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To help improve the financial health of startups.
Founding a startup is no mean feat, with huge financial and business operations to oversee. Fondo founder David J Phillips has experienced this firsthand, and his newest venture Fondo aims to ease the burden for other startups.
Its essentially an accounting service for startups - send Fondo your documents and they’ll look after everything else, from standard federal and state corporate income tax to 5471, 5472 and FBAR forms for startups with a Delaware C Corp Parent and Foreign Subsidiary. Where it stands out is in its offer of claiming tax credits for startups in the form of cash back from the IRS. Of its 300+ customers, the average cash is roughly $21,000.
It operates within a busy market, but its specific focus on startups and promise of cashflow back into the company marks Fondo out from the crowd in its own niche area.
Steph
Company Specialist at Welcome to the Jungle
Nov 2024
$4.6m
SEED
Feb 2023
$1.2m
SEED
This company has top investors
David J Phillips
(CEO)Previously founded UniverCity Tutors, safeXai, HackBright Academy and BloomJoy. They also worked as a Public Accountant & Auditor at Deloitte, and as an Accountant at Imerys.