The billing and invoicing software industry supports businesses in managing their financial transactions efficiently. Companies in this sector create software that automates invoicing, tracks payments, and simplifies accounting processes, making it easier for small and medium enterprises to manage their finances. As the demand for seamless financial solutions grows, innovations such as cloud-based platforms and mobile invoicing are gaining popularity. This industry is evolving rapidly, with increased focus on integration with other business tools and enhanced user experiences. Notably, electronic invoicing is becoming essential due to regulations driving businesses toward automated, paperless solutions to improve accuracy and efficiency.

This article profiles 22 key players in the billing and invoicing software sector. Companies vary significantly in size, from small startups with less than 50 employees to major firms employing thousands. Most are headquartered in North America and Latin America, founded between the late 1980s and the 2020s. They're primarily focused on offering cloud-based, user-friendly solutions, aimed at small businesses, freelancers, and accountants. Noteworthy examples include FreshBooks and Wave HQ, both based in Toronto, showcasing strong capabilities in seamless billing processes and financial management support.

Read on to discover the top billing and invoicing software companies.

Top 22 Billing And Invoicing Software Companies

1. FreshBooks

• Website: freshbooks.com
• Ownership type: Venture Capital
• Headquarters: Toronto, Ontario, Canada
• Employee distribution: Canada 79%, Netherlands 10%, United States (USA) 5%, Other 6%
• Latest funding: Other (Debt), $125.0M, March 2025
• Founded year: 2003
• Headcount: 201-500
• LinkedIn: freshbooks

FreshBooks, based in Toronto, Ontario, Canada, is an accounting software provider that specializes in serving small and medium-sized businesses. Founded in 2003, the company has developed a web-based platform that simplifies financial management for its users. FreshBooks offers a suite of features including invoicing, expense tracking, and financial reporting, which are tailored to meet the needs of freelancers, solopreneurs, and businesses that work with contractors. The software allows users to create professional invoices quickly, automate billing processes, and track expenses efficiently. With a workforce of approximately 447 employees, FreshBooks has a strong presence in Canada, the Netherlands, and the United States. The company has received significant funding, with its latest round totaling $125 million in March 2025, indicating robust investor interest and a commitment to enhancing its offerings in the accounting software space.

2. Wave HQ

• Website: waveapps.com
• Ownership type: Corporate
• Headquarters: Toronto, Ontario, Canada
• Employee distribution: Canada 97%, United States (USA) 3%
• Latest funding: $404.3M, June 2019
• Founded year: 2009
• Headcount: 201-500
• LinkedIn: wave-hq

Wave HQ, founded in 2009 and based in Toronto, Ontario, is a financial software company that offers a suite of tools designed specifically for small businesses. Their product lineup includes accounting, invoicing, payments, and payroll services, all aimed at simplifying financial management for entrepreneurs. Wave's invoicing software allows users to create customized invoices, automate payment reminders, and accept payments through various methods, including credit cards and bank transfers. The company has garnered attention for its user-friendly interface and comprehensive support, helping over 2 million small business owners in North America manage their finances effectively. Wave has also attracted significant investment, with a reported funding amount of over $404 million, underscoring its relevance and potential in the financial software industry.

3. Siigo

• Website: siigo.com
• Ownership type: Private Equity
• Headquarters: Puerto Salgar, Bogota, Colombia
• Employee distribution: Colombia 92%, Mexico 4%, Ecuador 3%, Other 1%
• Latest funding: September 2017
• Founded year: 1988
• Headcount: 1001-5000
• LinkedIn: siigo

Siigo, founded in 1988 and based in Puerto Salgar, Bogota, Colombia, is a private equity-backed software company that specializes in accounting and administrative solutions for small and medium enterprises. With a workforce of over 2,400 employees, Siigo has established itself as a significant player in the Latin American market, particularly in Colombia, where it serves approximately 300,000 businesses. The company offers a range of products, including electronic invoicing, payroll management, inventory management, and point-of-sale systems. These solutions are designed to simplify business operations and enhance financial management. Siigo's software is cloud-based, allowing users to access their financial data from anywhere, which is increasingly important in today's digital economy. The company has not reported any recent funding, indicating a stable operational model since its last funding round in 2017. Siigo's commitment to supporting small and medium enterprises positions it as a relevant and active participant in the billing and invoicing software industry.

