Is Found profitable in 2026?

Found does not publicly disclose audited revenue as of July 2026. Third-party estimates conflict wildly (from $8.5M to $42.7M), and no profitability figure has been reported. The company remains privately held and venture-funded, last raising a Series C around $46-50M in June 2024.

Could AI replace Found's core product?

Found's core differentiators, automated bookkeeping, expense categorization, Schedule C generation, and tax estimation, are rules-based financial admin tasks that AI tools target directly. Rival Lili already markets 'AI-assisted accounting' as a paid feature as of May 2026, while Found's product updates through December 2025 show no AI branding.

Who is Found's biggest competitor threat?

Intuit is the named unbarred predator: it already owns bookkeeping, tax filing, and checking infrastructure via QuickBooks Solopreneur, QuickBooks Checking, and TurboTax, serving the same self-employed segment. Direct fintech rival Lili is also a threat, having shipped AI-assisted accounting as of May 2026 while Found stayed silent on AI.

Who owns Found the business banking app?

Found is privately held, operating under the legal entity Indie Technologies Inc. per its App Store listing dated July 2025. It is venture-backed, having raised roughly $118.5-$125M across Seed, Series B ($60M, Feb 2022), and Series C (~$46-50M, June 2024) rounds led by investors including Sequoia Capital and Founders Fund.

Has Found had layoffs recently?

No layoff reports appear in available sourcing as of mid-2026. Headcount estimates from Built In (117 employees) and PitchBook (115 employees as of 2025) are roughly consistent, suggesting a stable, lean team rather than active downsizing.

Did Found raise a new funding round after 2024?

As of the most recent sourcing (mid-2026), Found's last disclosed funding was a Series C of roughly $46-50M closed in June 2024, led by Sequoia Capital and Glynn Capital Management, at an estimated valuation near $400M. No newer round has been reported.

Banks and financial groups · United States

Found

found.com ↗

Business banking app bundling checking, bookkeeping, and tax tools for freelancers.

Losing its protection

Assessed 22 July 2026 · Evidence as of 22 July 2026

The structural protection is eroding.

On the recordSince 22 July 2026 · Checkable from H1 2027 · Every call on the record Checkpoint: Found's next funding round, which will show up or down revenue signal

The call

Found has real switching costs from bundled banking and tax data, but Intuit already sells the same bundle at scale and Lili already ships the AI feature Found has not announced.

Found gives self-employed people a checking account combined with expense tracking, tax forms, and tax estimates all in one app. It is hard for big banks like Chase to copy because they do not focus on self-employed customers, but Intuit (which owns QuickBooks and TurboTax) already serves this exact group and could easily add a checking account, and Lili, a direct competitor, is already using AI to help with bookkeeping while Found has not announced any AI features through the end of 2025. The biggest question mark is whether Found will launch AI-powered bookkeeping tools before or right after its next funding round, because staying silent on AI while a rival ships it suggests Found is falling behind on what customers will soon expect.

Why

AI pressure: Lili's AI-assisted accounting feature. Lili already sells AI bookkeeping as a paid feature while Found's public roadmap has no AI tool through end of 2025. Could AI do the core job? Only partly.

Bigger players: Intuit (QuickBooks Solopreneur, QB Checking, TurboTax). Intuit already owns bookkeeping, tax, and business checking for the self-employed and can bundle AI features into that stack anytime. Could a giant copy it? Probably.

What protects it. FDIC-insured deposits through a partner bank plus bundled banking, bookkeeping, and tax data that make switching costly.

What would change this call

Found ships an AI bookkeeping/tax feature matching Lili's AI-assisted accounting. Shows Found can defend its paid tiers against AI-native rivals.
Intuit launches or refreshes QuickBooks Solopreneur/QB Checking with AI features bundled. Shows the unbarred incumbent is closing the UX gap that protects Found.
Found announces its next funding round (up, flat, or down) with any disclosed revenue. Shows whether user growth is converting into revenue investors trust.

