Self-employment is becoming increasingly popular, with millions worldwide choosing to start their own business. As a self-employed business owner, you wear many hats. You are responsible for various aspects of your business, from managing finances and finding customers to creating processes and paying taxes. Fortunately, many resources exist to help ease the burden on self-employed entrepreneurs. For example, WhatFound is a company that offers an array of services and products tailored specifically for self-employed professionals.
In this guide, we’ll provide an overview of WhatFound’s offerings for self-employed individuals, focusing on their:
- Accounts management system
- Digital invoicing services
- Tax filing services
- Third party integrations
We’ll also look at customer feedback to help you determine if WhatFound is right for you. Read on to learn more about this useful service!
What is Found?
Found is an online banking platform that provides financial services for self-employed business owners. Recently, Found has raised $60 million in funding to expand their offerings and make their services available to more people. Found has been designed to make it easier for self-employed business owners to maintain their financial accounts and manage their money.
Let’s take a closer look at what Found offers:
Found’s Mission
Found is a professional services platform that helps self-employed business owners navigate the complexities of starting, managing, and growing their businesses. Found’s mission is to empower a new generation of entrepreneurs to confidently start and manage their businesses – building the success of their dreams today and for future generations.
As the premier financial and business services platform for independent contractors, Found removes the guesswork, simplifies complex processes, and helps self-employed business owners easily make decisions. We handle everything from incorporation to taxes so that you can stay focused on delivering your best work. In addition, by giving our customers full insight into their finances, they have greater access to payroll funding and invoice financing capabilities to manage growth without taking on debt or giving up equity in their business.
Found provides its users with time-saving tools to make running a business easier. We guide our customers through building a robust financial foundation while ensuring they stay compliant with federal and state regulations.
Our platform offers:
- Automated payment notifications and tax filing reminders.
- Integrated invoicing tools that let customers customise invoices with logos and other branding elements.
- Expense tracking functionalities that let you easily categorise spending for tax deductions purposes.
- Additional insights about improving cash flow management for better budgeting.
All these tools are brought together in one intuitive user interface accessible from any device at any time – meaning you no longer need to juggle multiple accounts or worry about paperwork cluttering your office.
Found’s Features
Found is a modern business platform that allows self-employed business owners to manage all aspects of their businesses. It includes features to help entrepreneurs keep track of their finances, do online banking, receive payments, access affordable health insurance and other benefits, and more.
Found’s main features include:
- Easy online banking and payment processing: With Found’s platform users can easily connect their bank accounts, accept payments through all major credit cards, ACH transfers and other payment methods.
- Secure financial tracking: The platform offers real-time data tracking for income, expenses, taxes and more. This feature helps users understand the financial health of their businesses so they can make informed decisions about spending money.
- Affordable health insurance: Found offers monthly health insurance plans for self-employed entrepreneurs. These plans provide coverage for essentials such as hospitalisation and illness and long-term care insurance options.
- Mobile app: Users can easily manage their finances anytime with Found’s mobile app which is available on iOS and Android devices. The app provides access to all aspects of the platform including payments, expenses tracking and account history.
- Business advice articles: To help entrepreneurs grow their businesses successfully and navigate common challenges like taxes or business partnerships; Found offers informative content to guide and support each user to maximise the value of their time on the platform.
Found’s Benefits for Self-Employed Business Owners
Found has been making waves after announcing its $60 million Series A raise to focus on financial solutions for self-employed business owners. Found is especially valuable for those struggling to obtain services from traditional banks due to a lack of financial history or creditworthiness.
So what are the benefits that Found offers to self-employed business owners? Let’s take a look:
Affordable Banking Fees
Finding a bank that charges affordable fees is critical for self-employed business owners. Fortunately, Found offers banking plans specifically tailored to the needs of entrepreneurs and small businesses. With Found, you’ll save on banking fees while enjoying other benefits such as mobile deposits and virtual payment options.
At Found, you’ll enjoy a no-fee checking account that allows you to make free online transfers and deposits, plus free foreign currency conversions when travelling overseas on business. You’ll also have access to an optional debit card with added security measures for online purchases and a 1% cash back rewards bonus for select items purchased with your card.
