abillio

Direct Message
February 23, 2024
Data is self reported
Abillio is an invoicing, payments and tax compliance SaaS for global freelance economy, helping freelancers, businesses and marketplaces to streamline invoicing, payments and tax reporting by providing freelancers with a company-a-as-service, businesses with freelancer management system, and invoicing/payments/tax reporting that can be integrated into platforms and marketplaces via API.

Achievement

We've figured out how to scale in b2b market, by offering our service to freelancer marketplaces. With one b2b client we can onboard 3000-25000 users.

Founded in

2021

Country

Latvia

Industry

FinTech, Saas

SDGs

Decent work and economic growth (SDG #8)

Patent information

Team

Number of founders

€20K - €40K

Number of employees

No

Founder backgrounds

McKinsey, Stripe

Exit experience

No

Relevant industry experience

Yes

Previous startup experience

Yes

Female founder

No

In the news

Investment details

Amount raising

1000000

Ownership founders

80-99% owned by founders

Lead investor

no

Current investors

100000

Intended closing date

Q2

Fundraising status

Already committed

0

Revenue Metrics

Monthly revenue

€20K - €40K

Monthly growth

8-12%

Paying customers

1500

Monthly active users

Abillio is an invoicing, payments and tax compliance SaaS for global freelance economy, helping freelancers, businesses and marketplaces to streamline invoicing, payments and tax reporting by providing freelancers with a company-a-as-service, businesses with freelancer management system, and invoicing/payments/tax reporting that can be integrated into platforms and marketplaces via API.
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Premium Details Available

(Data is self reported)

FINANCIAL PERFORMANCE

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INVESTMENTS

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TEAM

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Is there a founder with previous Sector Experience?
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Is there a founder with previous Exit Experience?
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Is there a women founder with at least 5% of the shares?
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Is there a founder with a EUR / Erasmus MC or TUDelft relation?
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OTHER

Year founded
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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
€20K - €40K
Growth rate month over month
8-12%
Monthly revenue context
Our business model is service free from payouts. Depends on how many invoices were processed for freelancers in the current month.
Number of paying customers
1500
Monthly active users

INVESTMENTS

Do you have a lead investor?
no
How much have you raised in the past?
100000
How much of this round already committed?
0
When are you aiming to close this round?
Q2

TEAM

How much time do the founders spend on the business?
100%
Is there a founder with previous co-founder / c-level at startup experience?
Yes
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
No
What percentage of company is owned by founders?
80-99% owned by founders
Is there a women founder with at least 5% of the shares?
No
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
Graduation year from EUR, Erasmus MC or TUDelft

OTHER

Year founded
2021
Patent status

Basic details

Amount raising
1000000
Country
Latvia
Industry
FinTech, Saas
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
February 23, 2024

Key Achievements

  • We've figured out how to scale in b2b market, by offering our service to freelancer marketplaces. With one b2b client we can onboard 3000-25000 users.
  • We're trying to build everything inhouse and rely less on third party solutions. We're basically a bootstrapped company, with net positive revenue.

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