InDinero

inDinero is an accounting software and services company providing accounting and financial software.[3] Founded in 2009 by Jessica Mah, Andy Su, and Andrea Barrica, inDinero graduated the startup incubator, Y Combinator in 2010.[4] As of September 2018, inDinero had raised about $10 million in equity funding, had a roster of nearly 30 investors.[5] On May 8, 2018, inDinero acquired San Jose-based firm tempCFO.[6] On February 1, 2019, inDinero acquired a second company, mAccounting, an Indianapolis-based accounting and tax firm.[7]

inDinero
TypePrivate[1]
IndustrySoftware as a service
Founded2009 (2009)[2]
Key people
Jessica Mah (Founder, CEO), Andy Su (Founder, Board Member)
ProductsAccounting software, Financial software, Virtual CFO, Bookkeeping, Tax return preparation
Number of employees
219 (2019)
Websitewww.indinero.com

History

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.[8] inDinero closed a $1.2 million seed round the following month, which consisted of investments from Intuit’s David Wu, Yelp’s Jeremy Stoppelman, and YouTube’s Jawed Karim.[9] In February 2013, inDinero received the largest of a three-fund investment from FundersClub in their initial investment in enterprise software companies.[10] Two years later, in February 2015, inDinero closed its largest funding round, a Series B round worth $7 million.[11] Similar competitors include Bench, Botkeeper, and BooksTime.[12]

References
  1. "Company Overview of inDinero, Inc". Bloomberg Businessweek.
  2. "inDinero". Crunchbase.
  3. "10 Brilliant Apps Small Businesses Should Use". Forbes.
  4. "Y Combinator's Demo Day Keeps Growing And Growing…". "The Wall Street Journal.
  5. "inDinero on CrunchBase". CrunchBase.
  6. "inDinero Acquires tempCFO to Create an Outsourced Seed-to-Exit Financial Solution for High-Growth Startups". Yahoo Finance.
  7. "Indianapolis-based mAccounting acquired by Oregon firm". Indianapolis Business Journal.
  8. "The New Class". Forbes.
  9. "Crunchbase Funding Rounds". Crunchbase.
  10. "FundersClub Backs Enterprise Software". Yahoo Finance.
  11. "After Relaunching As A Full-Service Accounting Startup, inDinero Raises Another $7M". TechCrunch.
  12. "inDinero Competitors". Alexander Daniels.
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