About FastBill
FastBill is a company based in Essen (Germany) founded in 2007 was acquired by FreshBooks in October 2021.. The company has 32 employees as of December 31, 2020. FastBill offers products and services including Invoicing Tool, Bookkeeping App, and Financial Overview Dashboard. FastBill operates in a competitive market with competitors including Upflow, Denario, Moojo, Fawaterk and Zietwing, among others.
- Headquarter Essen, Germany
- Employees 32 as on 31 Dec, 2020
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fastbill Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
FreshBooks
& 2 more
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Employee Count
32
as on Dec 31, 2020
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Acquired by
FreshBooks
(Oct 07, 2021)
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Products & Services of FastBill
FastBill offers a comprehensive portfolio of products and services, including Invoicing Tool, Bookkeeping App, and Financial Overview Dashboard. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for creating and sending professional invoices quickly.
App for automatic receipt management and financial reporting.
Dashboard for tracking income, expenses, and customer payments.
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Funding Insights of FastBill
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Series A - FastBill | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FastBill
FastBill has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include FreshBooks, FinLab AG and coparion. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed-stage fintech and blockchain companies are incubated and funded.
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Founded Year | Domain | Location | |
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Venture capital funding for young German technology companies.
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Founded Year | Domain | Location | |
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Cloud-based invoicing and accounting software is offered for businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FastBill
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FastBill
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fastbill Comparisons
Competitors of FastBill
FastBill operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Upflow, Denario, Moojo, Fawaterk and Zietwing, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS solutions for accounts receivables management are delivered to businesses.
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| domain | founded_year | HQ Location |
Invoice management and payment solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Accounting and invoicing automation is provided for freelancers online.
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| domain | founded_year | HQ Location |
Cloud-based end-to-end business management tools for e-tailers are offered.
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| domain | founded_year | HQ Location |
Offers customizable platform for managing subscriptions, payments, invoicing, security, and cloud.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fastbill
Frequently Asked Questions about FastBill
When was FastBill founded?
FastBill was founded in 2007 and raised its 1st funding round 10 years after it was founded.
Where is FastBill located?
FastBill is headquartered in Essen, Germany. It is registered at Essen, North Rhine-westphalia, Germany.
How many employees does FastBill have?
As of Dec 31, 2020, the latest employee count at FastBill is 32.
What does FastBill do?
FastBill was founded in 2007 in Essen, Germany, as a provider of accounting and invoice management software in the financial technology sector. Core operations include recurring invoice handling, bookkeeping, receipt recognition, account reconciliation, document export, and management of income, expenses, and surpluses. The platform supports data management and is accessible through multiple subscription plans for business users.
Who are the top competitors of FastBill?
What products or services does FastBill offer?
FastBill offers Invoicing Tool, Bookkeeping App, and Financial Overview Dashboard.
Who are FastBill's investors?
FastBill has 3 investors. Key investors include FreshBooks, FinLab AG, and coparion.
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