Valuation
$3.5M
2024 Revenue
$1.1M
Funding
$710K
YOY
69.8%
Team
7
Founded
2018
How FaaStrak CEO Ken Brokaw grew to $1.1M revenue with a 7 person team in 2024.
FaaStrak offers user friendly equipment leasing platform to help our customers save time and effort. Through our organized platform business can flourish. Each individual can choose whichever lender works best for their business, and offer a direct connection to customers. Our goal is to make the process of equipment leasing less tedious through the use of our highly efficient platform. Have the power to control your own deals, with FaaStrak.
- A more hands on equipment leasing process that allows for greater control. - Instant quoting for equipment leasing - Automated process - Application management - Access to multiple reputable lenders and direct communication with said lenders - Easy online application - One standard application for all lenders - Organize applications by each lender for easy management - No need to contact multiple leasing representatives creating quicker response times
Last updated
FaaStrak Revenue
In 2024, FaaStrak's revenue reached $1.1M. The company previously reported $663K in 2023. Since its launch in 2018, FaaStrak has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | FaaStrak Hit $1.1m revenue in October 2024 | |
| 2023 | FaaStrak Hit $663k revenue in December 2023 | |
| 2021 | FaaStrak Hit $642.4k revenue in April 2021 | |
| 2018 | Launched with $0 revenue |
FaaStrak Valuation, Funding Rounds
FaaStrak reached a $3.5M valuation in 2019, set during its Convertible Note round.
FaaStrak has raised $710K in total funding across 3 rounds, most recently a $150K Convertible Note round in 2019.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2019 | Convertible Note | $150K | $3.5M | 4% | |
| 2018 | Seed Round | $410K | $2.3M | 18% | |
| 2018 | Seed Round | $150K | - | - |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for FaaStrak yet.
FaaStrak Employees & Team Size
FaaStrak employs approximately 7 people as of 2026, down from 11 in 2023, including 1 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 7 employees (October 2024) |
| 2023 | Reached 11 employees (December 2023) |
| 2023 | Reached 12 employees (December 2023) |
| 2022 | Reached 15 employees (December 2022) |
| 2022 | Reached 15 employees (December 2022) |
| 2021 | Reached 14 employees (December 2021) |
| 2021 | Reached 8 employees (April 2021) |
Frequently Asked Questions about FaaStrak
What is FaaStrak's revenue?
FaaStrak generates $1.1M in revenue.
Who founded FaaStrak?
FaaStrak was founded by Ken Brokaw.
Who is the CEO of FaaStrak?
The CEO of FaaStrak is Ken Brokaw.
How much funding does FaaStrak have?
FaaStrak raised $710K.
How many employees does FaaStrak have?
FaaStrak has 7 employees.
Where is FaaStrak headquarters?
FaaStrak is headquartered in Charlotte, North Carolina, United States.
Compare FaaStrak to the industry
FaaStrak operates across multiple industries. Browse revenue, funding, and growth data for FaaStrak in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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