Fort Lauderdale-based Xendoo has announced its acquisition of key assets from online bookkeeping platform Botkeeper, bringing not only technology but also talent into the fold.
The deal gives the South Florida company access to AI-driven automation capabilities while welcoming Botkeeper’s co-founders and CTO into the team. Botkeeper had previously raised around $90 million from investors.
“We’ve respected what Botkeeper has built over the years,” founder and CEO Lil Roberts told Refresh Miami. “There are things from their platform that we love, such as AI with a very high level of confidence, but you still need the human in the loop because accounting is precise.”
That balance between automation and oversight sits at the center of Xendoo’s strategy. While the industry is flooded with AI hype, Roberts remains pragmatic about what technology can realistically replace.
“I am a massive AI fan. I think we live in the greatest time of our lives with this technological shift,” Roberts asserted. “But you still need critical thinking. AI can help analyze data, but you have to layer human judgment on top to take action.”
The acquisition arrives at a moment when demand for tech-forward financial tools is rising quickly. Since the pandemic, millions of Americans have started businesses or joined the freelance economy, expanding the addressable market for platforms like Xendoo.
“What we’re seeing is the continued migration toward digital transformation,” Roberts said. “Everything needs to be interconnected, integrated, and available in the palm of your hand.”
That trend has helped fuel Xendoo’s own expansion. Roberts said the company has quadrupled in size since 2021 and has grown to a team of 54 employees, with the vast majority based in its Fort Lauderdale office.
Alongside the Botkeeper integration, Xendoo has also expanded its product suite. The company recently introduced two SaaS tools designed to give lenders, advisors, and business owners real-time financial visibility. At the same time, the firm has leaned into ecosystem partnerships, including building a migration tool that allows customers to move from QuickBooks to Xero – a shift Roberts said is often fully subsidized through Xero’s support.
The broader ambition extends beyond product launches. Roberts said Xendoo is actively pursuing acquisitions of CPA practices as part of a strategy to build a more comprehensive platform spanning bookkeeping, advisory services, and accounting infrastructure.
“The future of Xendoo is a total solution for small business owners,” Roberts said. “Think about the journey of money in a business – we want to touch multiple stops along that journey.”
Despite its national footprint, Roberts remains bullish on South Florida as a base of operations. She pointed to the region’s growing strength across fintech, biotech, blockchain, and space-focused startups, along with the collaborative environment that has emerged for founders.
“What’s happening in the Greater Miami region is beyond phenomenal,” Roberts said. “If you’re a founder here today, you have an advantage.”
That optimism is also reflected in Xendoo’s internal culture. Roberts said the company believes strongly in in-person collaboration because, in her view, teams move faster when they share physical space and informal moments that drive creativity.
As for what comes next, Roberts hinted that the Botkeeper deal is just one step in a larger buildout. While careful not to reveal too much, she suggested Xendoo’s roadmap involves expanding deeper into the accounting ecosystem while continuing to blend automation with advisory support.
In other words, the acquisition may be less of an endpoint and more of a signal — one that suggests the future of small business finance could belong to platforms that combine software, services, and strategic insight under one roof.
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