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§ Private Profile · Palo Alto, CA, USA
Mobile invoicing application for small businesses and freelancers to manage invoices and streamline billing and financial management workflows.
Invoice2go is a mobile invoicing application enabling small business owners and freelancers to create, send, and manage invoices across mobile phones, tablets, and desktop computers, headquartered in Sydney, Australia, with an office in Palo Alto, California. The platform streamlines billing and financial management workflows for independent businesses globally, particularly in English-speaking markets. Prior to its acquisition by Bill.com, Invoice2go raised $35 million in Series A funding led by prominent investors Accel Partners and Ribbit Capital. The company serves over 250,000 customers worldwide, facilitating approximately $10 billion in invoices annually and reaching over 6 million consumers depending on the platform. Key figures associated with Invoice2go include founder Chris Strode, former CEO Greg Waldorf, and current CEO Mark Lenhard. Invoice2go was founded in 2002 by Chris Strode.
Invoice2go has raised $70.0M across 5 funding rounds.
Invoice2go has raised $70.0M in total across 5 funding rounds.
Invoice2go has raised $70.0M across 5 funding rounds. Most recently, it raised $10.0M Other Equity in September 2018.
Invoice2go has raised $70.0M in total across 5 funding rounds.
Invoice2go's investors include Hemi Zucker, Accel, Ribbit Capital, OCV Partners, Crosscut Ventures, Freestyle Capital, Greylock, High Alpha, Meritech Capital Partners, Piazza Venture Labs, Redpoint Ventures, Scale Venture Partners.
Invoice2go is a mobile and web-based invoicing platform designed for micro and small business owners, offering tools for invoicing, expense tracking, online payments, estimates, and reporting across four subscription tiers (Lite, Standard, Advanced, Unlimited).[2][3] It serves over 225,000 customers in more than 160 countries, processing $24 billion in transactions annually, and was acquired by Bill.com in 2021, empowering freelancers and independents to streamline admin tasks and focus on their work.[2][3] The platform solves cash flow challenges by enabling faster payments—users get paid seven days quicker on average while saving three hours weekly—and has become the highest-grossing mobile invoicing app globally, with strong growth from app store launches and fintech expansions.[1][2][6]
Founded on April 29, 2002, in Erina, Australia, by developer Chris Strode, Invoice2go started as a mobile app to help small businesses effortlessly track work and get paid through simple invoicing and reporting.[1][2] The idea emerged from Strode's recognition of administrative pain points for independents, gaining traction when it launched on the iTunes App Store in 2009 and ranked among the top 10 business apps by 2011.[2] Pivotal moments included 2014's CEO shift to Greg Waldorf (ex-eHarmony and Accel), fueling Silicon Valley expansion; 2015's investor attention and one million monthly invoices milestone; $35 million funding led by Accel in an undisclosed year; and $10 million raised in 2018 with board additions like Hemi Zucker.[2][6] Acquired by Bill.com in 2021 under CEO Mark Lenhard (Silicon Valley veteran), it adapted during COVID-19 by boosting online payments for small businesses.[2]
Invoice2go rides the freelance economy boom, where 4+ million US independents joined in five years, fueling demand for fintech tools amid rising self-employment (nearly 30% of Americans).[3] Timing aligned with mobile app proliferation post-2009 and COVID-19 shifts to digital payments, positioning it as a leader in accounts receivable for underserved small businesses ignored by enterprise software.[2][5] Market forces like global e-commerce growth and investor interest (e.g., Accel, Silicon Valley VCs) favored its expansion from Australia to dual HQ in Sydney and Silicon Valley.[2][6] It influences the ecosystem by amplifying "independent spirit," enabling faster cash flow for millions and inspiring fintech inclusivity, now enhanced post-Bill.com acquisition.[3][4]
Post-2021 Bill.com acquisition, Invoice2go will likely deepen integrations with broader payments ecosystems, expanding toolkit features like community initiatives and AR innovations to capture more of the $1T+ global freelance market.[2][5] Trends like AI-driven invoicing, embedded finance, and remote work will propel growth, especially as small businesses demand seamless, mobile-first tools amid economic volatility. Its influence may evolve from standalone app to core Bill.com pillar, further democratizing fintech for independents worldwide—reinforcing its role as the effortless engine for the skyrocketing solopreneur wave that began with Strode's 2002 vision.[1][3]