FastBank
- Company typePrivate
- Founded2024
- HeadquartersIrvine, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
FastBank firmographics
Firmographics- Name
- FastBank
- Legal name
- FB Solutions LLC
- Website
- https://fastbank.io
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
FastBank industry classification
Industry- Product category
- ERP Financial Automation Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
- akta.pro secondary industries
- Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting) (FSAGALAL), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), A2A Bill Pay & eInvoicing (Open Banking Enabled) (FSAMAFAL)
Keywords
Where FastBank is headquartered
LocationHeadquarters
- HQ city
- Irvine
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
FastBank business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription SaaS: FastBank operates as a subscription-based SaaS platform. The FastBank Services are made available over a network on a subscription basis with annual renewal terms. Customers pay subscription fees as specified in Sales Orders, with automatic charging of payment information on file.
- Channel Partner Commissions: Revenue generated through channel partner model where resellers earn margin on sales and referral partners earn commission on referred clients. The company offers recurring revenue opportunities through reseller commissions or referral fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Subscription-based SaaS pricing with demo and quote-based sales process |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
FastBank product offering
Product offeringCore offering
FastBank is a cloud-based SaaS platform that integrates directly with SAP Business One to automate bank reconciliation, accounts payable and receivable payment workflows, and invoice processing. It connects to 10,000+ financial institutions globally and uses AI-driven transaction matching, OCR-based invoice data extraction, and three-way matching to eliminate manual reconciliation and payment file handling for finance teams.
Product overview
FastBank is a SaaS financial automation platform that integrates directly with SAP Business One to automate bank reconciliation, invoice processing, and secure payment operations. The core offering consists of four interconnected modules: Bank Reconciliation (automated statement imports and transaction matching), AR Payments (customer payment collection and reconciliation), AP Payments (vendor payment automation), and Invoice Automation (OCR-powered invoice processing with three-way matching). These modules share a common data layer connected to SAP Business One and support 10,000+ financial institutions globally. The platform operates as a unified system where transaction data flows between reconciliation and payments workflows, eliminating manual data entry and ensuring financial records stay synchronized with the ERP.
Differentiator
Problem solved
Functional benefit
Products and services
- Bank Reconciliation Automates bank statement imports and transaction matching inside SAP Business One. Connects to 10,000+ banks globally and eliminates manual reconciliation work by automatically retrieving transactions and matching them using existing SAP invoices, vendors, and customers.
- AR Payments Accepts ACH and credit card payments while automatically reconciling and recording transactions in SAP Business One. Supports Quick Charge, multiple invoice payments, Click to Pay secure payment links for ecommerce platforms (Shopify, Amazon, eBay), and refunds with automatic SAP posting.
- AP Payments Automates vendor payment workflows connected to SAP Business One. Supports ACH payments, NACHA file generation, virtual card, check, and wire transfers with batch payment execution, automatic remittance delivery, Positive Pay, and SAP payment reconciliation.
- Invoice Automation Automates invoice processing with AI-powered OCR data extraction from PDFs, emails, Word, and image files. Performs intelligent validation and three-way matching between invoices, purchase orders, and goods receipts, while maintaining approval workflows before posting to SAP Business One.
- Partner Program
Quantifiable outcome
- 80% of bank transactions automated
- +3 more outcomes
Companies that use FastBank
Customer profileSegments4 records
Ideal customer profiles2 records
FastBank technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability6 records
Feature7 records
FastBank partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor and core.
- Monex USAminorReferring partnership with Monex USA, a trusted provider of corporate FX, currency risk hedging services, and international payments. Enables FastBank-referred clients to leverage Monex's FX and payments platform for global B2B payments, expanding FastBank's ability to serve international payment needs of SAP Business One users.
- Avaniko TechnologiescoreStrategic partnership with Avaniko Technologies, a global SAP Gold Partner recognized for ERP implementations and intelligent business automation. Delivers modern financial automation to companies running SAP Business One—eliminating manual reconciliation, accelerating month-end closing, and improving transaction accuracy. Avaniko's platform Avanue can also leverage FastBank integration.
- ThinccorePartnership with Thinc, a trusted expert in advanced IT and ERP solutions with 30+ years of industry experience serving SMEs worldwide. Combines FastBank's financial automation platform with Thinc's ERP consulting, IT managed services, and cybersecurity expertise to deliver AI-powered financial automation for SAP Business One.
- NuveicoreFastBank became a Nuvei Integrated Software Vendor (ISV) partner. Through Nuvei's modular payment technology integration, FastBank offers enterprise-grade capabilities including onboarding, pay-ins, reconciliation, fraud prevention, and risk management for B2B payment processing within the platform.
