TaxBit

Tax and accounting solutions for cryptocurrency transactions.

About

Founded

2018

Headquarters

Draper, Utah

Industry

Fintech

Company Description

Designed by CPAs and Tax Attorneys. TaxBit is the modern Tax and Accounting Solution for the digital economy. TaxBit's customers include the world's top exchanges, institutional investors, governments, and individuals. A single system of record for Tax and Accounting. Achieve compliance and accuracy at scale within a Big Four-grade self-service solution. As the first and only company to build real-time ERP accounting software for commodities, equities, and other digital asset investments, TaxBit provides enterprise clients with seamless end-to-end solutions, including core accounting suite, customer management suite, and form issuance. TaxBit Consumer makes filing taxes on digital asset investments simple and painless while equipping them with real-time directional insights 24/7, 365.

Quick Links

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Funding

Total Raised

$253.4 million

Valuation

$1.33 billion

Significant Investors

Ribbit Capital, IVP, Insight Partners, Tiger Global Management, Paradigm, 9Yards Capital, Sapphire Ventures, Madrona Venture Group

Company Traction

  • In 2020, TaxBit issued 2 million tax forms and, as of August 2021, was on pace to issue 50 million tax forms for 2021.
  • TaxBit customers include companies like Uphold, BlockFi, Gemini, and Prime Trust.

Leadership Team

  • Austin Woodward: Co-Founder & CEO of TaxBit. Former Controller at Qualtrics.
  • Tramale Turner: CTO at TaxBit. Former Head of Engineering, Traffic & Seattle Site Lead at Stripe.
  • Lindsey Argalas: COO at TaxBit. Former SVP, Chief of Staff to the CEO at Intuit.
  • Daniel Kluesing: VP of Product at TaxBit. Former Product Manager at Stripe.
  • Simon Frey: VP of Customer Success at TaxBit. Former Head of Services, Americas.