Xendoo, a Fort Lauderdale, Fla.-based fintech company offering innovative online accounting and bookkeeping solutions, along with data-driven insights, to small business owners, closed a $3.5M seed plus round of funding.
The round was led by Malachi, with participation from Revolution’s Rise of the Rest Seed Fund, DeepWork Capital, Jason Calacanis’ LAUNCH Syndicate and others.
The company, which has raised a total of $4.8M to date since its launch in 2017, intends to use the funds to accelerate growth, office and personnel expansions, support continued technological innovation within the bookkeeping and accounting industry, and expand strategic partnerships and market reach.
Led by CEO and Founder Lil Roberts and newly added Chief Technology Officer Thomas J. Packert, Xendoo provides a cloud-based bookkeeping and accounting platform for small and medium-sized businesses with accessibility to CPAs, predictability of pricing, and speed to their numbers.
The company currently works with clients spanning various industries such as Century 21, College Hunks Moving, F45 Gyms, Plato’s Closet, Tropical Smoothie and more.
With users in 40+ states and eight countries, Xendoo plans to triple the size of its business over the next 18 months. In addition, over 40 new employees will be hired throughout the new year, including: Chief Operating Officer (COO), Head of Growth, Human Resources, Business Development, Sales Manager, Sales Associates, Bookkeepers, Accountants, Senior Full-Stack Developer, Marketing Content Manager and more.