Found’s low fee structure extends beyond just banking to cover other important areas of your business. For example, its payroll system makes it easy to pay workers without hassles like tax filing deadlines or cumbersome paperwork. In contrast, its taxes feature helps you easily manage your corporate bookkeeping needs at a fraction of the cost of other providers.
Finally, Found provides comprehensive customer service support through its intuitive app and customer service team available by phone or email to assist you in any issues that may arise during your experience as a bank customer.
Easy Access to Capital
Self-employed business owners face challenges when accessing the capital they need to grow their business. Traditional lenders often require complicated and lengthy applications, multiple financial requirements and large amounts of collateral. For those who run small businesses or are just starting, that can be impossible to come by.
Found has broken down this barrier by offering an easy access loan product specifically designed with the self-employed in mind. With Found’s low, fixed rates and quick approval process, business owners can quickly get the capital they need without long waiting periods, tedious paperwork or piles of collateral requirements. Found’s easy access loan can help expand and grow your self-employed business in record time so you can get back to doing what you love.
Automated Bookkeeping
Automated bookkeeping has become an increasingly popular and efficient way for self-employed business owners to track their finances. Found provides this service so you don’t have to manually track your financials.
The integrated software lets you keep track of everything from revenue and expenses to invoicing and tax compliance. You can also sync with other software such as QuickBooks, Quicken and Xero to quickly get your books up-to-date and ready for tax filing.
Found also offers a suite of automated analytics tools that allow you to make smarter decisions about your business’s finances. With access to more insights, you can better manage your budget and plan for the future growth of your company.
Found Raises $60 Million for Self-Employed Business Banking
It recently secured $60 million in its latest funding round to support self-employed business owners. With this new funding round, Found will be able to offer its customers more financial tools and services to help them succeed. This increased funding will also enable Found to grow its services and expand its reach.
Let’s take a closer look at how Found’s recent funding will help self-employed business owners:
Who Participated in The Round
Found’s recent funding round was led by Index Ventures, with additional investment coming from LocalGlobe. Along with these two venture capital firms, more than 500 angel investors supported Found’s mission of helping self-employed business owners and independent contractors better understand their financial health and manage their finances as they grow.
Found provides small business owners access to a financial dashboard, where they can connect their online accounts to track income, expenses and cash flow in one place. Real-time insight into their finances helps self-employed individuals make short-term operational and long-term strategic decisions that could immediately impact their financial health.
The participation of Index Ventures and LocalGlobe, as well as other investors in the round, will drive further expansion of Found’s platform and accelerate its development in new markets worldwide. This financing round also strengthens Found’s presence on the European continent, allowing it to better serve self-employed individuals across multiple countries. With this financing and funding support from leading venture capital firms, startups and angel investors alike will benefit from Found’s ability to provide support for growth opportunities that can save time and increase profits for self-employed people everywhere.
How the Funds Will be Used
Found recently concluded its most recent funding round to raise funds to continue providing high-quality financial products and services to its growing community of self-employed business owners worldwide. These funds will strengthen the technology, operations and compliance infrastructure necessary to help entrepreneurs organise their financial life, save money and grow their businesses.
Found will use the new funds to improve our digital product offering with features such as:
- An automated bookkeeping solution
- Cash flow guidance
- Integrated tax filing
- Tax planning guidance
- Intuitive credit monitoring and dispute resolution services
- Better forecasting insights across both earnings and expenses
- Improved assistance from our dedicated customer success agents, amongst other products and services.
These new products will be integrated into Found’s existing suite of financial tools, empowering entrepreneurs with a comprehensive suite of personal finance solutions for managing taxes, spending, saving, investing & debt repayment in one place.
Alongside these new features, Found’s latest round of funding will also make significant investments into its global customer support infrastructure including a large scaling up in headcount across different international markets.
Conclusion
In conclusion, What Found offers self-employed business owners the cost savings and convenience of a unified suite of services and solutions designed to optimise business processes, save money, and streamline operational tasks. With What Found’s automated tools and instant access to vital documents, self-employed business owners can start their businesses faster and work more efficiently—saving time and money in the long run.
The platform is easy to use and offers an extensive knowledge base that answers common issues self-employed businessmen encounter. From loan origination software to payment processing solutions, What Found provides valuable services for every step of any entrepreneurial journey.
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