Search company, investor...
Search
freee company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

freee.co.jp

Founded Year

2012

Stage

IPO | IPO

Total Raised

$142.8M

Date of IPO

12/17/2019

About freee

freee (TYO: 4478) is an automated online accounting software developed for SMBs (server message block protocols). It syncs with bank accounts and credit card accounts and automatically categorizes income and spending through text analysis. Users can generate financial statements to review how freee has categorized items and click to approve.

freee Headquarters Location

2-8-1 Nishigotanda, Shinagawa-ku Gotanda First Building 9F

Tokyo, 141-0031,

Japan

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Research containing freee

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned freee in 1 CB Insights research brief, most recently on Jun 9, 2021.

Expert Collections containing freee

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

freee is included in 3 Expert Collections, including Fintech 250.

F

Fintech 250

498 items

S

SMB Fintech

1,230 items

F

Fintech

3,184 items

Track and capture company information and workflow.

Latest freee News

freee K K : Financial Results for Q4 FY2022.6

Aug 12, 2022

08/12/2022 | 02:40am EDT Message : English Translation This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail. Consolidated Financial Results [Japanese GAAP] Inquiries: TEL: Scheduled date to commence dividend payment: Scheduled date to file annual securities report: Preparation of supplementary materials on financial results: Holding of financial results meeting: September 29, 2022 (Millions of yen with fractional amounts rounded down, unless otherwise noted) 1. Consolidated financial results for the fiscal year ended June 30, 2022 (from July 1, 2021 to June 30, 2022) (1) Consolidated operating results (11,598) (2,758) -%) 2. Adjusted operating profit is the sum of the operating profit, stock-based compensation expenses, expenses for amortization of acquisition-related intangible assets, and one-time cost. Basic earnings Fiscal year ended June Consolidated financial position 36,095 million 46,560 million English Translation This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail. Consolidated cash flows 2023(Forecast) 3. Consolidated earnings forecasts for the fiscal year ending June 30, 2023 (from July 1, 2022 to June 30, 2023) For the fiscal year ending June 30, 2023, we forecast net sales of 18,821 million yen (up 34.6% compared to net sales for Platform business(1) for the fiscal year ended June 30, 2022) backed by the expansion of customer base in the SaaS business, enhancement in customer value, etc,. On the other hand, adjusted operating loss(2) is expected to be 7,452 - 6,802 million yen due to investment for sustainable growth over the mid to long-term. Compared to consolidated financial results for the fiscal year ended June 30, 2022 (including the Shikaku Square sold on December 1, 2021), net sales for the fiscal year ending June 30, 2023 will increase by 30.9%. For details, please refer to "1. Qualitative information regarding results for the period, (4) Explanation of consolidated earnings guidance and other forward-looking statements." (Percentages indicate year-on-year changes.) 〜△36.1 Notes:1. Platform business: Business consisting of the integrated cloud ERP offering for small businesses and financial services, etc. 2. Adjusted operating profit is the sum of the operating profit, stock-based compensation expenses, expenses for amortization of acquisition-related intangible assets, and one-time cost. English Translation This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail. * Notes Changes in significant subsidiaries during the period (changes in specified subsidiaries : None resulting in the change in scope of consolidation) Changes in accounting policies, changes in accounting estimates, and retrospective restatement a. Changes in accounting policies due to revisions to accounting standards and other : Applicable regulations b. Changes in accounting policies other than a. above : : a. Total number of issued shares at the end of the period (including treasury stock) Fiscal year ended June 30, 2022 2021 the end 2022 2021 during the period 2022 2021 50,224,204 shares (Reference) Overview of non-consolidated financial results Non-consolidated financial results for the fiscal year ended June 30, 2022 (from July 1, 2021 to June 30, 2022) (1) (2) 36,229 million 46,605 million Proper use of earnings forecasts, and other special matters Forward-looking statements, including the consolidated forecasts stated in these materials, are based on information currently available to the Company and certain assumptions deemed reasonable. The achievement of said forecasts cannot be promised. Results may differ materially from the consolidated forecasts due to various factors. English Translation This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail. Table of contents 2 5 6 7 9 10 11 13 15 15 English Translation This is a translation of the original release in Japanese. In the event of any discrepancy, the original release in Japanese shall prevail. 1. Qualitative information regarding results for the period (1) Explanation of operating results We estimate that the TAM (*1) for cloud accounting and HR software for small businesses (*2) is around 1.2 trillion yen (*3). At present, however, among SMBs with less than 1,000 employees and self-employed that use accounting software, the adoption rate of cloud accounting software is only 26.3% (*4). We believe that this relatively low adoption rate represents an opportunity for us to further expand the use of cloud ERP software among SMBs. In line with our corporate mission Empower Small Businesses to Take Center Stage, " we develop and offer services aimed at realization of " Integrated Management Platform for Everyone to Manage Business Freely. " In the current fiscal year, to realize our mission, we, the freee Group, made investments to improve the functionality of our primary services, "freee Accounting" and "freee HR". To make the service available to more customers in the Mid segment (*5), we have enhanced the fixed asset management and automatic invoice processing functions and released "freee Expense Management" and "freee Time Tracking Plus" to make it easier to introduce our services. Further, we have released "freee Card Unlimited" to meet the growing financing needs of our customers, especially in the Mid segment. Also, to strengthen our network with accounting firms, the most critical partner in the small business, we made Mikatus Inc. a subsidiary, which provides A-SaaS, the crowd-based tax, accounting, and payroll system for accounting firms. For the Platform business (*6), ARR (*7) increased by 33.6% year-on-year to 15,057 million yen at the end of the fiscal year, as well as the number of paying customers (*8) by 29.4% to 379,404, and ARPU (*9) by 3.3% to 39,686 yen. Moreover, for the Platform business in the fiscal year ended June 30, 2022, net sales increased by 36.4% to 13,987 million yen year-over-year and adjusted operating loss (*10) was 2,343 million yen (2,301 million yen in the previous fiscal year). Considering the M&As conducted during the fiscal year (ARR from Mikatus Inc. is 715 million yen), ARR amounted to 15,772 million yen. As a result, for the consolidated fiscal year under review, net sales increased by 40.2% year-over-year to 14,380 million yen, adjusted operating loss was 2,250 million yen (2,301 million yen in the previous fiscal year, and the same applies hereafter), operating loss was 3,042 million yen(2,441 million yen), ordinary loss was 3,085 million yen (2,719 million yen). As stated in the "Announcement Regarding Mid to Long-term Strategy and Booking of Impairment Loss Based on the Strategy" disclosed today, we recognized an impairment loss of 9,088 million yen. As a result, loss attributable to owners of parent resulted in 11,609 million yen (2,756 million yen). Trends in ARR, Number of Paying Customers and ARPU Jun. 30, 2018

