60mo is a technology company.
60mo is a technology company.
60mo has raised $1.0M across 1 funding round.
60mo has raised $1.0M in total across 1 funding round.
60mo is a software company specializing in IT services, custom software, and financial management tools for businesses. It developed a web-based platform that imports data from accounting software like QuickBooks and FreshBooks to generate financial projections, profit/loss statements, HR data, cap tables, and reports, priced at $19/month for unlimited users.[1][2] Targeted at small businesses and enterprises, it simplifies financial forecasting and sharing with stakeholders like accountants and shareholders, akin to Mint.com for business finances.[2]
The company, based in Wooster, Ohio, reports $3 million in revenue and has evolved into broader business services, including bookkeeping, tax preparation, and advisory for startups and other sectors.[1][6] It was acquired by FreeAgent in 2012 with investment from Lightbank, shifting from a standalone startup to part of a larger financial software ecosystem.[4]
Founded around 2010, 60mo launched at TechCrunch Disrupt's Startup Alley, positioning itself as a disruptor in financial planning software.[2] The idea emerged to address the complexity of forward-looking financial tools for businesses of all sizes, starting with seamless integrations to banks (e.g., Bank of America, Chase) and accounting apps.[2] Early traction came from its "dead simple" interface that auto-generates optimal account structures based on user inputs like industry, staff, and location.[2]
Key details on founders are not specified in available sources, but the company quickly gained visibility through TechCrunch coverage.[2][4] A pivotal moment was its 2012 acquisition by FreeAgent, which included investment from Lightbank, marking the end of its independent startup phase and integration into FreeAgent's offerings.[4] Post-acquisition, it expanded via acquiring Spinnaker, broadening into custom software and IT consulting.[3]
60mo rode the early 2010s wave of cloud-based financial automation, coinciding with the rise of SMB tools like Mint.com and Indinero, amid growing demand for accessible forecasting post-recession.[2] Timing was ideal as businesses sought affordable alternatives to complex enterprise software, fueled by integrations with popular accounting platforms.[2][4]
It influenced the ecosystem by pioneering "Minty" dashboards for business finance, paving the way for shared-access models now standard in tools like QuickBooks Online.[2] Market forces like digital banking adoption and startup booms favored its growth, leading to acquisition by FreeAgent, which amplified its reach in the UK/US fintech space.[4] Today, its legacy persists in Wooster, Ohio's tech scene via custom software services.[1]
Post-2012 acquisition, 60mo operates as a mature player with $3M revenue, likely embedded in FreeAgent's portfolio for ongoing financial services.[1][4] Next steps may involve leveraging its tech stack (e.g., C#, Cloudflare) for AI-enhanced forecasting or deeper SMB advisory amid rising automation trends.[5][6]
Shifts toward real-time analytics and embedded finance will shape its path, potentially expanding bookkeeping/tax tools for startups.[6] Its influence could grow through FreeAgent integrations, solidifying a niche in accessible business finance—echoing its original promise of simplicity for all scales.[2]
60mo has raised $1.0M in total across 1 funding round.
60mo's investors include Lightbank.
60mo has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Series A in January 2011.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2011 | $1.0M Series A | Lightbank |