Company Research Report: Found

Company Overview

• Name: Found

• Mission: Found's mission is to support the self-employed by providing them with the support, structure, and confidence to manage their businesses effectively.

• Founded by: Found was co-founded by Lauren Myrick and Connor Dunn.

• Headquarters: No specific headquarters mentioned.

• Key People:

• Lauren Myrick, Cofounder

• Connor Dunn, Cofounder

• Nick Adler, COO

• Aabhas Sharma, CTO

• Natalie Hallerby, Chief Compliance Officer

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Found is known for providing financial technology solutions to freelancers, contractors, and self-employed individuals. It offers banking services, bookkeeping, tax features, invoicing, and payment management.

Products

• General Overview: Found offers a comprehensive suite of financial management tools tailored for the self-employed, which includes banking, bookkeeping, tax preparation, and invoicing.

• Key Products and Features:

• Online Business Banking: Allows users to manage their finances anytime, anywhere without any hidden fees. Includes features such as easy transfer and deposits, FDIC insurance through Piermont Bank, and seamless integration with payment apps like Venmo and PayPal.

• Built-in Bookkeeping and Invoicing: Automated expense tracking, receipt capture, and invoicing that make managing finances easy and efficient.

• Tax Calculation and Management: Helps users automatically categorize expenses and identifies relevant tax deductions to save money.

• Budget and Save with Pockets: Users can create custom pockets to separate and earmark money for different needs, such as payroll and emergencies.

• Found Plus: Additional features to enhance the user experience, though specifics are not provided.

Recent Developments

• New Products Launched:

• Up to 20 Virtual Cards: Allows users to create virtual debit cards for streamlined purchases.

• New Partnerships:

• Care.com Partnership (May 15, 2024): Provides caregivers with a seamless solution for managing their earnings.

• Revenued Partnership (February 09, 2024): Aimed at addressing challenges in accessing capital for small businesses.

• Recent Funding:

• Series C Investment Round (June 10, 2024): Completed a $50 million Series C investment round.

• Series B Investment Round (February 17, 2022): Raised $60 million in equity financing.

• Other Developments:

• Found was included in the Forbes Fintech 50 list for innovative companies in 2024.

• Lauren Myrick was featured as one of the CEOs making their debut on the Forbes Fintech 50 list.

• New Features or Enhancements:

• Enhanced integration with third-party payment platforms and applications, though specific features were not detailed.

The information provided focuses only on the details that were available in the data provided. Missing information has been noted as "No information is available."