Top Fast-Growing Billing Startups to Look Out in [2023]

Have you ever wondered who is on the list of Billing Companies with the highest growth rates?

You’re not alone.

There are hundreds of Billing Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 19 fast-growing Billing Startups that have top-tier venture capital funding.

What are Billing Startups?

Billing startups are technology companies that specialize in providing software and services for companies to streamline their billing processes. These companies offer solutions for invoicing, payments, and other financial processes, as well as analytics, customer service, and other services to help businesses manage their finances better. 

Many of these startups are focused on creating user-friendly, automated tools to make billing easier, faster, and more secure. They also provide integrations with other accounting and financial systems, allowing companies to manage their entire billing process in one place.

Top 19 Fastest-Growing Startups In Billing

1) ReCharge

E-commerce companies can use ReCharge’s subscription management software.

Details of the startup:

• Country: United States
• City: Santa Monica
• Started in: 2014
• Founders: Michael Flynn, Oisin O’Connor
• Number of employees: 251-500
• Funding amount: $277,000,000
• Number of funding rounds: 2
• Number of investors: 3

You can find their website here.

2) Zenoti

Zenoti is a cloud-based software supplier for the spa and salon industry.

Details of the startup:

• Country: United States
• City: Bellevue
• Started in: 2010
• Founders: Dheeraj Koneru, Saritha Katikaneni, Sudheer Koneru
• Number of employees: 251-500
• Funding amount: $331,000,000
• Number of funding rounds: 7
• Number of investors: 6

You can find their website here.

3) Cedar

Cedar is a patient payment and engagement platform that improves the patient experience for hospitals, health systems, and medical groups.

Details of the startup:

• Country: United States
• City: New York
• Started in: 2016
• Founders: Arel Lidow, Florian Otto, Kareem Zaki
• Number of employees: 101-250
• Funding amount: $351,000,000
• Number of funding rounds: 5
• Number of investors: 17

You can find their website here.

4) Chargebee

For SaaS and e-commerce firms, Chargebee delivers subscription and recurring billing systems.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2011
• Founders: KP Saravanan, Krish Subramanian, Rajaraman Santhanam, Thiyagarajan Thiyagu
• Number of employees: 501-1000
• Funding amount: $218,170,000
• Number of funding rounds: 7
• Number of investors: 5

You can find their website here.

5) Upflow

Upflow is a technology startup that is developing a B2B payment platform.

Details of the startup:

• Country: France
• City: Paris
• Started in: 2018
• Founders: Alexandre Louisy, Barnaby Malet, Thibaud Elziere
• Number of employees: 11-50
• Funding amount: $17,908,623
• Number of funding rounds: 6
• Number of investors: 13

You can find their website here.

6) OPEN

Open creates and sells an online banking and intercompany settlement platform.

Details of the startup:

• Country: India
• City: Bengaluru
• Started in: 2017
• Founders: Ajeesh Achuthan, Anish Achuthan, Deena Jacon, Mabel Chacko
• Number of employees: 251-500
• Funding amount: $37,400,000
• Number of funding rounds: 5
• Number of investors: 13

You can find their website here.

7) FreshBooks

FreshBooks, a cloud-based accounting software, allows small company owners to invoice clients, manage hours, and administer their businesses from anywhere.

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2003
• Founders: Michael McDerment
• Number of employees: 251-500
• Funding amount: $75,119,316
• Number of funding rounds: 4
• Number of investors: 6

You can find their website here.

8) Perpule

UltraPOS by Perpule is a cloud-based, mobile POS solution that significantly enhances your store’s billing and checkout processes.

Details of the startup:

• Country: India
• City: Bengaluru
• Started in: 2016
• Founders: Abhinav Pathak, Saketh BSV, Yogesh Ghaturle
• Number of employees: 101-250
• Funding amount: $6,361,203
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

9) Libeo

Libeo is on a mission to make account payables processing and payment easier for small businesses.

Details of the startup:

• Country: France
• City: Paris
• Started in: 2019
• Founders: Jeremy Attuil, Pierre Dutaret, Pierre-Antoine Glandier
• Number of employees: 11-50
• Funding amount: € 26,000,000
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

10) Splitwise

Splitwise is a consumer FinTech company that creates mobile apps and web platforms to assist people split bills.

Details of the startup:

• Country: United States
• City: Providence
• Started in: 2011
• Founders: Jonathan Bittner, Marshall Weir, Ryan Laughlin
• Number of employees: 11-50
• Funding amount: $30,233,330
• Number of funding rounds: 6
• Number of investors: 13

You can find their website here.

