FastBill
FastBill is a Frankfurt-based SaaS company founded in 2007 that provides cloud-based accounting, invoicing, e-invoicing (ZUGFeRD/XRechnung), banking reconciliation, and tax-compliance software to over 70,000 freelancers, tradespeople, and small businesses across the DACH region.
- Company typePrivate
- Founded2007
- HeadquartersFrankfurt, Germany
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What FastBill does
FastBill GmbH is a Frankfurt am Main-based SaaS company, founded in 2007, that provides cloud-based accounting, invoicing, and financial-management software to more than 70,000 freelancers, solo entrepreneurs, small businesses (Kleinunternehmer, UGs, GmbHs), tradespeople, agencies, consultants, and online retailers primarily in Germany and the DACH region. The platform unifies legally compliant invoice creation (including ZUGFeRD and XRechnung e-invoices), receipt and document capture (via mobile Scan App, email-based FastBill Inbox, GetMyInvoices portal import, and Dropscan physical mail digitization), PSD2-based multi-banking reconciliation covering 99% of German banks, automated VAT preliminary return submission to the Finanzamt without an ELSTER certificate, automated dunning workflows, project time tracking, and a DATEV Rechnungsdatenservice 1.0 interface for direct digital handoff to tax advisors. All data is hosted on German servers in compliance with GoBD and EU GDPR.
The product is offered in tiered subscriptions (Starter, Pro, Premium) under a product-led growth model anchored by a 14-day free trial and self-service onboarding, with the Premium tier offering managed-accounting services where FastBill's team handles document collection from 5,000+ portals, categorization, bank reconciliation, and quality control. Go-to-market combines direct web sign-up, a tax-advisor referral channel, banking co-distribution (Qonto as the first German integration partner, plus Kontist and N26), native e-commerce integrations (Shopify, WooCommerce, Jimdo, Amazon), embedded fintech partners (paywise for debt collection, YouLend for revenue-based financing), and the Awin affiliate network. Underlying technical capabilities include proprietary OCR with learning-based categorization, automatic bank-transaction matching, a public REST API, and a Zapier app connecting FastBill to 4,000+ tools. The company is founder-led by René Maudrich (Geschäftsführer), operates with 11-50 employees, received German Design Award and Internet Startup Award recognition in 2014, and was acquired Xeer GmbH & Co. KG in 2014 and raised a funding round led by FinLab with coparion in 2017.
FastBill firmographics
Firmographics- Name
- FastBill
- Legal name
- FastBill GmbH
- Website
- https://fastbill.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- FastBill is a Frankfurt-based SaaS company founded in 2007 that provides cloud-based accounting, invoicing, e-invoicing (ZUGFeRD/XRechnung), banking reconciliation, and tax-compliance software to over 70,000 freelancers, tradespeople, and small businesses across the DACH region.
- Ownership category
- akta.pro rank
FastBill industry classification
Industry- Product category
- Cloud Accounting Software
- NAICS
- Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Other Accounting Services (541219), Document Preparation Services (561410)
- SIC
- Services-Management Services (8741)
- akta.pro primary industry
- Accounting & Bookkeeping Services (BPAHABAC)
- akta.pro secondary industries
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Bill Management & Subscription Management (FSAGADAG)
Keywords
Where FastBill is headquartered
LocationHeadquarters
- HQ city
- Frankfurt
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
FastBill business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Software Subscription (SaaS): FastBill operates as a cloud-based SaaS subscription service with tiered plans (Starter, Pro, Premium). Customers pay recurring monthly or annual fees for access to accounting, invoicing, banking, and document management features. Add-ons such as automated dunning and extra employee seats are available for additional fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | 14-day free trial available for all plans |
Go-to-market motion2 records
Distribution channels7 records
Marketing channels9 records
FastBill product offering
Product offeringCore offering
FastBill is a cloud-based SaaS accounting and invoicing platform for German freelancers, solo entrepreneurs, tradespeople, agencies, and small businesses (UGs, GmbHs). The platform automates daily bookkeeping workflows including professional invoice creation, receipt capture via OCR and email inbox, multi-banking reconciliation via PSD2, automated VAT preliminary return (UStVA) submission to the tax office, electronic invoicing in ZUGFeRD and XRechnung formats, DATEV export for tax advisors, and optional fully managed bookkeeping services under its Premium tier.