4. Busy Infotech Pvt. Ltd. (An Indiamart company)

• Website: busy.in
• Ownership type: Private
• Headquarters: New Delhi, Delhi, India
• Employee distribution: India 99%, Other 1%
• Founded year: 1997
• Headcount: 51-200
• LinkedIn: busy-infotech-pvt-ltd---india

Busy Infotech Pvt. Ltd., based in New Delhi, India, is a private company that has been providing accounting software solutions since its inception in 1997. The firm focuses on serving micro, small, and medium enterprises, offering a range of products that facilitate GST compliance, financial accounting, and inventory management. Their software solutions are designed to streamline accounting processes, making them accessible and user-friendly for businesses of varying sizes. Busy Infotech has developed several products, including free and paid versions, catering to different business needs. The company operates primarily within the software industry, emphasizing the importance of efficient financial management for its clients. With a workforce of around 670 employees, Busy Infotech has established a significant footprint in the Indian market, helping over 360,000 customers manage their accounting needs effectively.

5. Nubox SpA

• Website: nubox.com
• Ownership type: Venture Capital
• Headquarters: Santiago, Santiago, Chile
• Employee distribution: Chile 100%
• Latest funding: June 2018
• Founded year: 2011
• Headcount: 201-500
• LinkedIn: nuboxchile

Nubox SpA, founded in 2011 and based in Santiago, Chile, is a software company that specializes in digital accounting, payroll, and invoicing solutions. With a workforce of approximately 242 employees, Nubox focuses on serving small and medium enterprises as well as accountants. Their software solutions are designed to automate financial processes, enhance operational efficiency, and minimize manual errors. Nubox operates primarily on a subscription model, allowing users to access their services online. The company has established itself as a key player in the Chilean market, providing tools that help businesses manage their financial tasks effectively. Their offerings include comprehensive invoicing systems, payroll management, and accounting software, all aimed at simplifying the financial management for their clients.

6. Marg Erp Global

• Website: margcompusoft.com
• Ownership type: Private
• Headquarters: New Delhi, Delhi, India
• Founded year: 1992
• Headcount: 1001-5000
• LinkedIn: marg-international

Marg Erp Global, based in New Delhi, India, is a private software company founded in 1992. The firm specializes in providing GST billing and accounting solutions specifically designed for small and medium enterprises. Their product suite includes a variety of software tailored for industries such as retail, distribution, and manufacturing. Marg ERP's solutions are aimed at helping businesses streamline operations, manage inventory, and ensure compliance with GST regulations. The company has established a significant presence in the market, boasting over 1 million satisfied users and 850+ sales and support centers. Their offerings include features like e-invoicing, automated billing, and comprehensive inventory management, which are essential for businesses navigating the complexities of modern financial operations. Marg ERP has also received recognition for its contributions to the industry, including awards for best ERP solutions for SMEs and leadership in GST accounting software.

7. Billecta AB

• Website: billecta.com
• Ownership type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Employee distribution: Sweden 100%
• Latest funding: $4.5M, September 2018
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: billecta

Billecta AB, based in Stockholm, Sweden, is a software company that specializes in invoicing solutions. Established in 2014, Billecta offers automated invoicing and payment processing services designed to streamline billing processes for businesses and organizations. The company operates on a Software as a Service (SaaS) model, providing its services through a digital platform that integrates with various modern systems, including business management, CRM, and accounting software. Billecta's solutions are utilized by a wide range of clients, from small businesses to large corporations, with over 4 million invoices processed each year. The company is a wholly-owned subsidiary of SaveLend Group AB, which also engages in credit investments and financial solutions. Billecta has received funding amounting to 4.5 million SEK, indicating investor confidence in its business model and growth potential.

8. Lexware

• Website: lexware.de
• Ownership type: Private
• Headquarters: Freiburg Im Breisgau, Baden-Württemberg, Germany
• Employee distribution: Germany 100%
• Founded year: 1989
• Headcount: 1001-5000
• LinkedIn: lexware

Lexware, founded in 1989 and based in Freiburg Im Breisgau, Germany, is a private software company that specializes in accounting, payroll, invoicing, and inventory management solutions. With a workforce of around 266 employees, Lexware primarily serves self-employed individuals, freelancers, and small to medium-sized enterprises. Their software is designed to simplify business operations, allowing users to manage their finances efficiently. Lexware's products are accessible through a SaaS model, enabling users to work from anywhere. The company emphasizes user-friendliness, offering features that allow for quick invoice creation and comprehensive financial oversight. Additionally, Lexware provides extensive support through online training and resources, ensuring that users can maximize the benefits of their software. Their commitment to helping businesses navigate administrative tasks positions them as a relevant player in the software industry.

