FunkyTime

What FunkyTime does

FunkyTime N.V. is a privately held Belgian SaaS company (legally registered in Aalst, Belgium; software development began in 2009, company incorporated in 2016) that operates a cloud-based time and expense tracking, project management, team collaboration, and invoicing platform accessible via web application and native iOS and Android mobile apps. The platform is built around per-project activities with configurable hourly rates, multi-currency expense capture with real-time exchange rate conversion, receipt scanning, electronic invoicing with UBL/Peppol export, a documented REST API (https://api.funkytime.com/), and — at the enterprise tier — a FunkyOps backend module providing real-time turnover, profit, cost, and margin analytics across business units and legal entities. GDPR compliance was implemented with Mazars in 2018, and the trademark is registered in the EU and UK; the product is localized in seven languages.

FunkyTime targets a horizontal base of freelancers, solopreneurs, and small-to-medium service teams (2-50 employees) across Europe, with a secondary enterprise tier for larger organizations needing multi-business-unit reporting. The company employs 1-10 people and operates a freemium-plus-subscription model: a free tier (1 user, 5 projects, 3 activities, 6 months reporting) converts into FunkyTime Pro at €10/user/month (or €9 on annual billing) or FunkyTime Enterprise starting at €85/month with custom pricing. Go-to-market combines product-led growth via the website and app stores with regional channel partnerships (Amandus for the Nordics since Oct 2022, Emerald Foundry for Italy since Oct 2023) and direct enterprise sales. The company has raised €160,000 in disclosed funding (Jan 2022 seed) and reports thousands of users across more than 20 countries with over 10 million hours tracked on the platform.

Name

FunkyTime

Legal name

FunkyTime N.V.

Website

https://funkytime.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

FunkyTime is a Belgian cloud-based SaaS platform that provides time tracking, expense management, project collaboration, and electronic invoicing tools for freelancers, solopreneurs, and small-to-medium service teams across Europe, sold via freemium and per-seat subscriptions.

Ownership category

akta.pro rank

Product category

Time and Expense Tracking Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Enterprise Work Management & Collaborative Workflow Platforms (HDAEAHAI)

Keywords

• Time tracking software
• Expense management software
• Project management tools
• Invoicing software
• Team collaboration platform

Headquarters

HQ city

Zottegem

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Pro Subscription: Monthly or annual subscription model at €10/user/month (monthly billing) or €9/user/month (annual billing, 10% discount). First month is free for new customers. Revenue generated from professional users who need unlimited projects, clients, and extended features beyond the free tier.
2. Enterprise Licensing: Custom-priced enterprise packages starting at €85, including advanced features like FunkyOps backend, margin analysis, profit/cost centers, advanced analytics, and custom reporting. Revenue derived from larger organizations requiring multi-user, multi-project enterprise capabilities.
3. Freemium Model: Free tier with limited functionality (1 user, 5 projects, 3 activities per project, half year reporting history, 1 colleague). Serves as customer acquisition channel converting users to paid Pro or Enterprise subscriptions.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels5 records

Core offering

FunkyTime is a cloud-based SaaS platform that enables freelancers, service teams, and enterprises to track time and expenses, manage projects and activities, collaborate with team members, invoice clients, and analyze business performance. The platform is delivered through a web application and native iOS/Android mobile apps, and includes a REST API for third-party integration. The Enterprise tier adds the FunkyOps backend for advanced real-time analytics on turnover, profit, cost, and margin across projects, clients, and business units.

Product overview

FunkyTime is a cloud-based SaaS platform consisting of a core time & expense tracking application available via web and mobile (iOS/Android), with two subscription tiers: FunkyTime Pro (€10/user/month) and FunkyTime Enterprise (starting at €85). The Enterprise tier includes the FunkyOps backend module for advanced analytics, margin analysis, and business intelligence. FunkyTime is designed for freelancers, knowledge workers, and service companies to track time, manage projects, invoice clients, and analyze business performance.

Differentiator

Problem solved

Functional benefit

Brands

• FunkyOps: A backend system included with FunkyTime Enterprise that allows organizations to track work on projects, clients, invoices, collaborators, business units, and get analytics on all of them.

