Freshbooks vs Xero: Revenue, Funding & Team Size Compared
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Freshbooks generates $55M in revenue; Xero generates $1.6B. Xero is 28× bigger than Freshbooks by revenue. The table below compares Freshbooks and Xero on funding, valuation, customers, team size and headquarters — every figure GetLatka has verified for each company.
| Company |  FreshbooksThis company |  Xero |
|---|---|---|
| Revenue | $55M | $1.6B |
| Valuation | $1B | $13.5B |
| Funding raised | $207.1M | $1.6B |
| Customers | 305K | 1.6M |
| Team size | 406 | 2.5K |
| Founded | 2003 | 2006 |
| HQ | Toronto, Canada | Te Aro, New Zealand |
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Freshbooks at a glance
Freshbooks generates $55M in revenue with 406 employees, headquartered in Toronto, Canada.
- Revenue
- $55M
- Valuation
- $1B
- Funding
- $207.1M
- Customers
- 305K
- Team size
- 406
- Founded
- 2003
FreshBooks is a cloud-based accounting software that provides businesses with tools for managing invoicing, expenses, and other financial tasks. The company's platform allows businesses to create and send invoices, track expenses, and…
Xero at a glance
Xero generates $1.6B in revenue with 2.5K employees, headquartered in Te Aro, New Zealand.
- Revenue
- $1.6B
- Valuation
- $13.5B
- Funding
- $1.6B
- Customers
- 1.6M
- Team size
- 2.5K
- Founded
- 2006
Xero is a cloud-based accounting and business platform for small and medium businesses, founded in New Zealand in 2006 by Rod Drury. The company listed on the New Zealand Stock Exchange very early in its life and has since grown into a…
Other Freshbooks alternatives
Freshbooks competes with more than the companies on this page. Browse the full alternative lists to compare revenue, funding and team size across the category.
Freshbooks vs Xero: frequently asked questions
Is Freshbooks or Xero bigger?
Xero is the bigger company by revenue, at $1.6B against $55M for Freshbooks.
How much revenue does Freshbooks make?
Freshbooks generates $55M in annual revenue with a team of 406.
How much revenue does Xero make?
Xero generates $1.6B in annual revenue with a team of 2.5K.
How much funding has Freshbooks raised?
Freshbooks has raised $207.1M in total funding since it was founded in 2003.
How much funding has Xero raised?
Xero has raised $1.6B in total funding since it was founded in 2006.