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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.

FaaStrak Revenue GrowthReported revenue / ARR over time · latest figure estimated$0$250K$500K$750K$1M$1.3M2018201920202021202220232024$0$642.4K$663K$1.1MSource: GetLatka.com
YearMilestoneSource
2024FaaStrak Hit $1.1m revenue in October 2024Estimated
2023FaaStrak Hit $663k revenue in December 2023Estimated
2021FaaStrak Hit $642.4k revenue in April 2021
2018Launched 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.

FaaStrak Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$0$750K$150K$1.5M$300K$2.3M$450K$3M$600K$3.8M$750K20182019$2.3M$3.5MSource: GetLatka.com
YearRoundAmountValuation% SoldSource
2019Convertible Note$150K$3.5M4%
2018Seed Round$410K$2.3M18%
2018Seed Round$150K--

Founder / CEO

Ken Brokaw

CEO

Ken Brokaw is listed as CEO at FaaStrak.

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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.

FaaStrak Team GrowthReported headcount over time048121620182019202020212022202320240077Source: GetLatka.com
YearMilestoneSource
2024Reached 7 employees (October 2024)
2023Reached 11 employees (December 2023)
2023Reached 12 employees (December 2023)
2022Reached 15 employees (December 2022)
2022Reached 15 employees (December 2022)
2021Reached 14 employees (December 2021)
2021Reached 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.

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FaaStrak Revenue 2024: $1.1M Est. ARR, $3.5M Valuation