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As of Jan 2020, these 9 SaaS companies are the largest in the Billing Software space.

The Top Billing Software SaaS Companies

This list tracks the largest private B2B Billing Software SaaS companies by revenue. In total, this list features 9 companies with combined revenues of $24.2M.

These companies have raised a total of $7.1M. Together, these Billing Software saas companies serve 700 customers and employ over 606 on their teams.

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Highlights

Top SaaS Companies with $1 - $5M ARR


Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


02
V
Vindi

Billing Software

Vindi is an online payment platform (PCI certified) that focuses on subscription and recurring billing.

$5M
$5M
-
91
2013
Brazil
03
I
Imobme

Billing Software

Imobme is a cloud tool for managing and controlling sales, receivables, collections, and relationship in a simple way.

$4M
-
-
203
2004
Brazil
04
B
Billflow

Billing Software

The fastest way to launch with Stripe Billing

$491K
-
-
10
2017
United States
05
AI
Agnicore Inc

Billing Software

Agnicore offers Agni Cluster OS, a UNISTACK software platform for custom business, SaaS, and PaaS solutions.

$445K
$2M
-
10
2016
United States
06
IABAKO
IABAKO

Billing Software

Easy invoicing, inventory and business management tool made for small business

$308K
-
-
4
2018
France
07
HGM
Happy Go Mobile

Billing Software

Cloud software for pet care providers that makes it easy to be busy.

$267K
-
100
4
2014
Canada
08
T
Tooq

Billing Software

Tooq is allowed contractors, freelancers and small businesses to create and send professional looking pdf invoices in minutes.

$146K
-
-
2
2010
Canada
09
PLIPAG
PLIPAG

Billing Software

quote to cash for SMBs

$120K
$250K
600
7
2018
Brazil
1 - 9 of 9

What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.