Thrilled to announce that Found has completed a $50M Series C investment round.
@Sequoia
, who previously led our Series A, is leading this round w/ participation from existing investors
@LightspeedVP
and
@FoundersFund
and new investor
@KhoslaVentures
.
We’re incredibly excited to announce that Found has raised $60M in equity financing led by
@foundersfund
with participation from new investors,
@lightspeedvp
, and our existing investor,
@sequoia
. Read more at . ✅
We’re excited to announce that we’ve raised a Series A of $12.75M led by Sequoia Capital. As we embark on this next chapter, we remain committed to helping self-employed people thrive, starting with business banking, expense tracking & saving for taxes.
Does being self-employed come with a cost? What are the most pressing issues facing self-employed people today? What trends are on the horizon for the self-employed workforce? All that and more in
@LaurenMyrick
’s recent Q&A with
@Forbes
:
New month, new features. 💫 From deposit allocations to bulk transaction editing to activity import from CashApp and Quickbooks, Found makes saving, budgeting, and bookkeeping easier. Here are the newest features waiting for you in your Found account. ⬇️
Big news! We’re honored to make our debut on the
@Forbes
#Fintech50
list this year. We’re on a mission to make self-employment easier, and we’re excited about what’s ahead.
Compared with other fintech segments, business to business banking had a pretty good 2023–thanks in part to the failure of a conventional bank. When Silicon Valley Bank’s collapsed in March 2023, some fintechs saw a deluge of new business.
#Fintech50
Congratulations to Found board members
@Alfred_Lin
and
@rabois
for making the 2022 Forbes Midas List as numbers
#7
and
#8
. 🎉
We couldn’t be more excited to have two of the World’s Best Investors advising us as we create the future of banking for the self-employed.
24 hours and $560. That’s how much time & money self-employed people spend just doing their taxes. But Found—alongside our partner
@ColumnTax
—is here to help. More from our co-founder
@LaurenMyrick
on how we’re simplifying self-employment finances to help small businesses thrive.
Learn how to maximize your earnings from your side hustle during tax season, from an expert who raised $75.2 million to simplify the filing process. Lauren Myrick founded Found to address the common challenges encountered by small business owners.
Found was voted "Best App for Solo Entrepreneurs" by
@Thimble
, and we couldn't be prouder.
There are 60 million self-employed Americans in our country—we believe in those businesses, and work hard to be the banking, accounting, tax, and business management tool they deserve.
Dinosaurs, talking on the phone, bookkeepers, they’re all relics of the past. 🦕Small business owners can now use accounting apps to keep everything together come tax season. Here are the ones small business owners like you stand by:
You can now edit your invoices to reflect your business branding.
📸 Add your business logo to make invoices instantly recognizable.
🎨 Match your business branding to your invoice accent color.
📞 Include information such as a contact number, website, and more.
Why do you need to have clean business records? Consistent record keeping helps you save on your tax bill. Technically, no business owner is required to track and deduct their business expenses - unless you’d like to save money on taxes by deducting your expenses. Which you do!
You’ve seen the headlines about the new $600 reporting threshold for apps like Venmo, CashApp, and PayPal. But now that tax season is on the horizon, what does it actually mean for self-employed people? Here’s a breakdown:
Exciting news! We’ve officially been named one of the Top 10 fastest-growing digital financial services companies in the US by
@SimilarWeb
.
#digital100
#D100
Digital 100 is here!
It’s the official ranking of the 100 fastest-growing online companies, across 10 key industries – powered by Similarweb Digital Data.
And the full list of winners is available right here:
#digital100
#D100
We believe everyone does their best work when they feel healthy, happy, and supported—which is why our eng team was counting down the days until their offsite in San Francisco earlier this month. Want to join the fun next time? Check out our open roles:
Getting paid is getting easier with our new secure W-9 sharing. Now you can view, edit, and share your W-9 right from the Found app. No more worrying about your personal information or who can see it. Secure, fast, and simple—check it out in the Found app!
In 1997, the arcade game "Snake" was released as the first-ever app, built into the software of a classic Nokia brick. Today, there are over 3 million apps available for download across iOS and Android, and we're stoked to be one of them.
#TechnologyDay
. 📲
We’ve got a new logo—one that’s inspired by entrepreneurship, an independent spirit, and enduring growth. (Not to mention our love of cacti.) 🌵 It’s the same Found you know, now with an updated logo!
We can help you rest easy this tax season. Join our free webinar on 2/28 with
@littlefishacctg
covering the ins and outs of self-employed taxes. Keila, a CPA and small business owner, will talk through how to prepare for tax season. Register today:
If you run a small business or side hustle and use your personal car for work, listen up: The IRS increased the standard mileage rate to 65.5 cents for every business-related mile driven in 2023. More details on this change (and others) here:
More on home offices: Spare bedrooms, an office setup in your living room, basements—all of these qualify as “home offices” for the home office deduction. The space doesn’t have to be “marked off by a permanent partition” (i.e. have four walls around it) in order to count.