Product overview
FastBill is a cloud-based accounting and invoicing software platform for German freelancers, small businesses, and entrepreneurs, offering tiered plans (Starter, Pro, Premium) that progress from basic invoicing to fully automated accounting. The core platform includes invoice creation, document capture, banking reconciliation, and tax filing capabilities, while premium add-ons provide automated bookkeeping services, e-invoicing (ZUGFeRD/XRechnung), DATEV integration for tax advisors, automatic dunning sequences, time tracking, and an online customer portal. The product portfolio is unified around simplifying accounting workflows through automation, connecting invoicing, document management, banking, and tax compliance into a single platform accessible via web and mobile apps.
Differentiator
Problem solved
Functional benefit
Products and services
- FastBill Cloud Accounting Platform
Quantifiable outcome
- Customers rate FastBill 4.5 out of 5 stars on average
- +4 more outcomes
Companies that use FastBill
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles3 records
FastBill technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration15 records
AI capability8 records
Feature14 records
FastBill partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- eurodata AGcoreeurodata AG and FastBill formed a strategic partnership to integrate FastBill's invoicing features into the capitain.io digital client portal. capitain.io is a digital client portal for tax advisors and their clients. The collaboration aims to enhance digital invoicing functions with a focus on ease of use, security, and regulatory compliance.
- QontocoreQonto is a European neobank offering business accounts for freelancers, SMEs, and startups. FastBill was Qonto's first German integration partner. The partnership enables automatic synchronization of Qonto transactions into FastBill for bank reconciliation and financial overview. FastBill actively promotes Qonto to its customers as the recommended banking partner, and Qonto promotes FastBill to its German customers.
- DATEVcoreDATEV is Germany's dominant accounting software cooperative used by tax advisors and companies. FastBill integrates via the DATEV Rechnungsdatenservice 1.0 (formerly DATEVconnect online), enabling direct digital transmission of invoices, receipts, and booking data from FastBill to tax advisors using DATEV Unternehmen Online. This is a flagship integration for FastBill's tax advisor distribution channel.
- GetMyInvoicescoreGetMyInvoices automatically imports receipts and invoices from over 5,000 online portals (including Amazon, telecommunications providers, and utilities) into FastBill's inbox. This integration is particularly important for e-commerce sellers and is a core component of the FastBill Premium managed accounting service.
- ShopifycoreFastBill's native Shopify integration automates invoice creation based on order events. When an order is placed or its status changes in Shopify, FastBill automatically generates the corresponding invoice document. Users can configure trigger conditions and document content through a dashboard.
- KontistcoreKontist is a German neobank and Mastercard provider for freelancers and self-employed individuals, with a particular focus on automatic tax reserve allocation. FastBill and Kontist have a deep integration that synchronizes banking transactions in real time, automatically imports receipts when Kontist Mastercard payments are made, and calculates and sets aside tax reserves automatically.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
FastBill competitors and assessment
Company assessmentBroad incumbents
- Sage Business Cloud (Germany): Global incumbent accounting SaaS with German-market editions (Sage Business Cloud Buchhaltung, formerly Debitoor). Competes for the same SMB freelancer and tradesperson segment with broader product portfolio.
- DATEV: Germany's dominant accounting cooperative and software provider serving tax advisors and companies. FastBill's DATEV Rechnungsdatenservice 1.0 integration makes DATEV both a critical partner and an incumbent whose ecosystem standards FastBill must comply with.
Emerging players
- Candis: Berlin-based AI-driven bookkeeping automation platform for German SMBs and accountants. Overlaps with FastBill on automated document capture and bank reconciliation, with newer AI-led positioning.
