Fondo

Bookkeeping and tax for Delaware C-corp startups, trusted by 2,000+ startups

Overview

Fondo, operated by BloomJoy, Inc., sells bookkeeping, corporate tax and tax credit services to Delaware C-corporation startups from pre-seed to Series B, both venture-backed and bootstrapped, with US and international founders[12]. It says more than 2,000 startups use it and links to a Y Combinator company page[12].

Its distinguishing feature is cadence-based pricing. Startups can choose a monthly close at US$399 a month (shown as a limited-time price, down from US$499), a quarterly close from US$1,198 a quarter, or a single annual close from US$950 a year; all plans can be paused or cancelled at any time[12]. Each plan includes a dedicated accountant, a finance dashboard, a runway report, and a profit and loss statement, balance sheet and cash flow statement for the chosen period; the monthly plan adds a dedicated Slack channel[12]. Catch-up bookkeeping starts at US$950.

Fondo’s TaxPass covers the federal Form 1120, one state corporate return, the Delaware franchise tax and one foreign shareholder filing for US$1,450 a year (a limited-time price, down from US$1,950)[12]. It also runs R&D tax credit studies. Its narrow focus is the main limitation: LLCs, S-corporations and non-Delaware entities are outside the market it describes.

Fondo features

  • Monthly, quarterly or annual close options
  • Dedicated accountant on every plan
  • Runway report and cash flow statement
  • Delaware franchise tax filing in TaxPass
  • R&D tax credit study
  • Pause or cancel at any time
  • Monthly, quarterly or annual bookkeeping
  • Runway report

Fondo pricing

  • Monthly: US$399/month (limited-time; list US$499).
  • Quarterly: from US$1,198/quarter.
  • Annual: from US$950/year.
  • Catch-up bookkeeping from US$950.
  • TaxPass: US$1,450/year (limited-time; list US$1,950); add-on filings from US$500.

Fondo strengths and limitations

Strengths

  • Low-cost annual and quarterly options for pre-revenue companies
  • Full three-statement package on every plan
  • Slack channel on monthly plan
  • Cancel or pause at any time
  • Very low annual option for pre-seed
  • Cancel anytime

Limitations

  • Only Delaware C-corporations are targeted
  • Headline prices are marked as limited-time offers
  • Infrequent closes give less visibility
  • Founding date and funding not published on its site
  • Prices are 'as low as' figures
  • Limited to Delaware C-corps

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