FaaStrak
Charlotte, North Carolina, United States
Valuation
$3.5M
2024 Revenue
$1.1M(Est.)
Funding
$710K
Team
7
Founded
2018
FaaStrak Revenue, Valuation & Funding (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 | Source |
|---|---|---|
| 2024 | FaaStrak Hit $1.1m revenue in October 2024 | Estimated |
| 2023 | FaaStrak Hit $663k revenue in December 2023 | Estimated |
| 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 | Source |
|---|---|---|---|---|---|
| 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 | Source |
|---|---|---|
| 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 an estimated $1.1M in annual 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 across 3 rounds.
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.
Claim this profilePeople Also Viewed
Leal
Leal is a customer marketing platform for offline and omnichannel retailers, founded in 2016 in Bogota, Colombia by Camilo Martinez and Florence Bretch. The company helps retailers build a 360-degree view of their customers through first-party data collected via point-of-sale integrations, loyalty programs, and AI-driven campaign orchestration. Leal operates across 13 countries, primarily in Latin America, and has integrated with approximately 350 POS, e-commerce, and software systems. As of mid-2026, Leal serves roughly 700 paying merchants at an average of $2,000 per month, implying monthly recurring revenue of approximately $1.4 million. The company reached profitability in 2026 after a dramatic restructuring that reduced headcount from 200 employees to 38 and engineering staff from 85 to 15. Net revenue retention stands at 120% and monthly gross churn is 0.3% or below. Leal has raised a total of $21 million across multiple rounds, including a Series A of approximately $11 million closed in 2024 and an extension of $6 million split between 2025 and early 2026. Co-founders Martinez and Bretch split equity 50/50 at founding and have operated together for ten years. Martinez has stated the company does not plan to raise additional capital.
Sinngular
UUKI
UUKI is a community platform that helps build meaningful relationships through events, newsletters, and dedicated community pages, focused on Web3 creators, brands, and products.
Mobcoder Inc
Mobcoder is a global technology company specializing in AI development and innovative solutions. Since 2014, we've launched over 300 apps, empowering businesses across various industries and locations.
Mobylogix
Mobylogix started its journey in 2015 with a team of two. Today, it has grown into a full-cycle, mobile-first software development company, with the highest team satisfaction in the industry, independent analyst recognition, and an ever-growing list of delighted clients who work with us again and again. We are proud to have worked with Deribit, Brand Bassador, Tsenso, Craftsman Club. We have helped dozens of startups with modern technologies.
Radical
High-altitude solar-powered aircraft
