FaaStrak
Charlotte, North Carolina, United States
Valuation · 2019
$3.5M
2024 Revenue
$1.1M(Est.)
Funding
$710K
Team
7
Founded
2018
FaaStrak Revenue, Valuation & Funding (2024)
FaaStrak generated an estimated $1.1M in annual revenue in 2024. Source: GetLatka estimate
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 | Not recorded |
| 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% | Not recorded |
| 2018 | Seed | $410K | $2.3M | 18% | Not recorded |
| 2018 | Seed | $150K | - | - | Not recorded |
Founder / CEO
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) | Not recorded |
| 2023 | Reached 11 employees (December 2023) | Not recorded |
| 2023 | Reached 12 employees (December 2023) | Not recorded |
| 2022 | Reached 15 employees (December 2022) | Not recorded |
| 2022 | Reached 15 employees (December 2022) | Not recorded |
| 2021 | Reached 14 employees (December 2021) | Not recorded |
| 2021 | Reached 8 employees (April 2021) | Not recorded |
Frequently Asked Questions about FaaStrak
Is FaaStrak still operating?
No. FaaStrak has shut down.
What is FaaStrak's revenue?
As of 2024, FaaStrak generated an estimated $1.1M in annual revenue.
Who founded FaaStrak?
FaaStrak was founded by Ken Brokaw.
When was FaaStrak founded?
FaaStrak was founded in 2018.
How much funding does FaaStrak have?
FaaStrak raised $710K across 3 rounds.
How many employees does FaaStrak have?
As of 2024, FaaStrak had 7 employees.
Where is FaaStrak headquartered?
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
Mobcoder Inc
Mobcoder is a global technology company specializing in AI development and innovative solutions...
Kiwi Biosciences
Patent-pending enzymes to break down common dietary triggers
Wallet.Services
Developer of an online blockchain platform designed to manage technical issues and implement best...
Synapse Information
Developer of a digital platform created to provide smart business spreadsheet solutions. The...
Forestry
Provider of a cloud-based content-management platform intended to ease content management on static...
Hypha Knowledge Integration
A cloud platform that helps teams join up innovation assets, knowledge and ways of working to...
