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Fusebill is a technology company.
Fusebill has raised $10.0M across 3 funding rounds.
Fusebill has raised $10.0M in total across 3 funding rounds.
Stax Bill is automated subscription billing and payments with a human touch. We help businesses automate the repetitive so they can focus on the bigger picture.
Fusebill is a cloud-based SaaS platform that automates subscription billing, recurring invoicing, payment management, revenue recognition, and analytics for businesses, primarily serving SaaS, IoT, media, and cloud infrastructure companies worldwide.[1][2][3] It helps hundreds of small and medium-sized enterprises manage over 10 million customers by simplifying complex billing models like usage-based, consumption, licenses, and one-time fees, reducing manual processes, failed payments, and compliance issues while integrating with tools like Salesforce, Netsuite, Hubspot, and GeoTab.[1][2][3] The platform targets B2B and B2C clients, with over 90% in the U.S., enabling rapid growth through efficient accounts receivable and scalable monetization; it has shown triple-digit year-over-year growth historically and processed over 64 million invoices.[1][3][5]
Founded in 2011 and headquartered in Kanata, Ottawa, Canada, Fusebill emerged from recognizing the need for cloud-based tools to automate manual accounting and financial workflows in recurring billing as businesses shifted to "everything as a service" models.[1][4] CEO Tyler Eyamie led the company from inception, prioritizing integrations with general ledgers and accounting standards to address compliance challenges for growing firms; early focus was on rapidly scaling SaaS and fintech sectors.[1][2] Pivotal traction came quickly with over 200 customers, $8-10.6 million in funding from VCs, angels, and friends, and a niche in simplifying AR/AP for high-growth companies, employing around 40 people by the mid-2010s.[1][3][4] In 2021, Fattmerchant (later aligned with Stax) acquired a majority stake, leading to a 2023+ rebrand as Stax Bill to leverage paytech synergies while retaining core automation tech.[4][5]
Fusebill rides the explosive shift to subscription and recurring revenue models in fintech, SaaS, and IoT, where businesses need agile tools to manage "as-a-service" complexity amid global digital transformation.[1][2] Timing aligns with rising demand for billing automation as SMBs scale without robust AR systems, fueled by market forces like e-commerce growth, IoT device proliferation, and compliance pressures—positioning it against competitors like Zuora, Paddle, and CheddarGetter in a $13K+ fintech item ecosystem.[1][4] It influences the ecosystem by enabling cutting-edge firms (e.g., nonprofits, GPS tech) to focus on innovation over billing drudgery, driving efficiency in high-churn sectors and supporting Shopify-scale ambitions through export-led expansion (U.S./Canada/UK/AU/NZ).[1][3][5]
As Stax Bill, Fusebill's trajectory points to accelerated SaaS automation dominance, leveraging Stax's paytech disruption for deeper AR efficiencies, expanded IoT integrations, and global scaling beyond its 200+ customers.[5] Trends like AI-driven billing, usage-based pricing surges, and embedded finance will propel it, potentially evolving into a full-stack revenue platform amid fintech consolidation. Its influence may grow by powering more enterprise monetization, tying back to its roots in simplifying the "everything as a service" revolution for sustained, explosive growth.[1][2][5]
Fusebill has raised $10.0M in total across 3 funding rounds.
Fusebill's investors include Bonfire Ventures, OMERS Ventures, BDC Capital, Pratik Budhdev, Kent Thexton, Covington, OMERS.
Fusebill has raised $10.0M across 3 funding rounds. Most recently, it raised $6.0M Series A in September 2016.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2016 | $6.0M Series A | Bonfire Ventures, OMERS Ventures, BDC Capital, Pratik Budhdev, Kent Thexton | |
| Apr 16, 2013 | $2.0M Other Equity | Covington, OMERS | |
| Apr 1, 2013 | $2.0M Seed | Bonfire Ventures, OMERS Ventures |