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Abound logo — 1099 compliance made easy, instant and automatic. (Acquired...

Abound

1099 compliance made easy, instant and automatic. (Acquired by BILL in 2024.)

Founded 2015 United States San Francisco, United States 4 employees Seed Total: $6.65M API, Finance +3

General Information

Company Name Abound
Founded Year 2015
Location United States San Francisco, United States
Employees 4
Industries API, Finance, Financial Services +2
Funding Stage Seed
Business Model B2B, API, Embedded Finance
Revenue Model Transaction Fee, Tiered Pricing, Subscription
Social

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About Abound

Abound is a fintech company focused on streamlining 1099 compliance, making the process automated and effortless through cutting-edge APIs and intuitive components. Founded in 2015, the company caters to businesses keen on optimizing their financial compliance operations. With a commitment to shaping the future landscape for independent workers, Abound delivers solutions that are both innovative and indispensable.

The firm operates within the API, Finance, Financial Services, Fintech, and Payments sectors, setting its footprint in the United States. A pivotal moment of financial validation came on January 28, 2021, when they received a $6.00M Seed Round investment, led by Point72 Ventures.

In 2024, Abound was acquired by BILL, signaling its significant impact and value in the market. Its slogan, "1099 compliance made easy, instant and automatic," reflects the company's core mission and distinct advantage.

Business keywords: 1099 compliance, API solutions, W-9 collection, TIN verification, workflow solutions, federal compliance, state compliance, 1099 filings, 1099 corrections, drop-in components, subject matter expertise, independent workers, tax form management

Services & Products

W9 and W8-BEN Information Collection
Real-time TIN Verification
1099 Document Generation and Submission
Error-proof Filing with IRS and States
API-driven Tax Compliance Solution

Target Customers

Freelancers Small to Medium Enterprises Financial Institutions Bookkeeping Services Invoicing Platforms Developer Teams

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round $6.00M 1
Point72 Ventures
28 Jan 2021
Pre Seed Round $650.00K 9
Moderne Ventures 500 Startups nbkc bank
Moderne Ventures, 500 Startups +7
16 Sep 2019
Non Equity Assistance Undisclosed -
09 Nov 2015

Abound Alternatives & Competitors

Abound vs
Ruul
Ruul Sweden

We help contractors and businesses work together, handling invoicing, payments, and compliance.

34 employees
Financial Services, Fintech

FAQ About Abound

1099 compliance made easy, instant and automatic. (Acquired by BILL in 2024.)
Abound was founded in 2015.
Abound is headquartered in San Francisco, United States.
Abound operates in API, Finance, Financial Services, Fintech and Payments. Its work centres on 1099 compliance, API solutions, W-9 collection and TIN verification. Its customers include Freelancers, Small to Medium Enterprises and Financial Institutions.
Abound has a B2B, API and Embedded Finance business model. Its revenue comes from Transaction Fee, Tiered Pricing and Subscription.
Abound has approximately 4 employees.
Abound has completed 3 funding rounds, raising a total of $6.65M. The latest funding stage is Seed.
Abound offers: W9 and W8-BEN Information Collection, Real-time TIN Verification, 1099 Document Generation and Submission, Error-proof Filing with IRS and States, API-driven Tax Compliance Solution.
Top alternatives and competitors to Abound include Ruul. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Abound and Ruul are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Abound, https://bouncewatch.com/company/abound-1, updated 2 September 2026. When citing, please name BounceWatch and link this page.

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