Building on its $30 million Series A round in 2022, April intends to introduce tools for paycheck withholding optimisation and quarterly payment management.
April, a New York-based AI-powered tax platform, has closed $38 million in Series B funding, led by QED Investors. This latest investment brings the company’s total funding to $78 million since its founding in 2021.
The round was further backed by existing investors iAngels, Euclidean Capital, Nyca Partners, Team8, Transpose, Treasury, and new shareholder, Industry Ventures.
April offers an embedded tax-filing solution which combines federal and state filing processes, while utilising partner data to automatically pre-fill tax forms. According to a company statement, it has processed “hundreds of thousands of tax returns”.
April claims to have tripled in size during the current year, adding that it has expanded beyond self-service filing to include professional-assisted and professional-led tax filing options.
Following its $30 million Series A round in 2022, April plans to use the new capital to enhance its capabilities. This includes plans for paycheck withholding optimisation and quarterly payment management tools.
The start-up reveals it is “actively developing solutions for more complex scenarios, including capital gains, retirement planning, and small business ownership”.
Source: https://www.fintechfutures.com/
