InDinero
 | |
| Company type | Private[1] |
|---|---|
| Industry | Software as a service |
| Founded | 2009[citation needed] |
Key people | Jessica Mah (Founder, CEO), Andy Su (Founder, Board Member) |
| Products | Accounting software, Financial software, Virtual CFO, Bookkeeping, Tax return preparation |
Number of employees | 219 (2019) |
| Website | www |
inDinero is an accounting software and services company providing accounting and financial software.[2] Founded in 2009 by Jess Mah, Andy Su, and Andrea Barrica, inDinero graduated the startup incubator, Y Combinator in 2010.[3] On May 8, 2018, inDinero acquired San Jose-based firm tempCFO.[4] On February 1, 2019, inDinero acquired a second company, mAccounting, an Indianapolis-based accounting and tax firm.[5]
History
[edit]Jessica Mah started the initial development of inDinero at age 19 after meeting her co-founder Andy Su at UC Berkeley. Upon graduating from Y Combinator in August 2010, inDinero gained angel attention.[6] In February 2013, inDinero received the largest of a three-fund investment from FundersClub in their initial investment in enterprise software companies.[7]
By 2014, the company had 75 employees.[8]
Two years later, in February 2015, inDinero closed its largest funding round, a Series B round worth $7 million.[9][10] Similar competitors include Bench, Botkeeper, and BooksTime.[11]
In March 2015, the company opened an office in Portland, Oregon.[12][13]
Software
[edit]inDinero's software combines accounting, tax filing and payroll management for small businesses with up to 100 employees.[14][15][16] In addition, accountants and tax specialists manually review customers' financial statements.[17]
References
[edit]- ^ "Company Overview of inDinero, Inc". Bloomberg Businessweek.
- ^ "10 Brilliant Apps Small Businesses Should Use". Forbes.
- ^ "Y Combinator's Demo Day Keeps Growing And Growing…". "The Wall Street Journal.
- ^ "inDinero Acquires tempCFO to Create an Outsourced Seed-to-Exit Financial Solution for High-Growth Startups". Yahoo Finance.
- ^ "Indianapolis-based mAccounting acquired by Oregon firm". Indianapolis Business Journal.
- ^ "The New Class". Forbes.
- ^ "FundersClub Backs Enterprise Software". Yahoo Finance.
- ^ Gardella, Adriana (2014-12-31). "A Reversal for InDinero, a Once-Struggling Accounting Software Start-Up". The New York Times. ISSN 0362-4331. Retrieved 2023-01-26.
- ^ "After Relaunching As A Full-Service Accounting Startup, inDinero Raises Another $7M". TechCrunch.
- ^ Portillo, Caroline McMillan (2015-06-30). "When her VC-backed startup got down to its last $150K, she made a drastic change". www.bizjournals.com. Retrieved 2023-01-26.
- ^ "inDinero Competitors". Alexander Daniels.
- ^ Rogoway, Mike Rogoway (2015-03-27). "SF startup will make Portland 'primary office,' hire 50". The Oregonian. Retrieved 2023-01-26.
- ^ Rogoway, Mike (2016-04-15). "Accounting startup InDinero: Portland office to double". The Oregonian. Retrieved 2023-01-26.
- ^ Kim, Eugene. "This 24-Year-Old High School Dropout Is Tackling A Problem Every Startup Hates To Deal With". Business Insider. Retrieved 2023-01-22.
- ^ Rogoway, Mike (2015-03-27). "SF startup will make Portland 'primary office,' hire 50". The Oregonian. Retrieved 2023-01-22.
- ^ Ha, Anthony (2015-02-18). "After Relaunching As A Full-Service Accounting Startup, inDinero Raises Another $7M". TechCrunch. Retrieved 2023-01-22.
- ^ Kim, Eugene (2014-11-27). "This 24-Year-Old High School Dropout Is Tackling A Problem Every Startup Hates To Deal With". Business Insider. Retrieved 2023-01-22.