Self-employment can feel lonely—especially when you’re getting started—so we asked Found customers to share their best advice. Here are three things we heard over and over again:
Alright alright, alright...since you’re asking, here’s just a few traits from our extensive list of our best qualities 💅
⚡️No monthly fees, no account opening fees, no hidden fees
⚡️No minimum balance required
⚡️Open an account in under 5 minutes (1/6)
From banking and bookkeeping to invoicing and taxes, Found simplifies self-employment while saving you time and money. Spend less time in spreadsheets and more time doing what you love. Let Found take care of the rest.
Virtual cards for flexible, organized spending 💳 Streamline purchasing with virtual debit cards. Create and share in seconds to enable others to spend. Easy tracking, limits, and card locking keep you in control. Sign up for free:
We believe everyone does their best work when they feel healthy, happy, and supported. (The Santa Cruz sunshine helps, too!) We had a blast at our fourth annual company offsite last week. Want to join the fun? Check out our open roles:
Want to support local businesses that aren’t retailers this
#SmallBusinessSaturday
? Found customer Garrett Henderson says it’s as simple as looking for local services to help with items on your holiday to-do list, such as junk hauling or household repairs.
Our team is back from the International Beauty Show in Las Vegas, and we hit the jackpot with customers like Cuyler Engram! Cuyler shared how Found has streamlined his business operations since launching LOFT 22 Salon in 2019 with 150+ salon owners.
💫 Automatic Tax Withholding💫 Found has intelligent tax withholding so you never have to worry that you have saved enough for taxes. Each time you receive income, you have the option to automatically set aside some of that money in your dedicated savings account.
We couldn’t be more grateful for your support these past 2.5 years. Looking forward to building the next chapter alongside you,
@ataussig
and
@lightspeedvp
!
Ditch the expensive invoicing software and messy templates. With Found's new online invoice generator, you can create and send unlimited invoices for free. No sign-up required:
Found is a business bank account for the self-employed. Follow us here to get tax tips, hear about new business opportunities (like those PPPP loans!) & to learn more about all the business expenses you can write off. And if you haven’t yet, sign up here:
To honor the first day of
#BlackHistoryMonth
, we sat down with San Diego-based Found member, business owner, and Personal Trainer Brandon Cheeks to talk about this year’s theme; Black Health and Wellness. Read the full Q&A here:
Invoicing is now on Found. Send and track invoices and get paid directly into your Found account. We make it easy for you to keep track of your paid and unpaid invoices and bill anyone in your contacts. 💫
This Saturday is
#NationalBossDay
, and we at Found will be taking the day to celebrate you—our Found members. We couldn’t feel prouder to be a part of your journey, and all the new journeys to come. 🎉
Self-employed workers vs. employees in traditional jobs
⭐️Enjoy their day-to-day work more. (70% vs. 67%)
⭐️Are more satisfied with their hours & location. (70% vs. 64%)
⭐️Appreciate having the power to change things about their career. (60% vs. 44%)
Make this your easiest tax year yet—with a little help from Found and our friends in the tax business. Sign up for Found today, and you can save up to $50 when you file your self-employed taxes through TurboTax or H&R Block this year.
Introducing: New payments features that make managing contractors easier! Whether you have one contractor or fifty, Found simplifies the work of managing them. Check out these 3 new features we just launched:
New from
@stokessamanthaj
and me: From PayPal to Facebook, Silicon Valley has long been obsessed with the idea of company "mafias." Now, with nearly $40Bn in startup value created from ex-Square staffers, it seems like there's a new mafia in town.
Introducing comments on transactions! Now you and your accountant can chat about transactions right where they happen. Skip the emails, meetings, statements, and bulky spreadsheets and collaborate in your Found account.
What do pockets, savings goals, contractor management tools, accountant access, and a Business Toolkit all have in common? These highly-requested updates are now available in your Found account.
From “quiet quitting” to the Great Resignation, employment trend buzzwords have shown up in headlines and social media feeds over the years. Now there’s a new one you may not have heard about yet: Quiet Hiring. How can self-employed workers benefit:
@afrosypaella
We couldn't have said it better ourselves
@afrosypaella
—we're so glad you're enjoying Found! You can learn even more about what Found can do for your business taxes, as well as bookkeeping, invoicing, and more by heading to .
Billing regular and returning clients on Found just got way easier with scheduled and recurring invoices. Here's what's new:
📆 Send invoices instantly or plan in advance.