Regional players
- Bexio: Swiss SMB accounting and invoicing SaaS serving Switzerland and parts of the DACH market. Comparable product (invoicing, banking, e-invoicing) targeting the same self-employed and SMB profile but focused on the Swiss regulatory environment.
Direct peers
- sevDesk: German cloud-based accounting and invoicing SaaS targeting freelancers, self-employed, and SMBs. Directly comparable to FastBill in customer segment, product scope (invoicing, banking, bookkeeping, DATEV), and PLG motion.
- Agenda (Agenda Software): German SMB accounting and ERP software with invoicing, banking, and DATEV integration. Long-standing competitor in the same Handwerker/Kleinunternehmer segment FastBill targets.
- Lexoffice: Haufe Group-owned accounting SaaS for German SMBs and freelancers. Closest direct competitor with overlapping feature set (banking, DATEV, invoicing, e-invoicing) and similar GoBD-compliant positioning.
- BuchhaltungsButler: German bookkeeping SaaS focused on SMBs and freelancers with automated bank reconciliation, receipt capture, and DATEV export. Comparable to FastBill's core accounting workflow with similar target audience.
- Collmex: Cloud-based German accounting, invoicing, and CRM platform for SMBs with DATEV export and bank reconciliation. Comparable offering to FastBill Starter/Pro with similar customer profile.
Others
- GetMyInvoices (fino run GmbH): Document retrieval/automation platform that automatically imports receipts from 5,000+ online portals into accounting systems. Strategic integration partner for FastBill Premium and a comparable data pipeline layer in the German SMB accounting stack.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
FastBill social profiles
Digital presenceFastBill compliance and trust
Trust signalCompliance5 records
FastBill financial estimates
Financial estimateRevenue estimate
Valuation estimate
FastBill leadership team
Management profileNumber of profiles
Profiles2 records
FastBill funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FastBill M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FastBill
What does FastBill do?
FastBill is a cloud-based SaaS accounting and invoicing platform for German freelancers, solo entrepreneurs, tradespeople, agencies, and small businesses (UGs, GmbHs). The platform automates daily bookkeeping workflows including professional invoice creation, receipt capture via OCR and email inbox, multi-banking reconciliation via PSD2, automated VAT preliminary return (UStVA) submission to the tax office, electronic invoicing in ZUGFeRD and XRechnung formats, DATEV export for tax advisors, and optional fully managed bookkeeping services under its Premium tier.
Is FastBill a public or private company?
FastBill is a private company. It is classified as venture growth investor backed and is currently operating.
When was FastBill founded?
FastBill was founded in 2007. It employs 11 to 50 people.
Where is FastBill based?
FastBill is headquartered in Frankfurt, Germany, in the Europe region.
How does FastBill make money?
One revenue line is on record: software Subscription (SaaS).
Who are FastBill's main competitors?
Broad incumbents on record are Sage Business Cloud (Germany) and DATEV. Candis is listed as an emerging player. Bexio is listed as a regional player. Direct peers are sevDesk, Agenda (Agenda Software), Lexoffice, BuchhaltungsButler and Collmex. GetMyInvoices (fino run GmbH) is listed as an others.
Does FastBill have an API?
Yes. FastBill offers a public API that allows developers to integrate with the platform. The API supports various endpoints for managing invoices, expenses, revenue, customers, and categories. Available operations include invoice.get, expense.get, revenue.get, and customer management. The API documentation is accessible at https://apidocs.fastbill.com. Developers can also connect FastBill with over 4,000 business tools via Zapier integration. Developer documentation is at apidocs.fastbill.com.
What industry is FastBill in?
FastBill's product category is Cloud Accounting Software. Its primary akta.pro industry code is BPAHABAC, Accounting & Bookkeeping Services, with a secondary code of BPAMAFAF, Bill Pay, Invoicing & Payables Platforms. Its NAICS code is 5412 and its SIC code is 8741.