Key numbers

$118.5M+ raised across 4 rounds (2024-06-10)
700,000+ business owners on platform (2025-10-23)
Paid tiers priced at $35 and $80 per month (2025-12-01)

Named risks

Core bookkeeping/tax automation is the exact workflow AI copilots are targeting, with no Found AI feature shipped through Dec 2025. Severity: high
Intuit, an unbarred incumbent with bookkeeping, tax, and checking already bundled, could out-execute on UX. Severity: high
Dependence on banking-as-a-service partner (Lead Bank as of Oct 2025) carries transition and operational risk seen elsewhere in fintech BaaS. Severity: medium
No independently verified revenue disclosed as of July 2026, unit economics unproven despite user growth claims. Severity: medium
Last funding round was June 2024; no new round reported through mid-2026, raising cadence/runway questions. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
Lili	losing to	Lili shipped 'AI-assisted accounting' paid feature by 2026-05-29; Found's Dec 2025 product log shows no AI feature
Intuit	contesting	QuickBooks Solopreneur, QB Checking, and TurboTax already serve same self-employed segment as of 2026
Novo	gaining on	Novo lacks integrated bookkeeping/tax tools per 2025-11-20 comparison, leaving Found an edge there
Bluevine, Relay, Mercury, Rho	contesting	Cited as active peers in freelancer/small-business banking niche as of 2026-06-09

Questions people ask

Is Found profitable in 2026?: Found does not publicly disclose audited revenue as of July 2026. Third-party estimates conflict wildly (from $8.5M to $42.7M), and no profitability figure has been reported. The company remains privately held and venture-funded, last raising a Series C around $46-50M in June 2024.
Could AI replace Found's core product?: Found's core differentiators, automated bookkeeping, expense categorization, Schedule C generation, and tax estimation, are rules-based financial admin tasks that AI tools target directly. Rival Lili already markets 'AI-assisted accounting' as a paid feature as of May 2026, while Found's product updates through December 2025 show no AI branding.
Who is Found's biggest competitor threat?: Intuit is the named unbarred predator: it already owns bookkeeping, tax filing, and checking infrastructure via QuickBooks Solopreneur, QuickBooks Checking, and TurboTax, serving the same self-employed segment. Direct fintech rival Lili is also a threat, having shipped AI-assisted accounting as of May 2026 while Found stayed silent on AI.
Who owns Found the business banking app?: Found is privately held, operating under the legal entity Indie Technologies Inc. per its App Store listing dated July 2025. It is venture-backed, having raised roughly $118.5-$125M across Seed, Series B ($60M, Feb 2022), and Series C (~$46-50M, June 2024) rounds led by investors including Sequoia Capital and Founders Fund.
Has Found had layoffs recently?: No layoff reports appear in available sourcing as of mid-2026. Headcount estimates from Built In (117 employees) and PitchBook (115 employees as of 2025) are roughly consistent, suggesting a stable, lean team rather than active downsizing.
Did Found raise a new funding round after 2024?: As of the most recent sourcing (mid-2026), Found's last disclosed funding was a Series C of roughly $46-50M closed in June 2024, led by Sequoia Capital and Glynn Capital Management, at an estimated valuation near $400M. No newer round has been reported.

Timeline

2025-12-18Found launches 'Found for Teams' product
2025-12-17Found launches 'Found Pro' paid tier ($80/mo)
2025-10-21Found announces expanded banking partnership with Lead Bank, Member FDIC
2025-02-01Found cites more than 500,000 business owners on platform (company data via Contrary Research)
2024-06-10Found closes Series C, roughly $46-50M, led by Sequoia Capital and Glynn Capital Management
2022-02-17Found closes $60M Series B led by Founders Fund, Lightspeed, Sequoia
2021-05Found closes Seed/Series A round of $12.8M
2019Found founded in San Francisco, California

Revision history

22 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

In the same band

IIFL Finance Monex Group Ajaib