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FreshBooks Buys German Company

 FreshBooks, which recently received $130 million in funding, has acquire FastBill, an accounting and invoicing package in Germany. Terms were not disclosed.

FastBill, founded in Frankfort, Germany, in 2011, supports paying customers in 16 European companies. The software is designed for self-employed professionals, small businesses and startups.

FastBill’s 30 employees, including CEO and founder Rene Maudrich will join FreshBooks and report to to FreshBooks’ newly-hired SVP of Markets, Dragana Ljubisavljevic. Maudrich will also become managing director of FreshBooks Germany

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