april raised $38 million in a Series B funding round led by QED Investors. This funding brings its total capital to $78 million. Nyca Partners and Team8 also participated in the round.
Advancing Embedded Tax Solutions
april offers an embedded, year-round tax platform. It integrates with banks, payroll providers, and fintech solutions to optimize tax decisions. Its AI-powered platforms handle complex tax situations.
The company became the first new entity in 15 years to achieve national e-file coverage across all 50 states. Additionally, april's system is API-first and embedded-first. Filing times average 22 minutes, significantly faster than traditional methods like TurboTax or H&R Block.
The april tax platform targets the $15 billion U.S. individual tax market, serving over 160 million taxpayers. The platform also supports small business owners and gig workers. Consequently, april serves millions of Americans through more than 50 partners.
This growth underscores the demand for integrated tax intelligence.
april operates on a B2B2C model, offering flat-rate SaaS pricing to partners. Moreover, the company plans to expand its services and deepen integrations in wealth management, enhancing financial planning capabilities. This strategic approach aims to embed tax intelligence into every financial decision.
