FastBill
Latest round
- Series A
Last raised
- May 2017
Total raised
- Undisclosed
Investors
- 2
About FastBill
Founded in 2011 and headquartered in Offenbach am Main, Germany, FastBill GmbH specializes in accounting software that enhances financial efficiency for small enterprises. The company was acquired by Freshbooks, Inc. in October 2021 from Coparion and FinLab AG, though financial terms were not disclosed.FastBill offers an integrated accounting software solution designed to streamline the financial processes of small businesses and freelancers. The core functionality includes automated invoice creation, receipt management, and financial reporting, which collectively aim to reduce the administrative burden of bookkeeping. Users can create compliant invoices within minutes, send them via email or postal service, and receive payments online, enhancing cash flow management. FastBill also provides features such as document digitization and categorization, bank account reconciliation, and the generation of comprehensive financial reports.FastBill generates revenue primarily through subscription plans tailored to the needs of its diverse clientele, which includes freelancers and small businesses. The pricing structure typically includes various tiers of service, each offering different features related to invoicing and bookkeeping, thus allowing clients to select a plan that fits their operational scale and complexity. Customers subscribe to these plans on a recurring basis, ensuring a steady revenue stream for the company. The service model emphasizes value-added features such as automated reminders for unpaid invoices and customized financial reports, which enhance user retention and satisfaction.Following its acquisition by Freshbooks, Inc. on October 7, 2021, FastBill aims to leverage its new partnership to expand its offerings and support small business owners throughout Germany and across Europe. The acquisition will facilitate the development of new products and services tailored specifically to the needs of its client base. FastBill is focused on enhancing its software capabilities, improving user experience, and potentially exploring new geographic markets in Europe. This growth strategy will likely be supported by the resources and network of Freshbooks, aligning with the overall goal of meeting the evolving demands of small businesses in an increasingly digital landscape.
Who invested in FastBill
2 investors across 1 round
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Funding rounds
Series A
May 2, 2017
Amount
Undisclosed
Investors
Questions about FastBill
Who invested in FastBill?
FastBill has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has FastBill raised?
FastBill has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did FastBill last raise money?
FastBill's most recent round on record is a Series A, in May 2017.
What does FastBill do?
Founded in 2011 and headquartered in Offenbach am Main, Germany, FastBill GmbH specializes in accounting software that enhances financial efficiency for small enterprises.
Where is FastBill headquartered?
FastBill is headquartered in Offenbach am Main, Germany.
Which VCs invest in companies like FastBill?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at FastBill's stage. Their profiles are linked below.
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