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FreshBooks logo — Our mission: Execute extraordinary experiences every day to...

FreshBooks

Our mission: Execute extraordinary experiences every day to help owners grow

Founded 2003 Canada Toronto, Canada 394 employees Growth Total: $403.75M Financial Services, Fintech +1

General Information

Company Name FreshBooks
Founded Year 2003
Location Canada Toronto, Canada
Employees 394
Industries Financial Services, Fintech, Payments
Funding Stage Growth
Business Model SaaS, B2B, Embedded Finance
Revenue Model Subscription, Tiered Pricing
Social

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About FreshBooks

FreshBooks, founded in 2003, is a robust player in the Financial Services sector, with particular strengths in Fintech and Payments. Headquartered in Canada, this company is committed to easing the financial management processes for small business owners and freelancers, aligning perfectly with its mission to "execute extraordinary experiences every day to help owners grow".

FreshBooks recently secured a significant $125.00 million in Debt Financing from reputable investors such as Morgan Stanley Investment Management and Nick Nocito on 01 March 2025. This substantial investment underscores investor confidence in FreshBooks' capacity to drive innovation within its niche. The company's inclusive culture, where ideas are valued and growth is supported, positions it not only as a dynamic workplace but also as a potentially lucrative addition to any investment portfolio.

Business keywords: owner-first accounting, small business success, freelancer financial management, invoicing, time tracking, expense management, billing, client engagement, bookkeeping, web application, payroll, customer support, financial platform

Services & Products

Invoicing and Billing
Expense Management
Payroll Services
Accounting Solutions
Time Tracking
Financial Reporting

Target Customers

Freelancers Solopreneurs Small Businesses Businesses with Employees Businesses with Contractors Professional Services

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $125.00M 2
Morgan Stanley Investment Management, Nick Nocito
01 Mar 2025
Debt Financing $125.00M 2
JPMorgan
JPMorgan, Bank of Montreal
01 Aug 2022
Debt Financing $80.75M 6
Gaingels Barclays Accomplice
Gaingels, Barclays +4
01 Aug 2021
Growth Equity VC Undisclosed 1
Northleaf Capital Partners
Northleaf Capital Partners
01 Jan 2020
Early VC Undisclosed 1
JPMorgan
JPMorgan
01 Aug 2019
Series B $43.00M 3
Accomplice Oak Investment
Accomplice, Oak Investment +1
01 Jul 2017
Series A $30.00M 3
Atlas Venture Oak Investment
Atlas Venture, Oak Investment +1
01 Jul 2014

Latest News

View All
WePay to power payments for Volusion — Fintechfutures.com
WePay to power payments for Volusion
Fintechfutures.com Mar 27, 2025

FreshBooks Alternatives & Competitors

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FreshBooks vs
Wave HQ
Wave HQ Canada

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276 employees
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FreshBooks vs
FreeAgent
FreeAgent United Kingdom

💙 Loved by over 200,000 people 🙌 Built by a friendly bunch 🏆 World class SaaS

Series C
389 employees
Financial Services, Fintech
FreshBooks vs
Xero
Xero New Zealand

Powerful enough for your accountant, simple enough for you.

IPO
6143 employees
Finance, Financial Services
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FAQ About FreshBooks

Our mission: Execute extraordinary experiences every day to help owners grow
FreshBooks was founded in 2003.
FreshBooks is headquartered in Toronto, Canada.
FreshBooks operates in Financial Services, Fintech and Payments. Its work centres on owner-first accounting, small business success, freelancer financial management and invoicing. Its customers include Freelancers, Solopreneurs and Small Businesses.
FreshBooks has a SaaS, B2B and Embedded Finance business model. Its revenue comes from Subscription and Tiered Pricing.
FreshBooks has approximately 394 employees.
FreshBooks has completed 7 funding rounds, raising a total of $403.75M. The latest funding stage is Growth.
FreshBooks offers: Invoicing and Billing, Expense Management, Payroll Services, Accounting Solutions, Time Tracking, Financial Reporting.
Top alternatives and competitors to FreshBooks include Wave HQ, FreeAgent, Xero, Indy, Swipe (YC S21). These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
FreshBooks and Wave HQ are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for FreshBooks, https://bouncewatch.com/company/freshbooks, updated 19 May 2026. When citing, please name BounceWatch and link this page.

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