📃 Automate with weekly or monthly invoices.
📲 Ensure invoices are received on time, every time.
Oh, just a cool $50 billion increase from 2021-2022. Nice work, freelancers and self-employed folks…here’s to even more in 2023! 👏 Source: Freelance Forward Report 2022 from
@Upwork
Here to clear up some home office deduction confusion cause it’s pretty confusing:
"Home” can apply to houses, apartments, condos, mobile homes, houseboats. As long as the location in question provides “basic living accommodations,” it counts. 🎪🛸🏰⛵️
Don’t break any mirrors, walk under any ladders, or cross the paths of any black cats—word on the street is it’s bad for business. Happy
#FridayThe13th
. 💀
According to the Independent Economy Council, 74% of freelancers aren’t paid on time for their services. Invoicing can be time-consuming, but it’s vital to running a self-employed business. Here are 6 tips for getting paid:
Self-employed people have to manage their own healthcare instead of relying on an employer to do it. We walk you through when and how to apply, how to save money on your plan, and how to use your health insurance to save money on taxes →
#HappyHalloween
to all the self-employed ghouls and goblins of Found. If you know any mad scientists or wayward witches in need of a killer business finance management tool, you know where to send them. 🎃👻
We’re thankful for personalized invoices, automated taxes, and pumpkin pie. From us at Found to you at home, we wish you a safe and happy
#Thanksgiving
. 🦃🍁
Reporting that’s ready when you are. 📈 With just a few taps, you can dive into auto-generated income, expense, and profit and loss reports to better understand your business. Sign up for free:
Stressed about ending the year right? To save you time, we made the list and checked it twice for you. 📋 Here are 10 ways to close out the year strong:
On the fence about outsourcing your bookkeeping or accounting? Our newest guide walks you through when to outsource, how to find the right CPA for your business, and common mistakes to avoid. Read more:
Does filling out your Schedule C form leave you scratching your head? 🤔 This form is one of the most important parts of filing your self-employed taxes each year. Don’t fall for these common myths:
Self-employed and working from home? You might qualify for the home office tax deduction! Remember: Home offices come in all shapes and sizes, and you might not even need four walls to qualify. Get the scoop:
Signed, sealed, deposited. You can now use your app to deposit checks and cash into your Found account! You work hard for your money. Now, it’s easier than ever to get it.
There’s a big difference between a job and a job you love. Just ask Found customer Sadie Hoyt, who’s been giving piano lessons to students of all ages for nearly two decades. Learn how she adapted her business model to be more scalable in the long term:
Better bookkeeping in a fraction of the time. ⏰ Found’s automatic expense tracking and categorization make it easier than ever to keep tabs on all your spending and income. Sign up for free:
The only thing better than one Found card? 💳 Multiple Found cards! Now you can create and share virtual cards to securely give others spending power, or to organize your own spending.
Using your vehicle for your self-employed work? Buckle up for this news: You might be leaving unclaimed deductions on the table at tax time. Find the best method for tracking your business mileage:
Still need health insurance for 2024? Open Enrollment ends on 12/15 for coverage starting 1/1. Our newest partner in the Business Toolkit makes it easier than ever to get coverage. With
@eHealth
, you can compare providers & plans to find the right fit. After all, health is wealth
There’s a big difference between a job, and a business you love. We’re building Found so everyone has the support, structure, and confidence to work for themselves.
#MondayMotivation
It’s the time of year when you might be wishing you tracked last year’s expenses more carefully. We've got a guide on how to go back through your 2020 records and find the documentation that you need in order to take all of your hard-earned deductions →
What is small business insurance? Do you need it if you’re self-employed? How much does it cost? How do you find the best policy without breaking the bank? If your head is spinning, we answered those questions and more in our new guide:
Did you know AI tools like ChatGPT can support your small business? From brainstorming and research to content creation or coding, adding these tools to your freelancer workflow can buy you some time back. Here are some sample prompts to get started:
Self-employed and using your vehicle for business expenses? You might be missing out on big tax savings. Tracking business mileage reduces your taxable income, but it requires record-keeping. Here are 3 ways to track your mileage:
Introducing our brand new card color options: Periwinkle, Celadon, and Moss. ✨
In addition, you can now add your business name alongside your personal name on your Found business debit card, customizable from the Found app. 💳
On
#NationalEntrepreneursDay
, we celebrate the thousands of Found members who are paving their way toward a career path that fits the life they want to live—here’s to choosing your own adventure. 🥂
Filling in your 2020 records may have been that kick in the pants 😅 to re-evaluate your bookkeeping system for the rest of 2021. Found tracks your expense info automatically. Just use your Found Card, double-check the categorization & add a receipt photo if we ask you for one.