TaxBit offers a platform that streamlines tax and accounting compliance for enterprises, financial institutions, and government bodies, with specific focus on digital asset technologies. The company intends to expand its commercial and government accounting solutions, including capabilities for tax filing, audit, asset seizure, and financial reporting. Planned product enhancements include GAAP and FASB reporting for the U.S. and IFRS support for international customers. TaxBit is led by CEO Lindsey Argalas and holds SOC 1 Type 1, SOC 2 Type 2, and ISO 27001 certifications. The company has offices in San Francisco, Seattle, Salt Lake City, New York, and Washington, D.C. To date it has secured over $235M from global investors including Ribbit, IVP, Paradigm, and PayPal Ventures. TaxBit provides software that connects digital asset transactions across exchanges to automate tax reporting, accounting and portfolio management for individuals, enterprises and government agencies. Its products include Tax Center Suites for finance teams and TaxBit Consumer for individual filers, both designed by CPAs and tax attorneys. The company has integrated with exchanges such as Coinbase, BlockFi, Gemini and says dozens of financial institutions are adopting its Tax Center Suite, most recently FTX US. TaxBit has deployed services with the IRS and reported issuing over two million tax forms in 2020; it is on track to issue over 50 million forms this year. Since an early-March raise the company tripled headcount to about 100, launched a Seattle office and plans to double headcount by year end and expand into the U.K. and other jurisdictions. Long term plans focus on scaling tax and accounting offerings across enterprise, consumer and government sectors and pursuing global expansion. TaxBit is a Salt Lake City provider of cryptocurrency tax and accounting automation software, launched in 2018 and led by CEO Austin Woodward. It offers TaxBit Enterprise and TaxBit Consumer platforms that automate all aspects of cryptocurrency tax compliance for enterprises, consumers, and governments. The platform has produced and helped customers file over one million sets of tax forms across the verticals it serves. The company raised $100M in a Series A. TaxBit is developing a Big Four & SEC grade accounting ERP solution that it plans to publicly launch later this year. It also has plans for international expansion in 2021. TaxBit offers TaxBit Enterprise and TaxBit Consumer, solutions that automate all aspects of cryptocurrency tax compliance for consumers, businesses, and exchanges. Its products are used by thousands of everyday crypto users as well as crypto exchanges and merchants for 1099 and enterprise reporting requirements. Led by CEO and founder Austin Woodward, the company provides software to streamline tax reporting and compliance across the crypto ecosystem. TaxBit said it will use the newly raised funds to continue to expand operations and its business reach. The company is based in Salt Lake City, Utah. TaxBit provides a software platform that automates cryptocurrency tax reporting for everyday crypto users, exchanges, and merchants. Its consumer product enables users to produce required crypto tax forms in minutes, and the company reports thousands of everyday crypto users. In 2019 TaxBit launched an enterprise tax center suite that is being deployed by cryptocurrency exchanges and merchants to facilitate tax compliance. The company is led by CEO and founder Austin Woodward. TaxBit raised $5M in seed funding to further enhance its products and accelerate customer growth. The firm intends to expand customer growth in the United States and internationally, including Canada, the UK, and Australia.

Total raised

$235M

Funding rounds

5

Latest round

Series B

Latest activity

Aug 2021