French becomes Indy and raises $42.5 million

 Lyon-based Indy, a SAAS startup, has raised $42.5 million in Series B financing. The round was led by Singular, with participation from Alven Capital and Kerala Ventures. 

Image credits: Indy`s press release

Founded in 2016 by Côme Fouques, Pablo Larvor, Adrien Plat and Romain Koenig, Indy is the accounting solution designed for the self-employed. It allows freelancers to easily keep their accounts and complete their tax declarations in a few clicks.

The raised money will allow the company to adapt its solution to more tax regimes, to develop new functionalities to better support the self-employed, and to set out to conquer the market. Indy is planning to recruit 100 new talents in 2021. To date, Indy now has 40,000 clients and more than 100 employees based in Lyon.