Overview

Found is a financial management platform tailored for small businesses and independent contractors. It provides tools for tracking income and expenses, preparing taxes, and invoicing. Users can automatically set aside taxes, generate Schedule C reports, and make tax payments directly through the app. Found also offers real-time profit and loss statements, customizable tracking options, expense categorization, and receipt logs. The invoicing feature allows users to create and send personalized invoices, schedule recurring invoices, and receive payment notifications. Unlike many competitors, Found focuses on delivering a user-friendly experience specifically designed for the needs of small business owners and freelancers. The goal of Found is to simplify financial management for its users, enabling them to efficiently handle their finances and focus on growing their businesses.

Simplify's Take

What believers are saying

• Integration with AI-driven advisory services enhances personalized financial planning.
• The rise of gig economy platforms increases demand for Found's specialized tools.
• Open banking APIs allow Found to enhance platform connectivity with financial institutions.

What critics are saying

• Increased competition from fintech startups could erode Found's market share.
• Changes in tax regulations may lead to higher operational costs for Found.
• A recent data breach in fintech raises concerns about data security for Found.

What makes Found unique

• Found offers built-in expense tracking and tax savings for self-employed individuals.
• The platform provides real-time profit and loss statements and customizable tracking.
• Found's invoicing feature allows scheduling and tracking with notifications.

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Funding

Total Funding

$72.8M

Above

Industry Average

Funded Over

2 Rounds

$60,000,000

Series B

Feb 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$60M

$65M

$100M

View all funding stages