Found

Found is a US financial technology company that builds a business banking and back-office platform for freelancers, contractors and other self-employed small business owners. Its premise is that this segment is badly served by traditional business banking and has to stitch together a checking account, bookkeeping software, invoicing tools and a tax preparer.

Found consolidates all of this into a single app. Customers open a business checking account — Found is not a chartered bank, so deposits are held at Lead Bank, Member FDIC — and receive a Mastercard debit card. Transactions are categorised automatically, tax write-offs are identified, quarterly tax estimates are calculated, and cash can be set aside in sub-accounts called Pockets. The platform also covers unlimited invoicing, contractor payments with W-9 collection and 1099 filing, and an AI Found Assistant.

1. Business checking account with Mastercard debit card; banking services provided by Lead Bank, Member FDIC, deposits insured up to USD 250,000.

2. Company-reported scale: 769,000 Found accounts created and over USD 1.34 billion in card transactions processed.

3. Automatic expense categorisation, receipt capture, write-off detection and quarterly tax estimates built into the account.

4. Free unlimited invoicing, plus unlimited contractor payments with W-9 collection and 1099 filing at no per-contractor fee.

5. Pockets sub-accounts for cash-flow set-asides and an AI Found Assistant for financial queries and task delegation.

6. Tiered model: free Core plan, Found Plus and Found Pro with interest on balances and cash back.