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Fusebill is an Ottawa, Ontario-based software company that provides a cloud-based subscription billing and management platform to automate accounting, payments, and financial analytics for mid-sized enterprises. The SaaS business operates with approximately 25 employees and generated $2 million in revenue during its first two years of commercial operation. Its platform delivers PCI-compliant infrastructure equipped with automated churn analysis, average revenue per user metrics, and seamless e-commerce integrations tailored specifically for growing subscription-based startups. The company has raised a total of $10.3 million across four venture funding rounds to scale its operations and expand its marketing efforts. This capitalization includes a $2 million investment round secured in 2013 from institutional investors including OMERS and Covington. Fusebill was founded in 2011 by Tyler Eyamie and Greg Burwell, who previously collaborated at the technology firm Protus IP Solutions.
Fusebill has raised $10.0M across 3 funding rounds.
Fusebill has raised $10.0M in total across 3 funding rounds.
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 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 across 3 funding rounds. Most recently, it raised $6.0M Series A in September 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2016 | $6M Series A | — | Bonfire Ventures, OMERS Ventures, BDC Capital, Pratik Budhdev, Kent Thexton | Announced |
| Apr 16, 2013 | $2M Venture Round | Covington, Omers | — | Announced |
| Apr 1, 2013 | $2M Seed | OMERS Ventures, Covington | Bonfire Ventures | Announced |
