Taxfyle gets $2M in seed financing

Taxfyle, an on-demand tax and accounting marketplace that connects consumers and small businesses with CPAs and enrolled agents, has received $2 million from new investors.

The new investors are Jonas Tempel, founding partner of music streaming an purchasing site Beatport, and angel investor Jeff Ransdell. There was some additional support from existing investors.

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A woman walks out of the Internal Revenue Service (IRS) headquarters building in Washington, D.C., U.S., on Wednesday, Feb. 17, 2016. Taxpayers have until Monday, April 18 to file their 2015 tax returns and pay any tax owed. Photographer: Andrew Harrer/Bloomberg

Taxfyle executives see the company as the Uber or Airbnb of tax filing. CEO and founder Richard Lavina said in a statement, “We started Taxfyle because we saw an entire segment of the population that needed expert tax services, but didn’t have the resources or time to hire a top-notch CPA or accounting firm.”

The latest round of financing will be used to scale services in the way that Taxfyle has been doing since its founding in August 2015. Since then, the company has partnered with tax prep software provider TaxAct in order to accommodate more complex filers; integrated with Apple Pay, Touch ID, and several major American financial institutions including Bank of America and American Express; launched a mobile app; and on-boarded more than 700 tax professionals.

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