Xendoo is a technology company.
Xendoo has raised $4.0M across 1 funding round.
Xendoo has raised $4.0M in total across 1 funding round.
Xendoo has raised $4.0M in total across 1 funding round.
Xendoo's investors include DeepWork Capital.
Xendoo is a technology-enabled accounting platform providing bookkeeping, tax preparation, and financial services for small businesses. It serves growth-minded owners in sectors like eCommerce, franchises, professional services, and general SMBs, solving pain points of traditional accounting such as inefficiency, inaccuracy, and lack of real-time visibility by combining proprietary tech with dedicated expert teams.[1][2][5] Clients gain 24/7 access to accurate financials via a personalized portal, weekly reconciliations, monthly reports, and integrations with tools like Xero, QuickBooks Online, Gusto, and Snowflake, enabling data-driven decisions and scaling with confidence—reclaiming time for core operations.[1][3][4]
The platform's tech boosts accountant efficiency up to 5x over traditional firms, delivering transparent pricing, personalized support (via dashboard, phone, email, text), and add-ons like payroll, bill pay, and fractional CFO services.[1][2][3]
Xendoo was founded in 2019 by CEO Lil Roberts, a small business owner who experienced the frustrations of outdated accounting firsthand, inspiring her vision for tech-first solutions powered by professional accountants.[1][6] Headquartered initially in Brooklyn, New York, and now in Fort Lauderdale, Florida (with a new headquarters lease signed after securing $4.7 million in investment), the company quickly expanded to serve customers across 45 U.S. states and 12 countries.[2][6]
Early traction included strong growth (over last year as of 2020 video metrics), partnerships like Gusto for payroll, and a $6 million funding round at a $35 million pre-money valuation to fuel scaling—demonstrating product-market fit with 68% gross margins (path to 80%), average MRR of $311 post-2020 pricing, and low 2.6% churn.[2][3]
Xendoo rides the SMB fintech wave, capitalizing on digital transformation in accounting amid rising eCommerce, remote work, and demand for real-time financial tools post-pandemic.[1][3][5] Timing aligns with cloud accounting proliferation (e.g., QuickBooks/Xero dominance) and SMB pain from manual processes—market forces like economic uncertainty and growth pressures favor tech hybrids over pure software or traditional services.[2][4]
It influences the ecosystem by empowering underserved niches (e.g., online sellers with fast-moving inventory, franchises tracking multi-locations), reducing barriers to scalable finance, and partnering to create complete stacks (payroll + taxes + insights), positioning as a "financial peace of mind" leader for non-finance-savvy owners.[1][2][3]
Xendoo is poised for accelerated expansion with its validated model, recent funding, and tech roadmap—expect deeper AI/sentiment features, more add-ons, international push, and potential acquisition appeal as SMB accounting consolidates.[3] Trends like embedded finance, regulatory tax changes (e.g., S Corp shifts, FAFSA exclusions), and zero-touch automation will shape its path, evolving it from bookkeeping specialist to full SMB financial OS.[5]
This tech-human blend delivers the clarity small businesses crave, turning numbers into growth fuel—just as Lil Roberts envisioned.[1]
Xendoo has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in December 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2019 | $4.0M Seed | DeepWork Capital |