16 August 2021

Accounting FinTech Freshbooks raises $80.75mn from major banks 

Written By FinTech Alliance in Accounting

Accounting FinTech Freshbooks raises $80.75mn from major banks 

Cloud accounting software firm, Freshbooks, has raised $80.75mn in its Series E funding round. 

In Brief:

Freshbooks offers global accounting software for SMEs and self employed professionals.

Barclays, JPMorgan and Bank of Montreal took part in the round. 

Freshbooks is now valued at over US$1bn. 

What does this mean?

Since its foundation in Toronto in 2003, Freshbooks has grown to serve more than 30mn people in 160 countries. CEO Don Epperson said the funding was an “injection of confidence” in its aim to digitally enable small businesses. 

Read more here. 

Up Next ...
22 November 2024

Eden AI raises €3M seed round to bridge the gap between AI models and business needs

Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...

22 November 2024

City Bank Adopts TranzAxis for E-Commerce Payment Solutions

This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.

22 November 2024

Zellis summit maps bold future of innovation

Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features

21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

More in Accounting

Allica Bank integrates with Sage and Xero

13 March 2024

Allica Bank announcing partnerships with leading accounting software platforms Sage ...

Modulr launches Payments Dashboard  

08 December 2020

Modulr has announced the Alpha Launch of Payments Dashboard and its Pathfinder programme.&...

Posted By The Community

Phinsys implements its accounting and finance automation platform for Ascot Underwriting to transform Syndicate Finance function

14 June 2020

PRESS RELEASE Phinsys implements its accounting and finance automation platform for Ascot Un...

Written By: Phinsys Limited

Modulr to hold Accountancy Innovation Roadshow

17 February 2020

Modulr is holding an Accountancy Innovation Roadshow to benefit accountants and SMEs. In Brief:...

There are no Knowledge Bank in this category

There are no Events in this category