Fondo

Fondo is an accounting, tax and tax credit service for startups that combines software automation with a CPA team. It closes the books on a monthly, quarterly or annual cadence and delivers a profit and loss statement, balance sheet, cash flow statement and runway report; files Delaware franchise tax and federal and state corporate income tax; and identifies and claims R&D tax credits, which it says can be worth up to $500,000 a year in cash. Onboarding is described as taking under 15 minutes, and deadlines and bookkeeping then run on autopilot. It is aimed at early stage and scaling technology companies whose founders want finance off their plate. Each customer gets a dedicated accountant and a Slack channel to the CPA team, a finance dashboard, and integrations with banking, payroll and accounting tools. The AI component handles transaction categorization and pattern recognition, with accountants reviewing the output, and the firm handles complex structures such as foreign shareholders and subsidiaries. Pricing is published. Bookkeeping costs $399 per month, shown against a regular price of $499, or $1,198 per quarter or $950 per year for less frequent closes, with catch up bookkeeping from $950. TaxPass costs $1,450 per year, shown against a regular $1,950, and covers Form 1120, one state return, Delaware franchise tax and one foreign shareholder filing. Add ons such as multi state filings, foreign subsidiary forms, foreign bank account reporting and R&D credit studies start at $500 each. Fondo is a Y Combinator company.