Fintech invoicing app maker Invoice2go, Inc. has raised $15 million Series C in a round led by Ribbit Capital that included existing investor Accel Partners.

Founded in Australia in 2002 (but now with a main office in Redwood City, CA) Invoice2go offers a mobile app that assists small businesses to manage cash flow through easy-to-use invoicing, expense tracking and simple reporting tools.

Users are able to create a customized invoice using a range of templates, along with the ability to add a business logo, or create one using the apps logo designer.

Competing head on with the likes of PayPal, Inc., and Square, Inc., Invoice2go also offers payment support with users being able to allow customers to pay online with a debit or credit card; the payment support also includes reporting that allows users to monitor how their business is performing and which customer has paid what.

In a handy additional feature, the app also comes with receipt tracking, allowing users to keep track of business expenses, always import come tax return time.

The app itself is not short of fans and is currently ranked in first place on Apple’s App Store charts for mobile invoicing apps, and boasts of over 200,000 users who invoice over $1 billion a month.

Stripe deal

Along with the announcement of funding, Invoice2go also announced a new deal with payments service Stripe, Inc. to implement their mobile payments platform within their app.

With the partnership, small to medium enterprises and freelancers will be able to more conveniently accept credit and debit card payments from customers from the app itself versus its previous support for internet payments only.

“No longer do America’s smallest business owners need to wait for a check in the mail. The ability to accept credit and debit card in a seamless way levels the playing field. They can meet the demand of their customers in today’s digital age, and improve their cash flow by getting paid faster,” said Invoice2go Chief Executive Officer Greg Waldorf said in a statement. “There are more than 100 million small businesses around the world and we see opportunity for every one of them to operate more efficiently with simple technology designed specifically for them.”

Including the new round Invoice2go has raised $50 million to-date.

The company said it would use the new round to enable the company to aggressively widen its footprint in the Fintech space with the development of new features to fuel small business growth even further.

Image credit: Invoice2go