Mumbai based tax advisory platform, TaxBuddy has raised $1 million in its early-stage round funding from UAE based Venture Fund, Zenith Global.
“The company will use the fresh capital for expansion of user base, marketing, and for development of product,” TaxBuddy in its statement said.
Launched in 2019, SSBA Innovations PVT Ltd, TaxBuddy offers solutions on taxes for individuals, professionals, and businesses.
Commenting on the funding, Sujit Bangar, Founder of TaxBuddy, said, “This has been possible because of optimum use of technology for services to clients. For us, the client comes first and we fit technology to the needs of the clients — what we call ‘human technology’. Perhaps, TaxBuddy is the first in India to automate tax planning and also notices management.”
A former IRS officer and Harvard Business School alumnus, Bangar believes this funding will help TaxBuddy lead the personal and small business financial space in India in the near future.
Adding to the statement, Bangar further said, “Tax compliance and advisory services are distinct from other fintech services. The user needs to feel confident and trust that his compliance is in safe hands. Our people build that trust and the technology helps us reach out to customers and expand the user base with zero concession on efficiency.”