freee Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

freee Rank

  • When was freee founded?

    freee was founded in 2012.

  • Where is freee's headquarters?

    freee's headquarters is located at 2-8-1 Nishigotanda, Shinagawa-ku, Tokyo.

  • What is freee's latest funding round?

    freee's latest funding round is IPO.

  • How much did freee raise?

    freee raised a total of $142.8M.

  • Who are the investors of freee?

    Investors of freee include Salesforce Ventures, LINE Corporation, Mitsubishi UFJ Financial Group, Greyhound Capital, Life Card and 12 more.

  • Who are freee's competitors?

    Competitors of freee include Billtrust, AvidXchange, Canopy Tax, Invoice2go, Bench Accounting and 8 more.

You May Also Like

Kyriba Logo
Kyriba

Kyriba offers cloud-based Proactive Treasury Management solutions and delivers cash management technology to CFOs, treasurers, and financial professionals. The company's secure and scalable SaaS treasury, bank connectivity, risk management, and supply chain finance solutions enable organizations to drive corporate growth, obtain critical financial insights, minimize fraud, and ensure compliance.

C
ContaAzul

ContaAzul offers easy-to-use SaaS accounting and invoicing solutions for small businesses in Brazil. ContaAzul helps businesses save time and focus on growth through a cloud-based platform that uniquely addresses the complexities of the Brazilian marketplace.

Bench Accounting Logo
Bench Accounting

Bench is an online bookkeeping service that provides tax-ready financial statements from professional bookkeepers.

Dext Logo
Dext

Dext formerly known as Receipt Bank, creates software to automate accounting processes, such as the collection of receipts and invoices for small businesses.

C
Canopy Tax

Canopy provides cloud-based practice management software to thousands of accounting professionals nationwide. The modern, easy-to-use software cuts out accounting firm busywork, improves the client experience, and helps firms stay organized and operating efficiently. Committed to data security, Canopy’s solutions are SOC2 certified and data encrypted to ensure personal information is secure.

Silverfin Logo
Silverfin

Silverfin offers a connected accounting platform to help businesses stay on top of their financial data. Silverfin's platform plugs into popular accounting software and other financial data sources to help finance departments, accountancy firms and consultants, such as external tax specialists, get much better real-time visibility of a company's financial data.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.