Briefing

FreshBooks gets up to US$100M debt facility from BMO, J.P. Morgan for global expansion

The Toronto-based accounting software maker also has the option to borrow an additional US$25 million. The facility includes the roll over of US$50 million that BMO agreed to lend FreshBooks in August 2021, when it raised a US$80.75-million Series E round at a US$1-billion-plus valuation(The Logic)

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