April, a New York-based personal income tax platform that embeds into digital financial apps, announced that it raised $30 million in Series A funding, bringing its total funding to $40 million since its launch.
The round was led by the fintech founders’ fund Treasury, with participation from Team8, QED Investors, Nyca Partners, EUCLIDEAN CAPITAL, LLC, and Atento Capital.
April will use the new funding to expand its R&D capabilities and increase operational capacity in preparation for the next tax season.
As part of the funding round, Lowell Putnam, a seasoned fintech infrastructure entrepreneur, will join April's Board of Directors.
Company: April Tax Solutions Inc.
Raised: $30.0M
Round: Series A
Funding Month: June 2022
Lead Investors: Treasury
Additional Investors: Team8, QED Investors, Nyca Partners, EUCLIDEAN CAPITAL, LLC, and Atento Capital
Company Website: https://www.getapril.com/
Software Category: Intelligent Tax Platform
About the Company: Co-founded by Ben Borodach and Daniel Marcous April is an intelligent tax platform that offers a fast, frictionless and rewarding tax experience. April 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. April's 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. April uses a data-driven approach to personalize the tax experience and minimize the burden on taxpayers.
Source: https://www.prnewswire.com/news-releases/after-successful-tax-season-embedded-tax-platform-april-raises-30m-series-a-from-fintech-veterans-301578781.html