Column Tax Raises $5.1M in Seed Funding

Column Tax

Column Tax, a San Francisco, CA-based personal income tax software company, raised $5.1m in seed funding.

The round was led by Bain Capital Ventures with participation from South Park Commons, Core Innovation Capital, and Operator Partners.

The company will use the funds to expand adoption of its Tax Refund Unlock and Tax Filing products.

Led by Gavin Nachbar, co-founder and CEO, Column Tax provides an API that enables mobile banking and fintech companies to offer tax products to their account holders. By enabling year-round access to tax refunds and advice, Column Tax and its partners, including Atomic, are allowing consumers to optimize tax returns in a new way.

The company is also announcing its first commercial product, Tax Refund Unlock, enabling all Americans to get advance access to their tax refunds in monthly payments, as well as file their taxes.

In partnership with Klover, a provider of a free financial services platform, users can opt in to immediately access to their future refunds through the Klover app. By optimizing tax withholdings, Klover users will receive more of their earnings in each paycheck, reducing the need for loans or credit cards, and stop overpaying in taxes.