FaaStrak revenue is $642.4k
FaaStrak is worth $3.5 million valuation
FaaStrak team size is 8 employees
FaaStrak
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How FaaStrak hit $642.4K Revenue
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
2018
Founded
$642.4K
2022 Revenue
YOY
$710K
Funding
FaaStrak Revenue
In 2022, FaaStrak revenue run rate hit $642.4K in revenue.
2021
FaaStrak hit $642.4K in revenue in 2021
2018
FaaStrak launched in 2018 with $0 revenue
FaaStrak Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2019 Convertible Note
FaaStrak raised a Convertible Note of $150K at a $3.5M valuation in July 2019
2018 Seed Round
FaaStrak raised a Seed Round of $410K at a $2.3M valuation in December 2018
2018 Seed Round
FaaStrak raised a Seed Round of $150K
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 07/25/2019 | Convertible Note | $150K | $3.5M |
| 12/10/2018 | Seed Round | $410K | $2.3M |
| 04/05/2018 | Seed Round | $150K |
Team
FaaStrak has 8 total employees and 1 sales reps that carry a quota.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 8 |
| Engineer | 1(13%) |
| Sales | 1(13%) |
| Marketing | 1(13%) |
CEO/Founder
Ken Brokaw
Q&A
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Advice for 20 year old self
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Customers
FaaStrak has 0 customers.
Lifetime Months
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x
Monthly ARPU
-
=
Lifetime Dollar
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Acquisition Cost
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Average Annual Price
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Churn
FaaStrak has an annual churn rate of 0.00%.
Gross Annual Dollar Churn
-0.00%
Annual Dollar Expansion
0.00%
Net Revenue Retention
0.00%
About FaaStrak
Monthly Revenue
$53.5K
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Total Expenses
$0.0
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Net Income
$0.0
EBIDTA Margin
0.0%
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YOY Growth
0.0%
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Rule of 40
0
FaaStrak Board of Directors
| Name | Position |
|---|
FaaStrak Executives
| Name | Position |
|---|---|
| Ken Brokaw | CEO |
FaaStrak Employees
| Name | Position |
|---|---|
| Ken Brokaw | CEO |
Frequently Asked Questions about FaaStrak
When was FaaStrak founded?
FaaStrak was founded in 2018.
How much revenue does FaaStrak generate?
FaaStrak generates $642.4K in revenue.
Who is the CEO of FaaStrak?
The CEO of FaaStrak is Ken Brokaw.
How much funding does FaaStrak have?
FaaStrak was raised $710K.
How many employees does FaaStrak have?
FaaStrak has raised 8 employees.
Where is FaaStrak headquarters?
FaaStrak headquater is at United States