French digital accounting start-up Indy lands €40m Series C funding

Funding Round:
- French fintech start-up Indy secures €40 million ($44 million) in Series C funding.
- BlackFin Capital Partners leads the funding round, with participation from La Maison and iXO.
Financial Overview:
- Total capital raised by Indy now stands at €86 million.
- Previous funding rounds include a €35 million Series B in 2021 and a €10 million Series A in 2019.
Company Background:
- Founded in 2016, Indy initially focused on automated accounting for freelancers.
- Currently serves 70,000 freelancers with tools for invoicing, bank sync, expense reports, and payslips.
Expansion Plans:
- Will use the new capital to develop an all-in-one application.
- Expansion includes adding features for VAT returns and automated corporate tax administration by year-end.
New Offering:
- Indy to launch a professional account option for micro-businesses in the upcoming year.
- Details on the professional offering are yet to be revealed.
Workforce Growth:
- Plans to hire 200 new employees across various departments to support service expansion.
- Departments include customer service, product, technology, sales, and marketing.