See other companies on Welcome to the Jungle
FreshBooks
Cloud-based accounting software for SMBs
- 501-1000 employees
- Fintech
- B2B
- Payments
- SaaS
- Accounting
- Cloud Computing
- Junction Triangle, Toronto, ON
Jump to section
Company mission
To reshape the world to suit the needs of self-employed professionals and their teams.
Few candidates hear
back within 2 weeks
-2% employee growth in 12 months
Our take
The need for owners to manage their business digitally has accelerated, and this has changed how small business owners work with bookkeepers and accountants. FreshBooks has built a cloud-based accounting software platform designed to make things like invoicing, expenses, payments, payroll and financial reporting easier for SMBs, and has served more than 30 million people in over 160 countries.
In 2021, the company hired over 100 employees and entered the Latin America market after acquiring Mexico-based e-invoicing company Facturama, in an effort to expand its audience in Spanish-speaking markets. The company has also seen significant growth of new customers.
FreshBooks used its 2021 capital to rocket boost sales and marketing, research and development, and undertake additional strategic acquisitions. Despite a planned IPO, Freshbook faced the pressures of 2022 and 23's financial crisis and cut 10% of its staff in March 23 as part of a bid to reach profitability by 2025. It expanded its partnership with Stripe in 2024 with an embedded payment product that will help in its path to profitability.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Indoor Bike Storage & Repair Supplies
- Daily Breakfast, Snacks & Drinks
- 100% Employer Paid Health, Vision and Dental Benefit Premiums
- Employee Assistance Program
- Paid Volunteer & Innovation Days
- Dog and Kid-Friendly Office
- Onsite Massage, Gym, Yoga, Meditation & Shower Facilities
Company values
- Passion
- Ownership
- Results
- Change
- Honesty
- Fun
- Empathy
- Stretch
- Trust
Funding (last 2 of 3 rounds)
Aug 2021
$80.8m
SERIES E
Jul 2017
$43m
SERIES B
Total funding: $153.8m
This company has top investors
Leadership
Mike McDerment
(CEO)Co-founder and CEO of FreshBooks since 2003, and current Board Chair and Founder of Briza.
Articles
Jobs (10)
Software Engineering
Operations & Strategy
Finance, Legal & Compliance
Sales & Account Management