worldwide founder s michael mcderment joe sawada employees 250 2016 website freshbooks.com alexa rank 3 349 sept 2016 update 1 users 1.6 million accounts not visitors as of 14 july 2010 update 2 available in english launched 2004 ; 12 years ago 2004 current status active freshbooks is a cloud based accounting software service designed for owners of the types of small client service businesses that send invoices to clients and get paid for their time and expertise . 3 it was founded by mike mcderment 4 and joe sawada 5 in 2003 out of mcderment s previous internet marketing consulting business anicon . history edit the company traces its origins to mcderment inadvertently losing an invoice record by overwriting saving another on top of it in 2003 and sought a new way to manage the accounting for his own business . the company represents itself to have provided its service to more than five million customers . the product was first eponymously named 2ndsite and synonymous with the company . the company rebranded the product in 2006 as freshbooks based on then burgeoning web 2.0 style . industry accolades include the 2013 stevie awards for customer service 6 and the 2013 ixda award for iphone design . 7 8 based in toronto canada freshbooks serves paying customers in over 120 countries . 9 on july 23 2014 the company announced it had raised 30 million usd in its first round of institutional venture capital . in its announcement the company said it planned to grow its staff of about 150 employees to 400 by 2016 . 10 see also edit comparison of time tracking software references edit freshbooks.com site info . alexa internet . retrieved 2016 09 27 . rao leena july 14 2010 . in five months freshbooks crosses 1 billion in transactions . techcrunch . retrieved march 17 2011 . an open letter from freshbooks founder mike mcderment . retrieved 2014 07 23 . from his parents basement entrepreneur builds accounting powerhouse . the globe and mail . dec 14 2012 . retrieved 2013 03 20 . freshbooks rookie mistakes . financial post . 2012 01 20 . retrieved 2013 03 20 . freshbooks honored with 6 stevie awards for extraordinary customer service . freshbooks . retrieved 3 march 2014 . grignani raphael . 2013 interaction awards winners announced . ixda . retrieved 3 march 2014 . mckinnon casey . freshbooks wins an ixda design award for iphone app . freshbooks . retrieved 3 march 2014 . about freshbooks . freshbooks . retrieved 3 march 2014 . freshbooks raises 30 million fuels mission to redefine accounting for small business . retrieved 2014 07 23 . retrieved from https en.wikipedia.org w index.php title freshbooks & oldid 741480585 categories companies based in torontoweb applicationshidden categories articles containing potentially dated statements from september 2016all articles containing potentially dated statementsarticles containing potentially dated statements from july 2010 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 27 september 2016 at 19 29 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view