Today, inDinero has 200 employees across five locations. Their purpose is to help businesses with accounting and taxes, like an outsourced finance department. One of Jessica’s goals for her organization as it expands is to handle growth gracefully and retain culture along the way.
Jessica Mah’s inDinero.com aspires to be part of the next chapter meshing tax and technology. Her company, which offers unlimited, flat-fee accounting/tax/payroll services as software, aims to change the role/definition of the CPA and accounting professions.
InDinero, a San Francisco startup that opened a Portland outpost last year, has moved to bigger offices downtown to accommodate a growing work force that could number 120 by late next year.
Mah started her first tech business at 12, founded inDinero at 19, crashed it at 21 and made the cover of Inc.’s 5000 issue for outstanding three-year revenue growth of more than 2,500 percent. InDinero hired more than 100 employees in 2015 and is on pace to double its staff this year.
Jessica Mah brought her company, inDinero, back from the brink nearly four years ago.
Jessica Mah thought she had the next big thing in Silicon Valley when she and her co-founder launched inDinero – but soon, her company was rapidly losing money and she couldn’t understand why the business wasn’t attracting customers… or revenue.
Today InDinero has 125 employees, and closed a $7-million round about six months ago. And it's not just venture capital money fueling the company's growth: InDinero landed on Inc.'s list of the 5,000 fastest-growing companies, thanks to an impressive three-year growth rate of 2,685.6%.But how the company operates is one of the most interesting things about InDinero. Like a handful of other tech companies, it has adopted an approach to management that gives far more power, autonomy and respect to its employees than traditional companies would.
Jessica Mah founded inDinero, a small business services start-up, when she was just 19 years-old and received $1 million in funding by the time she was 20.
Jessica Mah has been starting companies since she was 13. As a teenager, she built websites for small businesses, and then created a company that managed online services for companies. It was pulling in $100,000 in revenue before she was even in high school, Mah said.
Entrepreneur Jessica Mah devours nonfiction — from CEO memoirs to political biographies to wonky business books. And last year, she read more than 100.
Instead of a self-service tool for tracking small business finances, inDinero now offers what Mah calls an all-in-one solution for accounting, taxes and payroll.
InDinero, which provides software and services to small businesses, has 75 employees and just under $3 million in annual sales. It expects to double that in 2015, and has raised a total of $8 million from investors.
Jessica Mah, the founder and CEO of Indinero, was only 11 years old when she started her first business. Having learned how to code in fifth grade, Mah built websites for people and got paid a few thousand dollars a month to do it.
The IRS requires small businesses to track their receipts on their transactions, so inDinero is today launching a full-service feature for owners looking to track both financial transactions and business receipts in one place. Now, instead of wondering what you bought at Walmart or Amazon last month, you can see the full receipt next to every single transaction.
Jessica Mah, co-founder and chief executive of business finance startup InDinero, took the stage at the Web 2.0 Expo this afternoon to explain how she solved a problem that her company faced last year: It wasn’t making any money.
The site is launching budgeting functionality on Thursday, automatically calculating a financial plan for the month based on past expenses. (Users can also manipulate the budget manually.)
Jessica Mah, faced with her own financial mire, thought other business owners would appreciate a simple way to monitor their finances. Mah and her partner Andy Su created the tech, and soon got funding through Y Combinator. She enlisted other Berkeley classmates and created inDinero.com, "We wanted to make it easy, and that meant having everything be as automatic as possible."
inDinero founders Andy Su and Jessica Mah initially set out to raise $500K but reportedly received so much interest that the round could have topped out at $2 million. Su and Mah had to eventually turn people away.
A recent grad of venture firm Y Combinator, InDinero launched two months ago to glowing reviews and recently closed a $1 million financing round. The site has already attracted 4,000 business clients using the system to track $400 million -- and Mah says it's already profitable.
San Francisco startup inDinero landed in Portland earlier this year with the goal of becoming a player in the growing Rose City tech scene. Since March, the company has hired 45 people and moved out of its temporary space. It now occupies an office in the Pittock Building that Smarsh left at the end of last year.
As Founder and CEO of inDinero, Jessica loves helping entrepreneurs run better businesses. She has grown the company from zero to multi-million dollar revenues with over 70 employees and has been featured in the Forbes and Inc 30 Under 30 Lists. Jessica studied computer science at U.C. Berkeley, went through Y Combinator, and is a member of the Young Presidents’ Organization (YPO). She is an IRS Enrolled Agent, Ham Radio Operator, and a Private Pilot.