Lyon-based Indy, a startup that automates accounting and tax returns for self-employed professionals and entrepreneurs, introduced on Monday, November 20, that it has raised €40M from BlackFin Capital Companions, in addition to La Maison and iXO.
The most recent spherical brings the entire funding raised to €86M.
The corporate will use the funds to boost its providing and supply an all-in-one utility for independents in the marketplace.
The corporate plans to help 1M self-employed folks by 2027. Indy is hiring 200 new staff between now and the tip of 2024 to help its growth.
“After 7 years of existence, we have now witnessed the evolution of the self-employed market. With the modifications going down on the earth of labor, we anticipate robust progress within the coming years. Indy has now turn out to be a every day important for over 70,000 freelancers. We’re doing our utmost to make sure that the applying is as full as attainable and above all, that it’s accessible to all, with the absolute best consumer expertise. The mixing of a professional account by January 2024 might be a significant step in our growth,” declares Côme Fouques, Indy’s co-founder and CEO.
The variety of self-employed folks in France continues to develop. Nonetheless, they’re typically alone or poorly supported when confronted with the executive and accounting complexities related to their standing.
Right here’s the place Indy comes into play!
Indy: AI-powered DIY accounting software program
Based in Come Fouques in 2016, Indy goals to simplify the lives of self-employed with its all-in-one utility, enabling them to create their enterprise, automate their accounting, open a professional account, and full their declarations.
The platform additionally allows the customers to do numerous duties, together with automated accounting, estimates, invoices, financial institution synchronization, doc centralisation, expense experiences, pay slips, and submitting social safety and tax returns.
Along with its utility, Indy gives human help with a group of advisors out there to reply customers’ questions in just some minutes.
To help as many self-employed folks as attainable, the startup has opted for a freemium mannequin: entry to Indy is freed from cost, whereas subscriptions beginning at 20 euros a month allow customers to file their necessary tax and social safety returns.
From January 2024, it’s going to additionally supply its customers a professional account, 100 per cent free.
The investor
BlackFin Capital Companions is an impartial personal fairness and enterprise capital agency investing in European firms throughout monetary companies and expertise, with greater than $3B in property below administration as of June 2023.
The VC manages greater than $600M in its enterprise technique and has invested in about 20 fast-growing fintechs and insurtechs up to now.
“At this time, Indy is probably the most superior answer for supporting self-employed folks of their enterprise’s administrative, accounting, and monetary administration. The expansion within the variety of self-employed is a basic pattern, and Indy is completely positioned to answer it. We’re delighted to be supporting them on this new section. Lots of the self-employed who’re beginning out will thank Indy for present as a result of it’s going to vary their lives,” says Julien Creuzé, Associate at BlackFin.