April taps AI to help personalize and autofill tax filings – TechCrunch
Summary
After a quick review, April crunches the numbers and generates filing documents.Aprils main goal is to empower the taxpayer, Borodach said. The shift to digital has also increased the number of taxpayers adopting digital-first solutions, moving them away from brick-and-mortar tax preparers. Borodach claims the company has commitments of tens of thousands of tax filings ahead of next year, which was apparently enough to convince VCs to invest. April today closed a $30 million Series A funding round led by Treasury with participation from QED, Nyca Partners, Team8, Euclidean Capital and Atento Capital, bringing the startups total raised to $40 million.It doesnt hurt that funding for fintech startups was on the rise prior to the current economic headwinds. But as my colleagues Alex Wilhelm and Mary Ann Azevedo recently wrote, the pace of fintech investing has generally outshone the global VC boom.Since its launch earlier this year, April has helped several thousand American taxpayers file their taxes in an average of 15 minutes, helping them access millions in refunds, Borodach said.
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