9. Invoiced

• Website: invoiced.com
• Ownership type: Corporate
• Headquarters: Austin, Texas, United States (USA)
• Latest funding: August 2024
• Founded year: 2013
• Headcount: 11-50
• LinkedIn: invoiced

Invoiced is a software company based in Austin, Texas, founded in 2013. It specializes in accounts receivable automation, providing solutions that streamline invoicing, payments, and collections for businesses in various industries, including legal and education. The company aims to enhance financial workflows and operational efficiency by automating manual processes, which helps clients improve cash flow and reduce administrative burdens. Invoiced's platform integrates seamlessly with existing accounting systems, allowing finance teams to manage accounts receivable more effectively. The company has received recognition for its innovative approach, including awards from G2 in categories such as accounts receivable software and cash flow management. Invoiced continues to evolve its offerings to meet the needs of its clients, making it a notable player in the billing and invoicing software sector.

10. Xubio

• Website: xubio.com
• Ownership type: Corporate
• Headquarters: Buenos Aires, Buenos Aires, Argentina
• Employee distribution: Argentina 89%, Colombia 11%
• Latest funding: January 2023
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: xubio

Xubio, founded in 2015 and based in Buenos Aires, Argentina, is a management software provider that focuses on delivering online invoicing and business management solutions tailored for small and medium-sized enterprises (SMEs) in Latin America. The company aims to streamline financial processes, including invoicing, accounting, and inventory management, thereby enhancing operational efficiency for its users. Xubio has established a solid foothold in the market, serving over 50,000 companies and accounting firms across Argentina and Colombia. Their platform is designed to meet the specific needs of SMEs, making it a valuable tool for businesses looking to optimize their financial management. Xubio's commitment to supporting SMEs in the region underscores its relevance in the billing and invoicing software industry.

11. Fatture in Cloud

• Website: fattureincloud.it
• Ownership type: Corporate
• Headquarters: Bergamo, Lombardy, Italy
• Employee distribution: Italy 100%
• Latest funding: September 2015
• Founded year: 2013
• Headcount: 51-200
• LinkedIn: fatture-in-cloud

Fatture in Cloud, founded in 2013 and based in Bergamo, Lombardy, Italy, is a software company that provides online invoicing and business management solutions. The company primarily serves professionals, freelancers, and small businesses, offering a range of services that include electronic invoicing, payment management, and business analytics. Fatture in Cloud aims to simplify financial management and enhance operational efficiency for its users. With a workforce of approximately 57 employees, the company has grown to support over 500,000 active users, indicating a robust demand for its services. As a product of MadBit Entertainment S.r.l., which is part of TeamSystem S.p.A, Fatture in Cloud benefits from a strong backing in the software industry, further solidifying its position in the market.

12. Desis Limitada - Facturación.cl

• Website: facturacion.cl
• Ownership type: Private
• Headquarters: Santiago, Santiago, Chile
• Employee distribution: Chile 100%
• Founded year: 1998
• Headcount: 11-50
• LinkedIn: facturaci-n-cl-desis-ltda-

Desis Limitada - Facturación.cl, based in Santiago, Chile, is a private software company that specializes in electronic invoicing and billing solutions. Established in 1998, the company has been instrumental in helping businesses streamline their financial operations through user-friendly software. Facturación.cl offers a variety of services, including electronic document generation, payment processing, and integration with ERP systems. Their platform is designed to cater to the needs of businesses across multiple sectors, ensuring efficient management of invoicing and billing processes. The company has garnered a loyal customer base, as reflected in the numerous positive reviews praising their responsive customer service and the intuitive nature of their software. With a focus on continuous improvement and adaptation to market needs, Facturación.cl remains a relevant player in the electronic invoicing industry.

13. Conta Azul-Auditoria e Gestão Lda.

• Website: contaazul.com
• Ownership type: Venture Capital
• Headquarters: Brazil
• Latest funding: Seed, September 2020
• Founded year: 2011
• Headcount: 501-1000
• LinkedIn: conta-azul-auditoria-e-gest%c3%a3o-lda.

