FreshBooks to open first international office


Cloud-accounting software FreshBooks has announced plans to open its first international office, to be stationed in Amsterdam, Netherlands. FreshBooks called the office part of its plans for global expansion, helping grow its presence in Europe.

“Since FreshBooks’ beginnings in 2004, we’ve been proudly headquartered in Toronto.”

The Toronto-based company is looking to hire 75 employees for the Amsterdam office in engineering, sales, and customer support roles, over the next two and a half years. FreshBooks stated, its growth within Amsterdam will help the company reach new customers and increase its global hours of operation for customer support.

“Since FreshBooks’ beginnings in 2004, we’ve been proudly headquartered in Toronto,” said FreshBooks CEO and co-founder Mike McDerment. “While we’ve been serving customers around the world for more than a decade, today marks the first time we are putting boots on the ground outside of North America.”

FreshBooks said it has served over 20 million customers in 160 countries through its invoicing, time-tracking, expense management, and online payments features. Since redesigning its platform in 2016, the company has added over 100 new apps integrations, including G Suite by Google Cloud, Slack, HubSpot, Salesforce, Everlance, and MailChimp.

RELATED: FreshBooks adds bank reconciliation and double-entry accounting to software

The expansion to the Netherlands was assisted by the Netherlands Foreign Investment Agency, together with amsterdam inbusiness, the official foreign investment agency of the Amsterdam Metropolitan Area that helps foreign companies establish and expand their operations in Amsterdam.

“The Netherlands welcomes FreshBooks to Amsterdam,” said Jeroen Nijland, commissioner of the Netherlands Foreign Investment Agency. “We are confident that the company will thrive in the tech-savvy and pro-business ecosystem of our capital. In these changing times, the Netherlands is the ideal place to start on the European market.”

In August, FreshBooks received a strategic investment from JPMorgan Chase. The investment amount was not disclosed, but FreshBooks told BetaKit, at the time, that the round represented “the most significant investment so far” for the company.

Image courtesy Startup Canada.


Denise Paglinawan

Denise is a writer for BetaKit. She spends most of her free time with her pug, Timbit.

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