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Paperstack: Secures Undisclosed Funding

Paperstack Secures Undisclosed Funding

  • Paperstack, a Toronto, Canada-based FinTech company, secured a funding round of undisclosed amount
  • Backers included prominent Canadian angel investors, repeat entrepreneurs, executives and employees from Canada’s technology unicorns
  • The company intends to use the funds to continue to expand operations and its development efforts to develop and take the product to the market
  • The company is advancing a technology-assisted bookkeeping and tax filing solution, meant specifically for Canadian freelancers
  • The product will allow self-employed professionals to track business expenses, find valuable tax deductions, remit GST/HST, and prepare annual tax returns – completely on autopilot
  • The company anticipates releasing the product in Ontario later in 2021, followed by a gradual pan-Canadian rollout in 2022
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