Toronto, CANADA, December 15, 2021 — FreshBooks, a leading cloud accounting software provider with paying customers in 160+ countries, launched its cash-back credit card with Visa Inc., the world’s leader in digital payments. The FreshBooks Retirement Ready Visa makes it easier and more convenient for self-employed Americans to save for retirement. The rewards program offers 4% cash toward a retirement savings plan earned through daily business purchases such as office supplies, software subscriptions, gas, and more.

“Only 13% of American solopreneurs take part in a workplace retirement plan¹,” said FreshBooks Chief Commercial Officer Mark Girvan. Since its launch in June 2020, FreshBooks has proudly partnered with Visa through the Visa Small Business Hub. “We know entrepreneurs can get so wrapped up in the day-to-day that retirement planning takes a back seat. This retirement-focused cash-back card is another practical way FreshBooks and Visa are making it easier for self-employed professionals to succeed.”

As the world moves from analog to digital, Visa is reshaping the future of commerce. Its advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere.

Given the expenses associated with starting and running a business, credit cards can be an essential tool for freelancers and solopreneurs. “With the FreshBooks Retirement Ready Visa, the best part is that cardholders can effortlessly increase their retirement savings with cash back on business purchases they already make,” said Visa Inc. SVP, North America Head of Business Veronica Fernandez. “We are thrilled to partner with a company like FreshBooks that is equally obsessed with helping business owners thrive, especially considering the last 24 months of the COVID-19 pandemic.” 

Among the innumerable impacts of COVID-19, many Americans are rethinking their finances and their prospects for retirement. Retirement might feel far off for some, but the earlier you start saving the better. With a cash-back rewards card, self-employed Americans can get closer to hitting their retirement savings goals while buying everyday business essentials. 

Learn more about the terms and conditions of the FreshBooks Retirement Ready Visa here (insert link).

Learn more about FreshBooks here.

1. The Pew Charitable Trusts. America’s Self-Employed Workers Are Ill Prepared for Retirement (2019). Retrieved from The Pew Charitable Trusts website: https://www.pewtrusts.org/en/research-and-analysis/articles/2019/09/18/americas-self-employed-workers-are-ill-prepared-for-retirement 

About FreshBooks

FreshBooks is on a mission to help small business owners grow and thrive. Our easy-to-use accounting platform, trusted by businesses in over 130 countries, simplifies invoicing, accounting, payments, expense management, and empowers owners to track and manage the day-to-day finances of their businesses. With 11x Stevie award-winning customer support, FreshBooks serves a diverse range of customers, operating from offices in Canada, Croatia, Germany, the Netherlands, Mexico, the U.K., and the U.S. Consistently honored as a Top 10 employer by Great Places to Work for eight of the last nine years, FreshBooks is committed to delivering exceptional experiences to our customers. Learn more at freshbooks.com.

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews.

Contact

Ellen Kaross

FreshBooks

pr@freshbooks.com