Conta Azul-Auditoria e Gestão Lda. is a Brazilian software company founded in 2011, dedicated to serving micro and small businesses with its cloud-based ERP platform. The company offers a comprehensive suite of functionalities that includes financial management, invoicing, customer relationship management, and automated billing solutions. With a workforce of approximately 475 employees, Conta Azul has established itself as a key player in the Brazilian market, focusing on enhancing operational efficiency for its clients. The platform allows users to manage sales, issue electronic invoices, automate collections, and maintain financial oversight, making it an essential tool for small enterprises across various sectors. The company has not reported any recent funding, indicating a stable operational model since its last funding round in 2020. Conta Azul's commitment to simplifying financial management for small businesses positions it as a relevant entity in the billing and invoicing software industry.

14. Intuit Accountants

• Website: quickbooks.intuit.com
• Ownership type: Private
• Headquarters: Mountain View, California, United States (USA)
• Employee distribution: United States (USA) 88%, Canada 7%, Bangladesh 3%, Other 2%
• Founded year: 1983
• Headcount: 10001+
• LinkedIn: intuit-accountants

Intuit Accountants, based in Mountain View, California, is a private financial software company founded in 1983. It specializes in providing accounting and financial management solutions, primarily through its QuickBooks product line. QuickBooks serves a broad spectrum of users, from self-employed individuals to small and medium-sized businesses, offering tools for bookkeeping, payroll, and tax preparation. The company has established itself as a significant player in the financial technology sector, helping clients streamline their financial operations. Intuit's commitment to innovation is evident in its continuous updates and enhancements to QuickBooks, ensuring that it meets the evolving needs of its users. The company operates primarily in the United States, with a notable presence in Canada and other countries, reflecting its international reach and influence in the accounting software market.

15. Alegra

• Website: alegra.com
• Ownership type: Private
• Headquarters: Medellin, Antioquia, Colombia
• Employee distribution: Colombia 73%, Mexico 7%, Venezuela 5%, Other 15%
• Latest funding: Other (Debt), $76,000, January 2020
• Founded year: 2012
• Headcount: 201-500
• LinkedIn: alegra

Alegra, founded in 2012 and based in Medellin, Colombia, is a private software company that specializes in accounting and invoicing solutions tailored for small and medium enterprises (SMEs). The company offers a comprehensive suite of services, including electronic invoicing, inventory management, and the creation of online stores, all aimed at helping businesses optimize their financial operations. With a workforce of approximately 669 employees, Alegra has expanded its reach across Latin America, with a significant customer base in countries like Colombia, Mexico, and Venezuela. The company has successfully registered over 300,000 businesses, demonstrating its impact in the region. In January 2020, Alegra secured funding of $76,000, indicating ongoing investor interest in its growth and development. Their solutions are designed to simplify complex financial tasks, making them accessible and efficient for SMEs, which are often underserved in the tech space.

16. Anfix

• Website: anfix.com
• Ownership type: Venture Capital
• Headquarters: Madrid, Madrid, Spain
• Employee distribution: Spain 100%
• Latest funding: Series E-K, $3.4M, February 2020
• Founded year: 2010
• Headcount: 51-200
• LinkedIn: anfix

Anfix Software S.L., based in Madrid, Spain, is a software company that has been active in the billing and accounting sector since its establishment in 2010. The company focuses on delivering online solutions tailored for freelancers, small businesses, and consultancies. Anfix's platform automates various financial management tasks, such as invoicing, tax compliance, and document management, which helps users save time and minimize errors. With a user-friendly interface, Anfix has attracted a customer base of over 30,000 users, reflecting its effectiveness in streamlining financial operations. The company has also secured significant funding, with a recent Series E-K round raising approximately 3.37 million euros in February 2020, showcasing its growth trajectory and the confidence investors have in its business model.

17. Számlázz.hu

• Website: szamlazz.hu
• Ownership type: Private
• Headquarters: Budapest, Budapest, Hungary
• Employee distribution: Hungary 100%
• Founded year: 2005
• Headcount: 51-200
• LinkedIn: sz%c3%a1ml%c3%a1zz-hu

Számlázz.hu, based in Budapest, Hungary, is a private financial management and invoicing service provider that has been operational since 2005. The company specializes in online invoicing, payment solutions, and tax compliance services, catering primarily to businesses that require efficient management of their invoicing processes. Számlázz.hu operates through a Software as a Service (SaaS) model, offering tools that automate invoicing and integrate financial data seamlessly. With a workforce of approximately 51 to 200 employees, the company has built a robust platform that supports over 953,000 users and has facilitated the issuance of more than 525 million invoices. Their services are designed to simplify financial management for businesses, making them a notable player in the invoicing software market in Hungary.

