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FreshBooks
FreshBooks is a cloud accounting service based in Toronto, Canada, founded in 2003. It provides tools for service-based small business owners to manage time...
FreshBooks
FreshBooks is a cloud accounting service based in Toronto, Canada, founded in 2003. It provides tools for service-based small business owners to manage time and expenses, send invoices, and collect payments via credit card, PayPal, or eCheck. FreshBooks has secured $153.75 million in total funding.
General information
Firm type
other
Year founded
2003
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Toronto
Corporate office
225 King St W, Suite 1200, Toronto, ON, M5V 3M2, Canada
Additional offices
San Luis Potosí, Mexico · Amsterdam, Netherlands
Principals
Shaheen Javadizadeh
Chief Executive Officer
Mike McDerment
Founder
Sector focus
Frequently asked questions
Who runs FreshBooks today?
Shaheen Javadizadeh is the Chief Executive Officer. He joined with over 25 years of leadership experience as an entrepreneur and CEO. Founder Mike McDerment remains the company's origin figure, having started FreshBooks in 2003.
Is FreshBooks a family office or an investment firm?
No. FreshBooks is an operating software company that sells cloud accounting, invoicing, and payroll tools to small businesses. It does not deploy capital, make investments, or manage a portfolio — it builds and distributes a SaaS product.
What does FreshBooks actually do?
FreshBooks provides a cloud-based accounting and invoicing platform purpose-built for service-based small businesses. It combines invoicing, expense tracking, time tracking, online payments, and payroll into one interface. The platform supports freelancers, solopreneurs, and small teams with employees or contractors.
Where does FreshBooks operate?
The company runs three office hubs: Toronto (its headquarters), San Luis Potosí, Mexico (housing its Facturama unit), and Amsterdam, Netherlands. It reports use by people in over 160 countries and offers customer support primarily from North America.
How does FreshBooks make money?
FreshBooks generates revenue through subscription plans for its accounting platform, tiered by feature sets and user counts. It also processes online payments directly through the platform. The firm does not operate as a capital allocator or generate returns from investments.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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