• 20 Year Old Founder Jessica Mah Gets $1 Million Put Into Banking Startup InDinero

    Wednesday, September 1st, 2010

    Alexia Tsotsis is the co-editor of TechCrunch. She attended the University of Southern California in Los Angeles, CA, majoring in Writing and Art, and moved to New York City shortly after graduation to work in the Media industry. After four years of living in New York and attending courses at New York University, she returned to Los Angeles in... → Learn More

    We’ve confirmed that wunderkind Jessica Mah is one week away from closing a hotly anticipated round of seed financing for simple online finance management tool InDinero.Confirmed investors in the round (which still has three open spots reserved for valley VIPs like SV Angel) include 500 StartUpsDave McClure, Microsoft’s Fritz Lanman, and YouTube’s Jawed Karim.

    Part of the YCombinator class of 2010, InDinero aims to be the Mint for small businesses and is off to a running start as this latest round is set to close between 1 and 1.5 million. We’ve heard reports that she had to turn investors away, and Mah promises that more “juicy details” about the story behind the funding are yet to come.

    Perhaps the closest we’ve got to a female Mark Zuckerberg, Mah founded her first startup at age of 13, and entered into the Computer Science program at Berekley at 15, where she started internshipIN.com. In raising over a million at twenty, the serial entrepreneur’s got a ways to go before she gets jaded.

    Here’s recent video of her explaining InDinero’s usefulness and simplicity.

    Company: inDinero
    Website: indinero.com
    Funding: $1.22M

    inDinero creates software to help small businesses better track and manage their finances. Indinero aims to provide its users with instant insights into the finances of their companies, leading them to save on unnecessary expenses and to earn more money for their companies.

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    Person: Jessica Mah
    Website: jessicamah.com
    Companies: inDinero, InternshipIN

    Jessica started her first internet company at the age of 13, finished high school at the age of 15, and studied computer science at the University of California, Berkeley. As Product Architect and CEO of Indinero.com, Jessica drives the development of Indinero’s product strategy, product development and design efforts. She designed Indinero for the typical small business owner, knowing that its usefulness and simplicity would change the way business owners look at money. Founders Jessica Mah and Andy Su built...

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