Cone (YC S22)
“Can Cone become the end-to-end operating system for small accounting firms by bundling proposals, practice management, and embedded billing/payments in a single low-priced SaaS?”
Founded2022
HQSan Francisco, CA, United States (with presence in India)
FoundersJahangir Mohammed
Total raised$2.2M
Latest roundSeed, $1.66M
IndustryVertical SaaS / Accounting
The story
Cone (YC S22) is a vertical SaaS work-management platform for accounting and professional service firms. Its wedge is proposals + engagement letters, extended into billing, payments, and practice management. Embedded finance appears only on the collections side: Cone acts as a merchant-of-record-lite by offering its own 'Cone payments account' (a white-labeled Stripe integration) alongside BYO Stripe/GoCardless accounts for accountants to collect card payments, ACH, and UK Direct Debit from their clients.
Last 12 months
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Product timeline
2022
Founded and joined Y Combinator S22 batch· pivot
2023
Launched Cone Propose — proposal + billing + payments software for accounting firms· launch
2024
Expanded into Cone Practice — unified practice management for accounting firms· launch
2025
Rolled out multi-region pricing (UK/US/AUS) and Stripe + GoCardless payment integrations· launch
The stack
3 layers disclosed in Cone (YC S22)’s embedded-finance stack
Payments / PSP
Open banking
in the full report
Accounting
in the full report
Accounting gap: none
4 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.