FastSpring

Santa Barbara, United States Founded: 2005 • Age: 21 yrs Acquired By Accel-KKR
Cloud-based subscription management and tax collection solutions are provided.
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About FastSpring

FastSpring is a company based in Santa Barbara (United States) founded in 2005 was acquired by Accel-KKR in February 2018.. The company has 94 employees as of December 31, 2021. FastSpring has completed 1 acquisition, including SalesRight. FastSpring offers products and services including Global Payments, Subscription Management, Fraud Prevention, and Tax Compliance. FastSpring operates in a competitive market with competitors including Stripe, PayPal, Flutterwave, Square and Wright Express, among others.

  • Headquarter Santa Barbara, United States
  • Employees 94 as on 31 Dec, 2021
  • Sectors
    Retail
    Technology Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Bright Market, Llc
Operational Areas
Retail → E-Commerce Technology & Services → →
Technology → Marketing, Adtech & Commerce Technology → →
Financial Services → FinTech & Digital Finance → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
    Pylon Capital

    & 1 more

  • Employee Count
    94

    as on Dec 31, 2021

  • Investments & Acquisitions
    SalesRight

  • Acquired by
    Accel-KKR

    (Feb 14, 2018)

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Products & Services of FastSpring

FastSpring offers a comprehensive portfolio of products and services, including Global Payments, Subscription Management, Fraud Prevention, and Tax Compliance. 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.

Primary

Facilitates cross-border transactions and supports multiple currencies.

Handles recurring billing and revenue analytics for businesses.

Reduces chargebacks and detects fraudulent activities effectively.

Manages sales taxes and VAT for global transactions seamlessly.

Funding Insights of FastSpring

  • Total Funding
  • Total Rounds 1
  • Last Round
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Apr, 2013 Amount Seed - FastSpring Valuation

investors
Pylon Capital
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in FastSpring

FastSpring has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Pylon Capital and Accel-KKR. 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.

All
Venture Fund
Investor Description Founded Year Domain Location
Pylon Capital
-
Founded Year Domain Location
Accel-KKR
Investments are focused on mid-market software and technology-enabled services firms.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by FastSpring

FastSpring has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include SalesRight. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
SalesRight
Cloud-based platform for interactive pricing proposals is offered.
2018
Company Name Description Domain Location Founded Year Amount
OVO
OVO is recognized as a smart digital payment application.
2017
Bento Cloud
Bionic investment advisor platform
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - FastSpring

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Fastspring Comparisons

Employees
+
Add Comparison
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Competitors of FastSpring

FastSpring 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 Stripe, PayPal, Flutterwave, Square and Wright Express, 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
Stripe
domain founded_year HQ Location
Payment processing and card issuance solutions are provided for businesses.
PayPal
domain founded_year HQ Location
Online payment solutions are offered to consumers and businesses.
Flutterwave
domain founded_year HQ Location
Provider of payment processing solutions for businesses
Square
domain founded_year HQ Location
POS solutions are provided for retail businesses.
Wright Express
domain founded_year HQ Location
Employee benefit administration and payment solutions are provided for enterprises.
Hotmart
domain founded_year HQ Location
Cloud-based eCommerce solution that enables merchants to sell digital products
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Fastspring

Frequently Asked Questions about FastSpring

When was FastSpring founded?

FastSpring was founded in 2005 and raised its 1st funding round 8 years after it was founded.

Where is FastSpring located?

FastSpring is headquartered in Santa Barbara, United States. It is registered at Santa Barbara, California, United States.

Who is the current CEO of FastSpring?

David Nachman is the current CEO of FastSpring.

How many employees does FastSpring have?

As of Dec 31, 2021, the latest employee count at FastSpring is 94.

What does FastSpring do?

FastSpring was founded in 2005 and is headquartered in Santa Barbara, United States. A cloud-based platform is operated to handle subscription management, tax compliance, and revenue operations. Services encompass payment gateways, merchandising, fulfillment, sales tracking, accounting, reporting, and analytics. Additional support is given for audits and global tax requirements in the software and e-commerce sector.

Who are the top competitors of FastSpring?

FastSpring's top competitors include Stripe, PayU and Flutterwave.

What products or services does FastSpring offer?

FastSpring offers Global Payments, Subscription Management, Fraud Prevention, and Tax Compliance.

How many acquisitions has FastSpring made?

FastSpring has made 1 acquisition, including SalesRight.

Who are FastSpring's investors?

FastSpring has 2 investors. Key investors include Pylon Capital, and Accel-KKR.

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