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FaaStrak revenue is $642.4k

FaaStrak is worth $3.5 million valuation

FaaStrak team size is 8 employees


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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

Founded

2018

Founded

Revenue

$642.4K

2022 Revenue

YOY
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YOY

Funding

$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

$642.4K

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 DATEROUNDAMOUNTVALUATION
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.

2021
DISTRIBUTIONQTY
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

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=

Lifetime Dollar

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Acquisition Cost

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Average Annual Price

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$0$0024681012
$0$0024681012

Churn

FaaStrak has an annual churn rate of 0.00%.

-100-500%50100

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

NamePosition

FaaStrak Executives

NamePosition
Ken Brokaw CEO

FaaStrak Employees

NamePosition
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