FreshBooks

FreshBooks is a cloud-based accounting software company that simplifies online invoicing and financial management for business owners. Its platform is designed to be user-friendly, offering features such as invoicing, expense management, online payments, and time tracking. This automation helps small businesses efficiently manage their finances and maintain accurate bookkeeping. Serving customers of all sizes across more than 160 countries, FreshBooks is recognized for its exceptional customer support, having received multiple Stevie Awards. The company operates from offices in Canada, Croatia, Mexico, the Netherlands, and the United States.

Bruce Burgess

Director, Advertising

Chong, Simon

Director

Michael McDerment

Co-Founder and Chairman of the Board

2 past transactions

FastBill

Acquisition in 2021
FastBill GmbH, based in Essen, Germany, specializes in web-based finance management solutions tailored for small businesses, freelancers, and e-commerce users. The company offers a comprehensive suite of tools that enables users to create and send estimates, invoices, and credit notes online. Additionally, FastBill's platform facilitates digital document management for services and products, project organization, expense tracking, and financial reporting. Its features also include time tracking and client management options. By integrating accounting and banking functions within a user-friendly interface, FastBill streamlines bookkeeping processes, allowing users to automate data transmission and focus on their core business activities.

Facturama

Acquisition in 2020
Facturama is an online platform aimed at improving financial management for professionals and microenterprises in Mexico. The company addresses the critical issue of inadequate fiscal administration, which contributes to the high failure rate of small businesses in the country. Facturama's electronic invoicing services allow users to issue, receive, and validate invoices, manage payroll, and handle various financial documents such as payment complements and credit notes. By offering these organizational tools, Facturama enables small and medium-sized enterprises to maintain better control over their finances. The electronic invoicing market in Mexico is significant, valued at approximately $3 billion annually, and has seen substantial growth due to government mandates requiring electronic delivery of invoices. With over 36 million taxpayers in Mexico, Facturama serves a vital need in the business landscape, helping to enhance financial stability and compliance for its users.
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