Overview

Found is a fintech platform that helps small businesses, freelancers, and independent contractors manage money in one place. It provides tools for income and expense tracking, tax management, and invoicing. Users can track revenue, categorize expenses, log receipts, and generate professional invoices; real-time profit and loss statements help monitor business health. The app automates tax-related tasks by withholding taxes, generating Schedule C reports, and enabling direct tax payments, reducing administrative work. Found follows a freemium model: a free core app with optional premium features and revenue from subscriptions and partnerships with financial institutions. Its goal is to simplify financial administration for small businesses so users can focus on growing their work.

Simplify's Take

What believers are saying

• Found raised $60M from Founders Fund to expand partnerships in 2026.
• Found Plus offers 1.5% APY on balances up to $20,000 for subscribers.
• Ex-Square execs secured $12.75M from Sequoia to target freelancer banking.

What critics are saying

• Lead Bank terminates partnership, revoking Found's FDIC-insured banking in 24 months.
• Mercury captures share with 4.5% APY and superior integrations within 12 months.
• Stripe raises 2.9% fees, compressing margins on tap-to-pay in 18 months.

What makes Found unique

• Found automates tax withholding and Schedule C reports for self-employed users.
• Built-in expense tracking categorizes transactions automatically via debit card.
• Unlimited free invoicing integrates with Stripe for tap-to-pay acceptance.

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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