Crypto tax platform TaxNodes raises $1.6mn

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To provide control and compliance using a GPT-like large language model, the crypto tax platform is developing an AI-assisted tax advisory model for individuals and corporates

A crypto tax computation and expert-assisted ITR filing platform, TaxNodes, has secured $1.6 million in a seed funding round. Including Rahul Pagidipati (CEO, ZebPay), Nischal Shetty (founder and CEO, WazirX), Ashish Singhal (co-founder and CEO, CoinSwitch), and Ajeet Khurana (founder, Reflexical), the funding was secured from notable veterans in the Web3 and wealth tech space.

TaxNodes, a tax computation and expert-assisted ITR filing platform that aims to simplify the tax computing process, was founded in 2022 by Avinash Shekhar, a chartered accountant and former CEO of crypto exchange ZebPay. Particularly in the complex world of crypto taxes, it has a team of experts dedicated to simplifying taxes, the platform says.

To provide control and compliance using a GPT-like large language model, the crypto tax platform is developing an AI-assisted tax advisory model for individuals and corporates, it said.

The crypto tax platform, since its inception, claims to have witnessed a 5X month-on-month spike in its customer base. Partnerships with crypto exchanges such as ZebPay, WazirX, and Giottus have been announced by the company.

“This funding will enable us to provide a complete solution for crypto natives, making it easier for them to handle their tax obligations. Moreover, this investment will propel our research and development efforts to create innovative products that cater to crypto exchanges, investors, and finance professionals, including crypto auditors,” said Shekhar.

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