April Tax Solutions Raises $30M in Series A Funding

April Tax Solutions

April Tax Solutions Inc., a NYC-based personal income tax platform that embeds into digital financial apps, raised $30M in a Series A funding round.

Treasury, a fintech infrastructure focused fund established by the founders of Betterment and Acorns, led the round with participation from QED, Nyca Partners, Team8, Euclidean Capital and Atento Capital. As part of the funding round, Lowell Putnam, a seasoned fintech infrastructure entrepreneur, will join April’s Board of Directors. Putnam was the founder of Quovo which later sold to Plaid.

The company, which has raised $40M since its launch in January 2022, intends to use the funds to expand its R&D capabilities and increase operational capacity in preparation for next tax season.

Co-founded by Ben Borodach, a former Deloitte fintech strategist who led corporate strategy for venture group Team8, and Daniel Marcous, the former CTO of the navigation startup Waze, which sold to Google for $1B in 2013, who later served as a lead data scientist at Google in Israel, April is an intelligent tax platform that automates the tax filing process, optimizes tax refunds and provides users with personalized, actionable tax insights to help them make smarter financial decisions all year round. The tax engine can be embedded into any third-party platform to help fintech companies and financial institutions broaden their offerings to include tax-as-a-service, and better serve clients across their ecosystem.

Launching at the beginning of 2022, April served thousands of American taxpayers through partnerships with several financial institutions. 

FinSMEs

30/06/2022