Indy raises $44 million to simplify taxes and paperwork for freelancers
Summary
Its designed for freelancers, self-employed people, doctors, architects, lawyers, etc.Other investors in the recent funding round include La Maison and iXO. Similarly, the sales funnel works particularly well, as a good portion of people who want to become freelancers will have to pick a company creation service first.The next step is clear: Indy is going to become a fintech startup. Once again, it makes sense to bundle this service as current customers have to switch between their banking app and Indy to control their business finances.Current companies working on business banking, such as Qonto and Shine in France, focus heavily on small and medium companies. At the same time we have a hyper-healthy, hyper-scalable model.Some companies have identified the same problem in the U.S., such as Found and Lili theyve both raised around $80 million according to Crunchbase data. Instead, the French startup is looking at other European countries to see if it can replicate its service in other markets.But Indy is still very much focused on its home market as there are millions of self-employed people in France.