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inDinero

inDinero

Accounting software for data-driven businesses

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Deal Type

Equity

Funding Goal

$5,000,000

Current Reservations

$1,635,000

Minimum Reservation

$10,000

Maximum Reservation

$5,000,000

Deal Stage

Other

Pre-money Valuation

$225,000,000

Open Date

08/01/2018

Closing Date

10/01/2018

Elevator Pitch

inDinero is a rapidly growing cloud-based company that provides SMBs and its accounting firm partners with full-service, dynamic accounting software and tax services for the modern era.

KPIs

184 Employees
Cash Flow Positive
$14,000,000 Sales
770 Users

Company Overview

We pair customers with a full team of accounting, tax, and business experts who work directly with the customer and each other to build a comprehensive, long-term strategy for their financial performance and compliance necessities.

Customers are able to access the financial data they need anytime, anywhere via an accounting dashboard that automatically updates to provide a comprehensive picture of where their business stands at any given moment.

Our founder-friendly software brings their finances together so they can manage them from anywhere via a cloud interface. Get a snapshot of the company’s financial health, review key financials, and see value & cost centers at a glance.

We give startups and small to medium-sized businesses their own finance and accounting team. The customers' team will help them understand how much money they have, who they owe and who owes them, their cash runway, and ultimately, the health of their business. We’ll provide the financial reports to deeply understand their business, as well as the reports required by investors, lenders, and other financial stakeholders.

The Company is on track to achieve $14M in revenue and $22M run rate revenue by the end of 2018.

The Company has raised ~$12M in funding from some of the most reknowned investors and VCs in the industry.

Traction

  • Embarking on unique partnership / bulk customer acquisition strategy with accounting firms (2 being onboarded this year; another 3 in LOI)

    July, 2018
  • inDinero onboards tempCFO, an outsourced provider of high-end corporate CFO and finance services for SMBs

    September, 2017

Press Mentions

Key Customers & Partners

tempCFO Watsi The Human Expansion Co. Improve Presentation Fivetran The Town Kitchen

Testimonials

Kamil Goliszewski
Kamil Goliszewski
Improve Presentation
"inDinero's service is one of the reasons we can afford to be 100% engineering hires (no CFO, no admin, no bookkeeper) and not be swamped by tracking finance, onboarding, and reporting."
Tara Mutukisna
Tara Mutukisna
The Town Kitchen
"THANK YOU for your dedication, I really appreciate it! This will really assist us in being able to easily pull accurate P&Ls for investor meetings, etc. AMAZING!"
Chase Adam
Chase Adam
Watsi
"In our first fiscal year, we grew 1000%...inDinero did an amazing job of keeping track of our books, our accounting, and getting us through our first major audit with an excellent outcome."
Taylor Brown
Taylor Brown
Fivetran
"I wanted to thank you and the inDinero team for such an easy tax process. Super sweet."
David G. Stone
David G. Stone
The Human Expansion Co.
"Because inDinero is cloud-based, I can be on set with a client on the other side of the planet and send an invoice, pay a bill, or submit a batch of expense reimbursements making it easy to keep up with my finances from anywhere."

Previous Funding

  • $12,000,000 Equity
  • Raise Source: Investors
  • January 2018

Frequently Asked Questions

How big is your market?

It's a huge market. All SMBs need accounting. Current market is $100B+ including 10M+ potential SMBs.

How do you help accounting firms?

inDinero eliminates 70%+ of human labor and saves customers a ton of money.

Why we're different

We designed inDinero as a business management solution for busy founders and CEOs: A software that automates day-to-day bookkeeping tasks while also making critical financial information available at their fingertips. This gives the business owner independence to get the numbers they need, whenever they need them, wherever they are. Real, live human experts are dedicated to the company’s success. Our service provides helpful, responsive accounting and tax services, so they’re never in the dark about their company’s financial health and compliance.

What is your pricing?

Price point from $4,500/year all the way up to $300,000/year. Focus on registered entities, white-collar businesses.

Who are some of your existing investors?

Our investors include Kevin Hartz (EventBrite), Keith Rabois (Khosla Ventures), Jeremy Stoppelman (CEO, Yelp), Mitch Kapor (Kapor Capital), Sam Altman & Paul Graham (Y Combinator), and Firtz Lanman (CEO, ClassPass).

Risks & Disclosures

DISCLAIMER: The information in this presentation is made available for informational purposes only. None of the information contained in this presentation constitutes a solicitation or offer by inDinero or its affiliates to buy or sell any securities or other financial instruments or provide any investment advice. The information in this presentation is limited to the dissemination of general information regarding products and services. The information and services provided in this presentation are not provided to and may not be used by any person or entity in any jurisdiction where the provision or use thereof would be contrary to applicable laws, rules or regulations of any governmental authority or regulatory or self-regulatory organization or clearing organization or where inDinero is not authorized to provide such information or services. Some products and services described in this presentation may not be available in all jurisdictions or to all clients.

Documents

Confidential

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