The Toronto-based accounting software company declined to say precisely how much it had raised. The firm previously brought in $40 million in 2014 and $57 million in 2017. Its latest round “is the most significant investment so far for FreshBooks,” said Candice So, senior public relations manager at FreshBooks. (The Logic)

Talking point: FreshBooks is the second Toronto-based fintech firm to partner with a much larger U.S. firm in the past two months. In June, Wave announced a $537-million acquisition by tax-services giant H&R Block. For Wave, that deal came with access to H&R Block’s global scale: H&R Block has 70,000 tax professionals and 11,000 retail tax offices in the U.S., Canada, Australia and India. Wave has about 260 employees. There’s a similar goal here for FreshBooks, whose services have been used by more than 20 million people since 2004; JPMorgan has a market cap of US$354 billion.