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§ Private Profile · 6700 N Andrews Ave Ste 300, Fort Lauderdale, Florida, 33309, United States
Xendoo is a technology company.
Xendoo builds a cloud-based financial technology platform that delivers online bookkeeping, accounting, and tax services specifically for small businesses. The company combines advanced technology with expert financial teams to provide comprehensive support, generate accurate financial reports, and streamline tax solutions for its clients.
Xendoo was founded by CEO Lil Roberts in 2019. As a small business owner herself, Roberts recognized the significant inefficiencies inherent in traditional accounting processes. This firsthand experience provided the critical insight that motivated her to develop a more effective and technology-driven approach to financial management for businesses like her own.
The platform primarily serves small business owners who require comprehensive and integrated financial management. Xendoo’s long-term vision is to provide financial peace of mind by offering a unified online solution that effectively replaces the complexities of traditional accounting software, independent bookkeepers, and separate tax professionals.
Xendoo has raised $4.2M across 3 funding rounds.
Xendoo has raised $4.2M in total across 3 funding rounds.
Xendoo has raised $4.2M in total across 3 funding rounds.
Xendoo's investors include Village Capital, Malachi, DeepWork Capital, Mary Grove.
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 $4.2M across 3 funding rounds. Most recently, it raised $80K Grant in February 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 4, 2020 | $80K Grant | Village Capital | — | Announced |
| Dec 1, 2019 | $4M Seed | Malachi | DeepWork Capital | Announced |
| May 2, 2019 | $100K Venture Round | Mary Grove | — | Announced |