TaxBit: Raises $5M In Seed Funding

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TaxBit: Raises $5M In Seed Funding

TaxBit: Raises $5M In Seed Funding

  • The round saw participation from Winklevoss Capital and Dragonfly Capital Partners, among others
  • TaxBit says it also aims to grow its customer base in the U.S. and globally
  • The inquiry brought several thoughts to mind as many believed that the tax agency is planning on levying taxes on crypto-related transactions
  • The company intends to use the funds to further enhance its products and accelerate customer growth
  • The U.S. Internal Revenue Service (IRS) has also been vocal about accurately reporting cryptocurrency taxes
  • TaxBit’s tax center suite facilitates tax compliance for enterprises and their users through a technology driven platform