FreshBooks, a Toronto, Canada-based supplier of accounting software program with paying prospects in 160+ international locations, secured a $100m USD syndicated debt facility with BMO Monetary Group (BMO) and J.P. Morgan (JPM).
The power additionally contains an uncommitted accordion characteristic of $25 million USD, for a complete borrowing capability of as much as $125m USD.
This debt facility will allow FreshBooks to proceed its fast world enlargement plans, together with strategic acquisitions and funding into extra regulated markets.
Led by Don Epperson, CEO, FreshBooks supplies an owner-first accounting platform utilized by companies in over 160 international locations, which takes an easy-to-use strategy to managing funds, billing, funds, and consumer engagement. The corporate serves prospects of all sizes from workplaces in Canada, Croatia, Germany, Mexico,
In August, 2021, FreshBooks introduced that it had secured $130 million USD. During the last two years, the corporate has acquired Germany-based, invoicing and monetary administration software program firm Fastbill, and Mexico-based, e-invoicing firm Facturama.