# Fusebill

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fusebill

- Industry: Software
- Headquarters: Ottawa, Canada
- Website: www.fusebill.com
- Total disclosed funding: $10M
- Latest round: Series A (Sep 12, 2016)
- Investors on record: 5

## About

Fusebill Inc. is a Canadian company specializing in automating recurring billing, subscription management, payment collection, and financial reporting for businesses, enhancing operational efficiency and revenue recovery.Fusebill Inc., founded in 2011 and headquartered in Ottawa, Canada, focuses on automating billing processes for businesses. The company has successfully raised a total funding amount of USD 6.00 mn through its Series A round in March 2021, with notable investors such as BDC Capital and OMERS Ventures. The firm has completed 7 deals to date, marking its strategic growth in the subscription management sector.Fusebill specializes in automating recurring billing, subscription management, payment collection, and financial reporting. Its primary product enables businesses to streamline billing processes, potentially reducing administrative workloads by up to 80% monthly. Features include credit card retry schedules to decrease late payments by up to 700% and tools for automated collections that help recover 2%-4% of monthly earnings. The platform supports dynamic pricing and custom tracking for a diverse client base, particularly in sectors reliant on subscription models across North America.Fusebill operates on a subscription-based revenue model, where clients subscribe to access its suite of billing and subscription management tools. The platform allows passing credit card processing fees to customers, optimizing revenue for businesses. The service includes automated dunning and reporting features that enhance cash flow management and reduce churn, catering effectively to businesses focused on efficiency in financial operations.Looking ahead, Fusebill Inc. plans to introduce new product features aimed at enhancing its billing platform, with the potential for release in late 2023. The company aims to expand its market presence into Europe and Asia by mid-2024, leveraging recent funding from its March 2021 Series A round to support these initiatives. This strategic direction reflects a commitment to capturing a broader customer base in regions where subscription-based services are rapidly growing.

## Funding rounds

- Series A, Sep 12, 2016, $6M — BDC Capital, OMERS Ventures, Scale Up Ventures, Langdell Investments
- Series A, Apr 16, 2013, $2M — Covington, OMERS Ventures
- Angel, Jun 1, 2012, $0.9M — Covington
- Seed, Mar 17, 2012, $1.4M — Covington

## Investors

- Covington (https://capitalatlas.ai/funds/covington) — Seed, Angel, Series A
- OMERS Ventures (https://capitalatlas.ai/funds/omers-ventures) — Series A
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- Scale Up Ventures (https://capitalatlas.ai/funds/scale-up-ventures) — Series A
- Langdell Investments — Series A