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60mo is a Wooster, Ohio-based software company that develops cloud-based financial forecasting, budgeting, and reporting tools designed specifically for small businesses, independent workers, and freelance professionals. The platform functions as a business-oriented personal finance application, allowing users to seamlessly import and analyze financial data directly from accounting software and major financial institutions such as QuickBooks, Bank of America, and Chase. Prior to its strategic acquisition, the business-to-business software provider successfully raised $1.2 million in total venture funding across two investment rounds and generated an estimated $3 million in annual revenue. Backed by lead investor Lightbank, the enterprise was acquired by United Kingdom-based accounting software firm FreeAgent in May 2012, with the core team joining the acquirer to establish a new United States division. 60mo was originally founded in 2009 by entrepreneur Ed Buchholz.
60mo has raised $1.0M across 1 funding round.
60mo has raised $1.0M in total across 1 funding round.
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 | Status |
|---|---|---|---|---|
| Jan 1, 2011 | $1M Series A | — | Lightbank | Announced |
60mo has raised $1.0M in total across 1 funding round.
60mo's investors include Lightbank.
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]
