Fondo is an online platform that provides bookkeeping, tax filing, and tax credit services for startups, automating essential accounting tasks to save founders time and maximize potential IRS cash returns. Fondo specializes in making accounting effortless for early-stage and growth-stage companies, helping clients handle their books, optimize and file taxes, and claim tax credits such as the R&D tax credit—often resulting in thousands of dollars in cash back each year.
The company’s core offering includes automated bookkeeping, tax preparation and filing, and the identification and claiming of tax credits, with a focus on the needs of tech startups. According to Fondo, the average startup receives $21,000 in IRS cash back through their services, with some qualifying for up to $500,000 per year. The platform is designed to be fully managed, allowing founders to focus on building their business rather than worrying about accounting and compliance.
What technology enables Fondo's services?
Fondo operates as a SaaS platform tailored for startup needs, leveraging automation and integrations to streamline otherwise manual bookkeeping and tax processes. By connecting to bank accounts, payroll providers, and expense tools, Fondo automatically gathers financial data, categorizes transactions, and prepares filings. This automation not only reduces errors but also accelerates the process of identifying eligible tax credits and deductions, ensuring startups make the most of available incentives.
Who uses Fondo?
Fondo primarily serves startups and small businesses across the United States, with a particular focus on technology-driven companies and venture-backed founders. Their client base includes over 1,000 startups, ranging from early-stage ventures to scaling teams who need to outsource complex accounting and tax functions, freeing up time to focus on growth and product development. The company’s remote-first approach also supports founders across various regions, regardless of where they are located.
Who are Fondo's competitors?
Fondo operates in the B2B fintech and startup accounting software space, where several platforms offer overlapping or specialized services:
- Brex: Provides spend management and accounting integrations for startups.
- QuickBooks Online: A leading small business accounting software widely adopted for its talent pool and integrations.
- Xero: Cloud-based accounting for startups and SMBs, known for intuitive bookkeeping and cash flow management.
- Sage Intacct: Advanced cloud accounting, often used by larger or scaling startups.
- Wave Accounting: Free accounting software for small businesses.
- Zoho Books: Accounting and invoicing tailored for startups.
- Puzzle: QuickBooks alternative focusing on real-time financial insights for startups.
- FreshBooks: Cloud accounting aimed at small business growth.
- Pilot: Bookkeeping, CFO, and tax services specifically for startups and small businesses.
- Zeni: AI-driven accounting platform for startups.
Fondo differentiates itself by combining automated bookkeeping, expert tax filing, and proactive tax credit identification in a single, founder-friendly solution focused on maximizing IRS cash returns for startups.
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