FreshBooks, the Toronto-based financial software company, has introduced a Buy Now, Pay Later (BNPL) feature for its customers in the United States and Canada through a partnership with Affirm. This new capability enables clients to pay invoices in instalments—either biweekly or monthly—while allowing business owners to receive the full invoice amount upfront, minus a processing fee.
Accessible through FreshBooks Payments, the BNPL option aims to help small and medium-sized businesses win more contracts, strengthen customer loyalty, and drive long-term growth. “By giving their clients a smarter, more flexible way to pay for services, FreshBooks customers can win more jobs, drive customer loyalty, and fuel long-term growth,” said Andrew Gunner, Head of Product at FreshBooks.
Founded in 2004, FreshBooks offers SMBs tools for accounting, billing, payroll, payments, and client engagement. The BNPL launch follows the company’s expanded partnership with Stripe last year to enable integrated digital payments directly through invoices. Earlier in 2025, FreshBooks secured $125 million USD in debt financing from Morgan Stanley and appointed Shaheen Javadizadeh as CEO to support its path toward sustainable profitability.
The BNPL market continues to grow in North America, with companies like Shopify also deepening partnerships with Affirm. Shopify recently expanded its exclusive agreement to bring Shop Pay Installments to Canadian merchants, marking its first availability outside the U.S. Affirm, which acquired Canadian BNPL firm PayBright in 2021, is actively extending its presence and partnerships across the region.
FreshBooks’ latest offering positions it competitively within the evolving fintech landscape by integrating flexible payment solutions that benefit both businesses and their clients.