11) Paykii

A cross-border B2B bill payment platform with over 600 billers in 13 countries.

Details of the startup:

• Country: United States
• City: Arlington
• Started in: 2015
• Founders: Daniel Barragan, Fabian Saide, Nelson Irizarry
• Number of employees: 11-50
• Funding amount: $2,050,000
• Number of funding rounds: 3
• Number of investors: 3

You can find their website here.

12) ASAAS

Asaas assists people and businesses in automating financial operations and improving client relationships.

Details of the startup:

• Country: Brazil
• City: Joinville
• Started in: 2013
• Founders: Diego Contezini, Fernando Chagas, Jeferson Leandro Kortbein, Mônica Dalosto, Piero Contezini
• Number of employees: 251-500
• Funding amount: R$48,687,360
• Number of funding rounds: 7
• Number of investors: 4

You can find their website here.

13) Mamo Pay

Mamo Pay is a digital wallet and payment platform that offers a payment software that allows for easy money transfers.

Details of the startup:

• Country: United Arab Emirates
• City: Dubai
• Started in: 2016
• Founders: Asim Janjua, Imad Gharazeddine, Mohammad El Saadi
• Number of employees: 11-50
• Funding amount: $9,500,000
• Number of funding rounds: 2
• Number of investors: 9

You can find their website here.

14) ViaBill

ViaBill is a method of payment that allows consumers to pay in full or in installments.

Details of the startup:

• Country: Denmark
• City: Aarhus
• Started in: 2010
• Founders: Jan Lytje-Hansen
• Number of employees: 51-100
• Funding amount: $57,287,226
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

15) Vindi

Vindi is a PCI-certified online payment platform that specializes on subscription and recurring payments.

Details of the startup:

• Country: Brazil
• City: Sao Paulo
• Started in: 2013
• Founders: Rodrigo Dantas
• Number of employees: 51-100
• Funding amount: $9,943,764
• Number of funding rounds: 8
• Number of investors: 4

You can find their website here.

16) Ayoconnect

Ayoconnect is an Indonesian fintech firm dedicated to creating the country’s largest financial APIs platform.

Details of the startup:

• Country: Indonesia
• City: Jakarta
• Started in: 2016
• Founders: Adi Vora, Chiragh Kirpalani, Jakob Rost
• Number of employees: 101-250
• Funding amount: $10,000,000
• Number of funding rounds: 3
• Number of investors: 9

You can find their website here.

17) PayLead

PayLead runs individualized loyalty programs for banks and other consumer payment service providers.

Details of the startup:

• Country: France
• City: Paris
• Started in: 2016
• Founders: Charles de Gastines, Jacquelin Becheau La Fonta
• Number of employees: 11-50
• Funding amount: € 6,671,429
• Number of funding rounds: 3
• Number of investors: 5

You can find their website here.

18) Acesso

Acesso is a financial services firm that specializes in providing and managing prepaid cards and payment methods.

Details of the startup:

• Country: Brazil
• City: Sao Paulo
• Started in: 2010
• Founders: Davi Holanda, Davi Holanda, Jonathan Whittle, Sergio Kulikovsky
• Number of employees: 101-250
• Funding amount: R$21,000,000
• Number of funding rounds: 4
• Number of investors: 4

You can find their website here.

19) Billogram

Billogram is a Swedish startup that provides small and large businesses with a streamlined invoicing service.

Details of the startup:

• Country: Sweden
• City: Stockholm
• Started in: 2010
• Founders: Cesar Sangchi, Jonas Suijkerbuijk
• Number of employees: 11-50
• Funding amount: $11,201,422
• Number of funding rounds: 7
• Number of investors: 4

You can find their website here.

FAQs

Is Billing Business Profitable?

Whether or not billing business is profitable depends on a variety of factors, such as the size of the business, the services offered, the types of clients serviced and the pricing structure. 

Additionally, the quality of the billing services provided and the efficiency of the billing system will also play a big role in determining the overall profitability of the business.

What Is The Average Investment In Billing Business?

The average investment for a medical billing business can vary widely depending on the size and scope of the business. Some of the major costs typically associated with starting a medical billing business include the purchase of software, the cost of training and certifications, and the cost of marketing and advertising.

 Other costs such as taxes, office equipment, and employee salaries should also be taken into consideration. Generally speaking, the total cost of starting a medical billing business can range from a few thousand dollars up to several hundred thousand dollars.