Fondo wants to mitigate the US’ accountant shortage with its AI bookkeeping service

Quick Summary:

Despite all the talk of doom and gloom about the economy, entrepreneurship is actually on the rise in the U.S.: In 2024, an average of 430,000 new business applications were submitted every month, marking a 50% rise from 2019.

A host of companies including Pilot, Digits, Finally and Bench provide accounting services to small and medium-sized businesses.

Phillips founded Fondo in 2020 after selling his coding school startup, Hackbright, to Capella University in 2016.

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Article Details

Author / Journalist: Kate Park

Category: StartupsBusiness

Markets: United States

Topics: Digital bookkeeping Artificial intelligence Fondo Startups Accounting software AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 19:59:00 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 550 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23770891

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News Last Updated: 19 hours ago

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