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.

Which legal entities is FastBill associated with?

FastBill is associated with FastBill GmbH and 1 other.

How many employees does FastBill have?

As of Jul 31, 2026, the latest employee count at FastBill is 20.

Is FastBill a funded company?

FastBill is a funded company, having raised a total of $***** in its 1st and only funding round, a Series A round on May 02, 2017.

When was the latest funding round of FastBill?

FastBill's latest funding was a $***** Series A round on May 02, 2017, with participation from 2 investors. Its primary sector is Finance & Accounting Tech. Globally, the Finance & Accounting Tech sector has seen $3.81B in funding in 2026 to date.

Where does FastBill rank among its competitors?

FastBill ranks 4th amongst 14 active competitors, of which 2 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Upflow, which secured $5M in Apr, 2024.

Who are the top competitors of FastBill?

FastBill's top competitors include Upflow, Wethos and Denario. Among them, Upflow secured the most recent funding round in April, 2024.

FastBill - 2026 Company Profile, Team, Funding, Competitors & Financials

FastBill is an acquired company based in Essen (Germany), founded in 2007 by Rene Maudrich. It operates as a Provider of cloud-based software for invoicing, accounting, and financial management. FastBill has raised an undisclosed amount in funding. The company has 14 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like Upflow, Wethos and Denario.

Company Details

Provider of cloud-based software for invoicing, accounting, and financial management. The platform helps users create invoices, manage receipts, reconcile payments, and prepare accounting data for tax advisors. It offers tools for automating bookkeeping processes and provides financial overviews. The software supports electronic invoicing and integrates with banking services.

Key Metrics

Founded Year

2007

Location

Essen, Germany

Stage

Acquired

Latest Funding Round

Series A, May 02, 2017, $*****

Investors

Coparion & 4 more

Ranked

4^th among 14 active competitors

Employee Count

20 as on Jul 31, 2026

Similar Companies

Rocketlane & 476 more

Exit Details

Acquired by FreshBooks (Oct 07, 2021)

View FastBill's full profile

FastBill is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FastBill GmbH CIN: HRB109200 , Germany, Active	Aug 01, 2017	-	32 (As on Dec 31, 2020)
FastBill GmbH CIN: M1201_HRB109200 , Germany, Deadpooled	Jan 09, 2013	-	-

FastBill got acquired by FreshBooks on Oct 07, 2021.

Click here to take a look at FastBill's acquisition in detail

FastBill has raised funding over 1 round. Its latest funding round was a Series A round on May 02, 2017 for $*****. 2 investors participated in its latest round. FastBill has 3 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of FastBill:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 02, 2017	8417736	Series A	6593394	8166345	6218094	5666573

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View details of FastBill's funding rounds and investors

The founders of FastBill is Rene Maudrich.

Here are the details of FastBill's key team members:

Rene Maudrich: Founder & CEO of FastBill.

View details of FastBill's Founder profiles and Board Members

FastBill's employee count trend

FastBill has 20 employees as of Jul 26. Here is FastBill's employee count trend over the years:

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Top competitors of FastBill include Upflow, Wethos and Denario. Here is the list of Top 10 competitors of FastBill, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Upflow 2017, Paris (France), Series A	Provider of accounts receivable management software for finance teams	$22.9M	9Yards, Kima Ventures & 11 others	51/100
2nd	Wethos Series B	Developer of proposal software for creating and sending professional documentation	$16.4M	Third Prime, Flybridge Capital Partners & 28 others	46/100
3rd	Denario 2021, Berlin (Germany), Acquired	Invoice management and payment solutions for businesses	$1.5M	468 Capital, Presight Capital & 1 others	46/100
4th	FastBill 2007, Essen (Germany), Acquired	Provider of cloud-based software for invoicing, accounting, and financial management	-	Coparion, FinLab & 3 others	36/100
5th	CloudBooks 2014, Lucknow (India), Unfunded	SaaS invoicing for SMBs	-	-	25/100
6th	QuoJob Ratingen (Germany), Unfunded	Developer of modular software for managing agency projects and resources	-	-	25/100
7th	Hesabit 2015, Tehran (Iran), Unfunded	Invoice payment solutions for businesses	-	-	24/100
8th	Carbon 2013, Illinois City (United States), Unfunded	Invoicing software for small businesses	-	-	24/100
9th	SolidInvoice 2017, South Africa, Unfunded	Online invoice management software	-	-	24/100
10th	Coach Amp 2026, Berlin (Germany), Unfunded	Developer of software tools for managing professional coaching session workflows	-	-	16/100