What is FreshBooks's business focus and history?

FreshBooks is a funded company based in Toronto, Canada, founded in 2003 by Mike McDerment, Levi Cooperman, and Joe Sawada. It operates as a cloud-based accounting software provider for small and medium-sized businesses. FreshBooks has raised multiple funding rounds, including a $80.75 million Series E in August 2021, reaching a valuation over $1 billion. The company has 35,000 active competitors, including 3,500 funded and 1,200 that have exited. Its top competitors include companies like Xero, Sage, and Intuit.

FreshBooks Corporate Details & Core Services

FreshBooks is a cloud-based accounting software designed for small and medium-sized businesses, offering features such as invoicing, expense tracking, time management, and financial reporting.

FreshBooks Contact Information & Official Links

Website https://www.freshbooks.com/
Social        
Email id help@freshbooks.com
Phone number 1-866-303-6061
Head office address Toronto, Ontario, Canada
Tags Accounting Software Cloud Computing Small Business Solutions

What are FreshBooks's Key Business Metrics & Stats?

No of employees 600
Founded year 2003
Type private
SAICS CODE 7372
NAICS Code 511210
Industry Software
Location Toronto, Ontario, Canada
Subsidiary Company facturama.mx
Other website freshbooks.co.uk, freshbooks.us
Pricing Strategy Lite, Plus, Premium, Select
FreshBooks Firmographic Snapshot 2026 2003 Founded Year 600 Global Employees Canada Headquarters Software Industry Private Type Verified by DexterAgent.ai

How much funding has FreshBooks raised to date?

Name Description
Funding Amount USD 80.8 Million
Stage Series E
Latest Valuation 1 Billion (USD)
Lead Investor Accomplice
Investors Accomplice, J.P. Morgan, Gaingels, BMO, Manulife, Barclays

What are FreshBooks's Core Products?

Name Description
Invoicing Create professional invoices in minutes with customizable templates.
Expense Tracking Track expenses with mobile receipt scanning and bank account imports.
Time Tracking Log billable hours and automatically add them to invoices.
Payments Accept online payments via credit card and bank transfer.
Reporting Generate financial reports to monitor business performance.

What are the latest developments at FreshBooks?

Date Type Description
August, 2021 Funding FreshBooks secures $130M in funding, reaching a valuation over $1 billion.
August, 2019 Investment JPMorgan Chase makes a strategic investment in FreshBooks.

What industry awards and recognitions has FreshBooks received?

Date Type Description
, Customer Service FreshBooks recognized with nine Stevie awards for best customer service.

FreshBooks VS Xero VS Sage VS Intuit VS Wave Financial VS Skynova : 2026 Comparison

Feature FreshBooks Xero Sage Intuit Wave Financial Skynova
Core Strengths Invoicing, Expense Tracking, Time Tracking, Payments, Reporting Xero Accounting Software, Xero Payroll, Xero Projects, Xero Expenses, Xero Analytics Plus Sage Intacct, Sage X3, Sage 50, Sage 300, Sage HR TurboTax, QuickBooks, Credit Karma, Mailchimp Accounting, Invoicing, Payroll, Payments, Receipts Skynova FREE, Skynova PRO
Founded Year 2003 2006 1981 1983 2009 2011
Stock Name/Ticker XRO (ASX) SGE (London Stock Exchange) INTU (NASDAQ)
Type private public public public private private
Global Employees 600 4610 11074 18200 370 2
Revenue (Annual)   $2.1 Billion(2025) $2.7 Billion(2024) $14.4 Billion(2023) $20 Million(2016)  
Headquarters Toronto, Ontario, Canada Wellington, New Zealand North Tyneside, Tyne and Wear, United Kingdom Mountain View, California, United States Toronto, Ontario, Canada West Chester, Pennsylvania, United States
Latest Valuation $1 Billion $1.4 Billion $0 $111.2 Billion $405 Million  
LATEST REVENUE (TRILLIONS USD) EMPLOYEE COUNT (THOUSANDS) INNOVATORS VISIONARIES DISRUPTORS GIANTS Xero 2.1 | 4610 Sage 2.7 | 11074 Intuit 14.4 | 18200 Wave Financial 20 | 370 Competitive Landscape 2026 DexterAgent.ai
Name Description
Legal Name 2ndSite Inc.
Cin number
GST number
Registration number

Who is in FreshBooks's executive leadership team?

Name Designation
CEO Don Epperson
Chair of The Board and Co-Founder Michael McDerment
Co-Founder and Government Relations Levi Cooperman

Where are FreshBooks's primary office locations?

City Country
Toronto Canada
Zagreb Croatia
Guadalajara Mexico
Amsterdam Netherlands
San Luis Potosí Mexico

What are the current business signals and market intelligence for FreshBooks?

Spending next 3 months Sales and Marketing, Research and Development, Strategic Acquisitions
Pain points Complex Accounting Processes, Time-Consuming Invoicing, Expense Management
Sales motion Direct Sales, Online Subscriptions
Buyer Persona Small Business Owners, Freelancers, Accountants
Type of customer Small Businesses, Freelancers, Self-Employed Professionals
Key customer domain

What are FreshBooks's risk management and compliance ratings?

GDPR RIsk No
Privacy Risk No
Company Ratings 3.9
Glassdoor Rating 4.5

What are FreshBooks's business model and service classifications?

Saas Yes
Offline Stores No
Service Yes
Ecommerce No
Exporter Yes
Mobile App Yes
Retail No
B2B Yes
B2C No
Manufacturing No
Wholesale No
Importer No
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