FreshBooks raises $130 million and turns into a unicorn

“We will use this capital to enhance our differentiators, and this includes investing in markets that are growing and evolving in regulatory matters, helping entrepreneurs manage their finances through streamlined workflows, and remaining as leaders and references for support and customer service,” Don Epperson said. CEO of Freshbooks.

The investment comes at a time when more entrepreneurs need digital solutions to comply with tax and billing regulations in every country in which they operate. The company plans to use this capital to enhance the areas of sales, marketing, research and development as well as strategic acquisitions.

Since 2003, Freshbooks has helped more than 30 million people and has established itself as one of the leading accounting software platforms for small and medium businesses and freelancers. The company differentiates itself by offering accounting software designed for business owners, while providing award-winning customer service.

This new round is another significant development since Freshbooks’ creation in 2003. In September 2020, FreshBooks acquired Mexican electronic invoicing company Facturama to expand the company’s audience in Spanish-speaking markets.

“After eight months into our relationship with the Facturama team, we are seeing how resilient and growth-oriented the small business community is in Mexico. This evaluation event and the new round of funding will help us carry out our mission of supporting small business owners in the Latin language,” says Epperson.

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