Fondo
Fondo, formerly known as BloomJoy, is a B2B finance and accounting firm based in San Francisco, specializing in services for startups including bookkeeping, tax filings, and claiming tax credits.
Company Background
Fondo, formerly known as BloomJoy, is a finance and accounting B2B company based in San Francisco, CA. Founded to cater specifically to startups, Fondo operates partly remote and serves regions across the United States and North America. With a team of 53, Fondo has garnered attention from major publications such as Axios, Fortune, Bloomberg, and Business Insider for its range of services and impact on startups.
Services
Fondo offers a variety of financial services tailored for startups. Their services include Federal Tax Extension filing for $1, bookkeeping with options for closing books and generating financials monthly, quarterly, or annually, and helping startups claim up to $500,000 annually in various tax credits such as the R&D Tax Credit and the ERTC. Fondo also supports filing Delaware Franchise Tax, as well as Federal & State Corporate Income Taxes. Their Global TaxPass service assists with filing US Corporate Taxes using Form 5471, Form 5472, and FBAR.
Tax Filing and Credits
Fondo enables startups to manage their tax responsibilities efficiently. They support filing for Delaware Franchise Tax, Federal & State Corporate Income Taxes, as well as helping startups secure significant tax credits including the R&D Tax Credit and ERTC, potentially reclaiming up to $500,000 annually. The company also offers a $1 Federal Tax Extension filing service, making essential tax management affordable and straightforward. Their Global TaxPass service further aids U.S. companies in fulfilling their corporate tax obligations globally.
Financial Partnerships
To provide comprehensive financial solutions, Fondo partners with notable financial tools like Brex, Mercury, and QuickBooks Online (QBO). These collaborations enable Fondo to offer integrated services that streamline financial management for startups. Through these partnerships, Fondo enhances its ability to deliver thorough and professional financial services, ensuring that startups have the support they need to manage their finances effectively.
Y-Combinator Involvement
Fondo is a proud participant in the Y-Combinator Winter 2018 (W18) batch. This association with one of the most prestigious startup accelerators has bolstered its credibility and provided significant growth opportunities. The Y-Combinator backing highlights Fondo's potential and commitment to delivering valuable financial and accounting services to startups.