Products and services

• FunkyTime Cloud-based SaaS platform for time and expense tracking, project and activity management, team collaboration, client invoicing, and business analytics. Available via web application and native iOS/Android apps, with a freemium entry tier, a Pro subscription tier at €9-10/user/month, and an Enterprise tier starting at €85. Designed for freelancers, knowledge workers, service teams, and enterprises across Europe and globally.
• FunkyOps Backend dashboard module included with FunkyTime Enterprise that provides real-time analytics on team performance, project progress, turnover, profit, cost, and gross margin. Enables organizations to track work on projects, clients, invoices, collaborators, and business units, and to distinguish between time tracked and time charged for margin analysis.
• FunkyTime Mobile App Free native mobile application for iOS and Android that enables time and expense tracking on the go, including receipt scanning, project management, distance tracking for billable travel, and real-time synchronization with the FunkyTime web application.

Quantifiable outcome

• Reduces time spent on administration through automated invoicing
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Emerald FoundrycoreGTM or Marketing Partner · 26 October 2023Emerald Foundry signed an affiliate co-marketing agreement with FunkyTime in October 2023 to open the Italian market. They will launch FunkyTime in their network and create an Italian translation of the app and marketing materials. Emerald Foundry targets architects, engineers, consultants, advisors, designers, and other knowledge workers in Italy.
• Estonian e-Residency ProgramminorGTM or Marketing Partner · 2 October 2023FunkyTime is officially promoted by the Estonian e-Residency program on their marketplace. The e-Residency program stimulates doing business without frontiers and targets modern business people and solo-preneurs who want to be location-independent.
• AmanduscoreGTM or Marketing Partner · 24 October 2022Amandus, a Swedish business development agency, was appointed in October 2022 to attract customers in the Nordics (Sweden, Norway, Denmark, Finland). They conduct business development and reach out to architects, engineers, creative professionals, and consultants. Via subcontractors, they also reach out to the Balkans.
• MazarsminorImplementation/ SI/ Consulting PartnerMazars, legal specialists, worked with FunkyTime to ensure GDPR compliance in May 2018. They helped FunkyTime take all necessary legal and security measures for full GDPR compliance.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Toggl Track: Toggl Track is a leading cloud-based time-tracking platform aimed at freelancers, small teams, and enterprises. It is the most direct competitor to FunkyTime, offering very similar time entry, project tracking, reporting, and team collaboration features at comparable price points.
• Hubstaff: Hubstaff offers time tracking with productivity monitoring, project management, and invoicing features for distributed teams and agencies. Its SMB and agency target market and feature set overlap heavily with FunkyTime Pro and Enterprise tiers.
• Everhour: Everhour is a time-tracking and team management tool that integrates with project management platforms. It serves SMBs and agencies that need time tracking, budgeting, and reporting — closely aligned with FunkyTime's freelancer/SMB positioning.
• Clockify: Clockify (by CAKE.com) is a free time tracker with paid tiers for small and large teams. It overlaps almost entirely with FunkyTime's offering — time tracking, projects, teams, invoicing, and reporting — and its aggressive free tier directly competes with FunkyTime's freemium model.
• Harvest: Harvest is a time-tracking and invoicing tool for small businesses and agencies. Its combination of time tracking, expense management, and invoicing closely mirrors FunkyTime's core value proposition for service teams and freelancers.
• TimeCamp: TimeCamp is a cloud time-tracking solution with project management, invoicing, and productivity analytics for SMBs and enterprises. It targets the same freelancer and small-team segment as FunkyTime, with similar freemium and tiered subscription pricing.
• Paymo: Paymo combines time tracking, project management, and invoicing for small service businesses and freelancers. It is a like-for-like competitor to FunkyTime on workflow, pricing, and target customer.

Broad incumbents

• FreshBooks: FreshBooks is an established SMB accounting and invoicing platform that includes time tracking as a feature within a broader suite. It competes with FunkyTime on invoicing and time tracking for freelancers and small service businesses, but as part of a wider portfolio.
• QuickBooks Time (formerly TSheets): QuickBooks Time, by Intuit, is a time-tracking solution bundled with QuickBooks accounting. It targets SMBs and accounting-driven workflows and overlaps with FunkyTime on invoicing and time tracking, though it operates as part of Intuit's broader finance ecosystem.

Regional players

• Timetastic: Timetastic is a UK-based time tracking and absence management tool for small businesses. While its primary focus is leave/absence rather than billing time, it competes in the same European SMB market with a similarly lean product footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/funkytime
• Facebookfacebook.com/FunkyTimeCom
• LinkedInlinkedin.com/company/funky-development

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FunkyTime