Fondo wants to mitigate the US' accountant shortage with its AI bookkeeping service [TechCrunch]
Strategic Education, Inc. (STRA)
Last strategic education, inc. earnings: 4/29 06:30 am
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Source: TechCrunch
But the number of accountants these new businesses will need to maintain their books, file taxes and do related accounting work is dipping . Nearly 75% of CPAs are expected to retire in a decade, and fewer graduates are choosing accounting because it simply doesn't pay as much as fields like technology and finance. Serial entrepreneur David Phillips sees an opportunity to fill this growing gap with his latest venture Fondo , which uses software, AI, and accounting experts to offer a bookkeeping platform aimed at startups and small- and medium-sized businesses. Phillips founded Fondo in 2020 after selling his coding school startup, Hackbright, to Capella University in 2016. He's also an angel investor, having invested in over 85 startups, including Rippling, Flexport and Liquid Death. The four-year-old startup, which operates on a subscription-based model, has already secured approximately 1,200 customers, reached annual recurring revenue of $6 million, and is profitable, Philli
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News
- Fondo wants to mitigate the US' accountant shortage with its AI bookkeeping service [Yahoo! Finance]Yahoo! Finance
- University of Phoenix Center for Workplace Diversity and Inclusion Research Team Presents at EDUCAUSE Conference [Yahoo! Finance]Yahoo! Finance
- Are You a Value Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Strategic Education Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Strategic Education Q3 Earnings & Revenues Beat, EBITDA Up Y/Y [Yahoo! Finance]Yahoo! Finance
STRA
Earnings
- 11/7/24 - Beat
STRA
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/7/24 - Form 10-Q
- STRA's page on the SEC website