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Bonsai

Can a contract-and-invoice SaaS become the full financial and project OS for freelancers and boutique agencies?

HQSan Francisco, CA (US)
Latest roundSeries A, March 2022
IndustryVertical SaaS / Freelance & Agency Management
The story

Founded as a minimalist freelancer toolkit for contracts and invoices, Bonsai progressively expanded into a full client-and-project management suite targeting agencies and professional services firms. The addition of Bonsai Payments (Stripe-powered) and a Bonsai Business Account embedded financial services directly into the workflow. SOC 2 Type II certification and team-tier pricing suggest an ongoing upmarket push from solo freelancers toward SMB agencies.

Last 12 months
2023
Product timeline
2016
Bonsai launched as a freelancer toolkit focused on contracts, proposals, and invoicing.· pivot
2021
Bonsai introduced Bonsai Payments and Bonsai Business Account, embedding financial services for freelancers and agencies.· banking
2022
Raised Series A led by Framework Venture Partners; expanded into full agency/team project management.· pivot
2023
Achieved SOC 2 Type II certification, signaling upmarket enterprise push.· pivot
2024
Added Xero integration and expanded multi-currency billing to 100+ currencies for global freelance/agency market.· banking
The stack
Payments / PSP
StripePayPal
Accounting
QuickBooksXero
Accounting gap: minor