- LAKEcoreStrategic partnership with LAKE, the UK's fastest growing SAP Business One partner, to help UK mid-market organizations accelerate financial automation by integrating FastBank's intelligent reconciliation and payments tools with LAKE's expert SAP Business One implementation services.
- SAP Business One Partner EcosystemcoreFastBank operates as an approved solution within the SAP Business One partner ecosystem. Partners include Vision33, Thinc, Seidor Tech, Aclaros, Innomax, H&CO CPAs, Third Wave, and APH. These partners deliver FastBank to their SAP Business One clients as part of their solution offerings.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
FastBank competitors and assessment
Company assessmentDirect peers
- BlackLine: BlackLine specializes in financial close, account reconciliation, and intercompany accounting automation. It competes directly with FastBank's bank reconciliation module and targets enterprise/mid-market finance teams, though it does not focus on SAP Business One.
- Stampli: Stampli is an AP automation and invoice management platform with AI-powered collaboration and approvals. It overlaps with FastBank's invoice automation and AP Payments products, targeting mid-market finance teams.
- Trovata: Trovata offers cloud-based bank connectivity, cash management, and automated bank reconciliation for treasury teams. It directly overlaps with FastBank's bank reconciliation product and is a relevant SaaS comparable for mid-market finance automation.
- HighRadius: HighRadius provides AI-powered order-to-cash, treasury, and record-to-report automation including bank reconciliation and invoice processing — overlapping with FastBank's reconciliation and invoice automation capabilities at the mid-market and enterprise tiers.
- Tipalti: Tipalti provides end-to-end AP automation, global payments, and supplier management. It competes with FastBank's AP Payments and invoice automation modules, especially for companies needing cross-border payment workflows.
- Bill.com: Bill.com is a leading AP/AR automation and B2B payments platform for SMBs and mid-market companies. It directly competes with FastBank's AP Payments and AR Payments modules, though it serves a broader ERP-agnostic customer base.
- Versapay: Versapay specializes in AR automation, electronic invoicing, and B2B payments with embedded collaboration. Its AR Payments and reconciliation workflows overlap with FastBank's AR and reconciliation modules, targeting mid-market and enterprise B2B sellers.
- Brex: Brex combines corporate cards with bill pay, AP automation, and expense management for SMBs and mid-market companies. It is a broad incumbent competitor to FastBank's AP/AR and reconciliation stack.
- Ramp: Ramp provides corporate cards, bill pay, AP automation, and procurement for SMBs and mid-market companies. Its bill pay and AP workflows compete with FastBank's AP Payments module, though Ramp focuses on card-based flows and a broader ERP ecosystem.
Others
- Plaid: Plaid provides bank connectivity APIs that power transaction retrieval for thousands of fintech apps. It is an enabling infrastructure provider whose connectivity layer likely underpins parts of FastBank's 10,000+ bank network rather than a direct competitor.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
FastBank social profiles
Digital presenceFastBank compliance and trust
Trust signalCompliance3 records
FastBank financial estimates
Financial estimateRevenue estimate
Valuation estimate
FastBank leadership team
Management profileNumber of profiles
Profiles5 records
FastBank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FastBank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FastBank
What does FastBank do?
FastBank is a cloud-based SaaS platform that integrates directly with SAP Business One to automate bank reconciliation, accounts payable and receivable payment workflows, and invoice processing. It connects to 10,000+ financial institutions globally and uses AI-driven transaction matching, OCR-based invoice data extraction, and three-way matching to eliminate manual reconciliation and payment file handling for finance teams.
Is FastBank a public or private company?
FastBank is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FastBank founded?
FastBank was founded in 2024. It employs 11 to 50 people.
Where is FastBank based?
FastBank is headquartered in Irvine, United States, in the North America region.
How does FastBank make money?
Two revenue lines are on record. Subscription SaaS are the primary driver. The others are channel Partner Commissions.
Who are FastBank's main competitors?
Direct peers on record are BlackLine, Stampli, Trovata, HighRadius, Tipalti, Bill.com, Versapay, Brex and Ramp. Plaid is listed as an others.
Does FastBank have an API?
No public API is recorded for FastBank.
What industry is FastBank in?
FastBank's product category is ERP Financial Automation Software. Its primary akta.pro industry code is BPAMAFAF, Bill Pay, Invoicing & Payables Platforms, with a secondary code of FSAGALAL, Reconciliation, Ledgering & Money Movement Ops (Sub-ledgers, Settlement, Reporting). Its NAICS code is 52232 and its SIC code is 6199.