InDinero
{{Short description|American accounting software and services company}}
{{Infobox company
| name = inDinero
| logo = InDinero_logo.svg
| logo_size = 250px
| type = Private{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=112825808|title=Company Overview of inDinero, Inc.|publisher=Bloomberg Businessweek}}
| industry = Software as a service
| num_employees = 219 (2019)
| key_people = Jessica Mah (Founder, CEO), Andy Su (Founder, Board Member)
| products = Accounting software, Financial software, Virtual CFO, Bookkeeping, Tax return preparation
| foundation = {{start date and age|2009}}{{cn|date=July 2021}}
| homepage = {{URL|https://www.indinero.com}}
}}
inDinero is an accounting software and services company providing accounting and financial software.{{cite web|url=https://www.forbes.com/sites/ilyapozin/2012/05/29/10-brilliant-apps-small-businesses-should-use/#590dafd82998|title=10 Brilliant Apps Small Businesses Should Use |work=Forbes}} Founded in 2009 by Jess Mah, Andy Su, and Andrea Barrica, inDinero graduated the startup incubator, Y Combinator in 2010.{{cite web|url=https://blogs.wsj.com/venturecapital/2010/08/25/y-combinators-demo-day-keeps-growing-and-growing/|title=Y Combinator's Demo Day Keeps Growing And Growing…
|publisher="The Wall Street Journal }} On May 8, 2018, inDinero acquired San Jose-based firm tempCFO.{{cite web|url=https://finance.yahoo.com/news/indinero-acquires-tempcfo-create-outsourced-154500282.html|title=inDinero Acquires tempCFO to Create an Outsourced Seed-to-Exit Financial Solution for High-Growth Startups|publisher=Yahoo Finance}} On February 1, 2019, inDinero acquired a second company, mAccounting, an Indianapolis-based accounting and tax firm.{{cite web|url=https://www.ibj.com/articles/72323-indianapolis-based-maccounting-sold-to-oregon-firm|title=Indianapolis-based mAccounting acquired by Oregon firm|publisher=Indianapolis Business Journal }}
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.{{cite web|url=https://www.forbes.com/forbes/2010/1108/best-small-companies-10-y-combinator-paul-graham-new-class.html#7f577f2871c6|title=The New Class|work=Forbes}} In February 2013, inDinero received the largest of a three-fund investment from FundersClub in their initial investment in enterprise software companies.{{cite web|url=https://finance.yahoo.com/news/fundersclub-backs-enterprise-software-140000890.html|title=FundersClub Backs Enterprise Software|publisher=Yahoo Finance}}
Two years later, in February 2015, inDinero closed its largest funding round, a Series B round worth $7 million.{{cite web|url=https://techcrunch.com/2015/02/18/indinero-pivot-funding/|title=After Relaunching As A Full-Service Accounting Startup, inDinero Raises Another $7M|publisher=TechCrunch}}{{Cite web |last=Portillo |first=Caroline McMillan |date=2015-06-30 |title=When her VC-backed startup got down to its last $150K, she made a drastic change |url=https://www.bizjournals.com/bizwomen/news/profiles-strategies/2015/06/when-her-vc-backed-startup-got-down-to-its-last.html?page=all |access-date=2023-01-26 |website=www.bizjournals.com}} Similar competitors include Bench, Botkeeper, and BooksTime.{{cite web|url=https://www.alexanderdaniels.co.uk/indinero-competitors-and-indinero-alternatives/|title=inDinero Competitors|publisher=Alexander Daniels}}
In March 2015, the company opened an office in Portland, Oregon.{{Cite web |last=Rogoway |first=Mike Rogoway |date=2015-03-27 |title=SF startup will make Portland 'primary office,' hire 50 |url=https://www.oregonlive.com/silicon-forest/2015/03/indinero_san_francisco_startup.html |access-date=2023-01-26 |website=The Oregonian |language=en}}{{Cite web |last=Rogoway |first=Mike |date=2016-04-15 |title=Accounting startup InDinero: Portland office to double |url=https://www.oregonlive.com/silicon-forest/2016/04/indinero_accounting_startup_ex.html |access-date=2023-01-26 |website=The Oregonian |language=en}}
= Software =
inDinero's software combines accounting, tax filing and payroll management for small businesses with up to 100 employees.{{Cite web |last=Kim |first=Eugene |title=This 24-Year-Old High School Dropout Is Tackling A Problem Every Startup Hates To Deal With |url=https://www.businessinsider.com/indinero-jessica-mah-2014-11 |access-date=2023-01-22 |website=Business Insider |language=en-US}}{{Cite web |last=Rogoway |first=Mike |date=2015-03-27 |title=SF startup will make Portland 'primary office,' hire 50 |url=https://www.oregonlive.com/silicon-forest/2015/03/indinero_san_francisco_startup.html |access-date=2023-01-22 |website=The Oregonian |language=en}}{{Cite web |last=Ha |first=Anthony |date=2015-02-18 |title=After Relaunching As A Full-Service Accounting Startup, inDinero Raises Another $7M |url=https://techcrunch.com/2015/02/18/indinero-pivot-funding/ |access-date=2023-01-22 |website=TechCrunch |language=en-US}} In addition, accountants and tax specialists manually review customers' financial statements.{{Cite web |last=Kim |first=Eugene |date=2014-11-27 |title=This 24-Year-Old High School Dropout Is Tackling A Problem Every Startup Hates To Deal With |url=https://www.businessinsider.com/indinero-jessica-mah-2014-11 |access-date=2023-01-22 |website=Business Insider |language=en-US}}
References
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