interactive acquisition.

About Fundbox

Fundbox is a built-in working capital platform that helps small businesses optimize cash flow. Fundbox provides agile, flexible, on-demand capital and expense management solutions, responsive to where customers are, either within trusted business systems or through experiences embedded natively on Fundbox’s website and mobile apps. increase. The company secures over $3 billion of his working capital for millions of small businesses. Fundbox is headquartered in San Francisco, California with offices in Dallas, Texas. New York, New York; and Tel Aviv, Israel. For more information, please visit fundbox.com.