18. Marg ERP

• Website: margerp.com
• Ownership type: Private
• Headquarters: New Delhi, Delhi, India
• Employee distribution: India 99%, Other 1%
• Founded year: 2000
• Headcount: 5001-10000
• LinkedIn: margerp

Marg ERP, founded in 2000 and based in New Delhi, India, is a private software company that focuses on providing comprehensive GST billing, accounting, and inventory management solutions specifically for small and medium enterprises. The company has developed a range of software products that cater to various industries, including retail, distribution, and manufacturing. Marg ERP's offerings include features such as e-invoicing, payment processing, and inventory tracking, which help businesses streamline their operations and comply with local regulations. With a workforce of around 1,779 employees, Marg ERP has established a robust support network with over 850 sales and support centers across India, serving more than 1 million users. The company has received several awards for its innovative solutions and continues to play a significant role in the Indian software industry, particularly in the billing and invoicing domain.

19. ProfitBooks

• Website: profitbooks.net
• Ownership type: Private
• Headquarters: Pune, Maharashtra, India
• Employee distribution: India 96%, Pakistan 4%
• Founded year: 2012
• Headcount: 11-50
• LinkedIn: profitbooks

ProfitBooks, founded in 2012 and based in Pune, Maharashtra, India, is a private accounting software provider that specializes in online solutions for small and medium businesses. The company aims to simplify financial management through its user-friendly invoicing, inventory management, and bookkeeping services. ProfitBooks caters primarily to businesses that may not have extensive accounting expertise, allowing them to handle their financial needs with ease. The platform has gained traction, with over 75,000 businesses utilizing its services globally. ProfitBooks also offers a remote bookkeeping service, further enhancing its value proposition in the accounting sector. The company operates without reported funding, indicating a self-sustaining business model that focuses on providing free and premium plans to its users.

20. PaySimple

• Website: paysimple.com
• Ownership type: Private Equity
• Headquarters: Denver, Colorado, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $115.0M, September 2016
• Founded year: 2006
• Headcount: 51-200
• LinkedIn: paysimple

PaySimple, founded in 2006 and based in Denver, Colorado, is a payment processing company that provides integrated payment solutions and billing services primarily for small businesses and SaaS companies. The company offers a range of services, including online payment acceptance, recurring billing, and customer management tools, which help businesses streamline their operations and improve cash flow. PaySimple has established itself in the financial technology sector, focusing on enhancing the payment experience for service-based industries. With over 22,000 business owners served, PaySimple has demonstrated its capability to meet the needs of its clients. The company has also secured significant funding, with a reported $115 million raised in 2016, indicating its potential for growth and continued relevance in the industry.

21. Billin Spain

• Website: billin.net
• Ownership type: Corporate
• Headquarters: Madrid, Madrid, Spain
• Employee distribution: Spain 100%
• Latest funding: February 2021
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: billin-spain

Billin Spain, founded in 2014 and based in Madrid, is a financial technology company that specializes in online invoicing solutions tailored for freelancers and small businesses. The platform allows users to create and send invoices, track expenses, and manage their finances in real-time. Billin has garnered a user base of over 180,000, indicating its effectiveness in streamlining invoicing processes. The company also integrates with various accounting software, enhancing its utility for users. Billin's offerings include features such as customizable invoices, expense tracking via OCR technology, and mobile app access, making it a versatile tool for managing business finances. Additionally, Billin is involved in initiatives like the Kit Digital, which provides free access to their services for small businesses, further solidifying their role in the industry.

22. Invoice Simple

• Website: invoicesimple.com
• Ownership type: Corporate
• Headquarters: Vancouver, British Columbia, Canada
• Employee distribution: Canada 100%
• Latest funding: April 2020
• Founded year: 2014
• Headcount: 51-200
• LinkedIn: invoice-simple

Invoice Simple, founded in 2014 and based in Vancouver, British Columbia, is a software company dedicated to offering invoicing solutions primarily for small businesses, freelancers, and contractors. The company provides an online invoice generator that allows users to create professional invoices quickly and efficiently. In addition to invoicing, Invoice Simple offers payment processing and expense tracking tools, enabling users to manage their finances seamlessly. The platform is designed to cater to various industries, helping customers streamline their billing processes and improve cash flow. With a focus on mobile accessibility, Invoice Simple allows users to generate invoices on-the-go, making it a practical choice for busy professionals. The company has not reported any funding since 2020, indicating a self-sustaining business model that continues to serve its customer base effectively.

Billing And Invoicing Software Insights: Key Companies

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