ADVERTISEMENT
TechEconomy
Saturday, May 31, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Kintsugi Lands $6m to Simplify Tax Compliance Using AI-powered Automation

Kintsugi Lands $6m to Simplify Tax Compliance Using AI-powered Automation

Joan Aimuengheuwa by Joan Aimuengheuwa
May 29, 2024
in StartUPs
0
Kintsugi Lands $6m to Simplify Tax Compliance Using AI-powered Automation
Kintsugi co-founders

Kintsugi co-founders

RelatedPosts

Grammarly Secures $1 Billion from General Catalyst

Grammarly Secures $1 Billion from General Catalyst

May 30, 2025

SMEDAN: ₦11 Billion Funding Mobilised to Drive SME Growth, Targets Industrial Revival

May 30, 2025

In theory, paying sales tax should be an easy task. In reality, it’s tedious, time-consuming, and one of the most complicated types of tax that businesses have to comply with. 

To make matters worse, regardless of whether it’s a startup, scale-up, or enterprise company, compliance only gets more complex the more customers and sales a business attracts across state lines. 

Helping businesses overcome this challenge, fintech startup Kintsugi AI announced today a $6m funding round (at $40m valuation) for its tax automation platform.

The series A funding round at Kintsugi AI was led by Link Ventures with participation from Venture Highway, KyberKnight, Plug and Play and DeVC along with a lineup of notable angel investors. 

The team will use the fresh funds to drive Kintsugi AI’s development of automated VAT solutions for Canada and Europe, supporting customers selling internationally.

Kintsugi Lands $6m to Simplify Tax Compliance Using AI-powered Automation
Advertisements
MTN ADS
Source: Kintsugi

“We are hyper-focused on helping more than 27M ecommerce and SaaS businesses worldwide save time and money by putting their sales tax on autopilot,” said Pujun Bhatnagar, CEO and co-founder of Kintsugi AI. 

“Tax complexity is only increasing, and without the right tools, manual processes will inevitably fail to scale. That’s where Kintsugi comes in.”

Kintsugi was founded by Stanford graduate and former Facebook machine learning engineer Pujun Bhatnagar, ex-Credit Suisse and Goldman Sachs analyst Barkin Doganay, and previous Atlassian executive and MonetizeNow CTO Jeff Gibson. 

The trio launched Kintsugi in 2021 in the aftermath of a landmark taxation case at the Supreme Court in 2018 that allowed states to require remote sellers to collect and remit sales tax. 

Due to the lack of uniformity in sales tax laws across states, the ruling amplified the complexity of an already fragmented sales tax regime. 

Manually navigating this web of tax regulations can be tedious, confusing and costly for businesses who run across multiple states, with non-compliance attracting penalties of up to 25% of the tax amount.

Kintsugi AI aims to tackle this by automating sales tax compliance with its comprehensive platform, covering real time nexus monitoring, AI-enabled product categorization, rooftop-level tax calculation and validation, sales tax registration, filing, exemption certificates handling, and back-tax compliance. 

At its core, Kintsugi verifies each transaction through its real-time database of rules, tracks economic nexus on a real-time basis, identifies the appropriate tax rates for invoicing, and at the end of the month helps with one-click remittance and filing sales tax returns in each applicable state. 

Powering this is an LLM which Kintsugi has built and trained across all sales tax regulations across 110,000 jurisdictions. 

Kintsugi Lands $6m to Simplify Tax Compliance Using AI-powered Automation
Source: Kintsugi

“Kintsugi addresses a real need; 48 percent of states rely on sales tax for a major source of revenue. Sales tax is defined and collected on a city, county and state level and performing this task manually takes hours, as does keeping track of ever-changing laws,” said Lisa Dolan, Managing Partner, Link Ventures.

“Kintsugi uses AI to make compliance fast and painless and then automates the process so companies can focus on their businesses instead of tax paperwork.”

“There are other companies that offer sales tax compliance solutions; Kintsugi’s single SaaS fee model and hands-off software management set it apart,” added Pujun Bhatnagar. 

“We’re the solution that tracks, monitors, and automates sales tax compliance end-to-end, allowing businesses to get back to serving their customers. Legacy vendors have stopped innovating in this space, and many competitors are focused only on SaaS or E-commerce, missing key aspects of handling both seamlessly.”

Looking ahead, Kintsugi is planning on further strengthening its platform and team to put sales tax on autopilot for every company, no matter where in the world they operate. 

 

Loading

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Jeff GibsonKintsugiLisa DolanPujun BhatnagarTax compliance
Previous Post

The Desire Company Secures $97M Valuation in Series B to Expand Expert-Driven Product Review Solution

Next Post

PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

Grammarly Secures $1 Billion from General Catalyst
StartUPs

Grammarly Secures $1 Billion from General Catalyst

by Joan Aimuengheuwa
May 30, 2025
0

This arrangement lets Grammarly scale aggressively without compromising its valuation or control

Read more
SMEDAN: ₦11 Billion Funding Mobilised to Drive SME Growth, Targets Industrial Revival

SMEDAN: ₦11 Billion Funding Mobilised to Drive SME Growth, Targets Industrial Revival

May 30, 2025
YC-Backed Unbound Raises $4M to Help Enterprises Embrace, Control AI

YC-Backed Unbound Raises $4M to Help Enterprises Embrace, Control AI

May 29, 2025
Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins

Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins

May 28, 2025
Swedfund Commits $10m to Boost African Climate Tech, Innovation

Swedfund Commits $10m to Boost African Climate Tech, Innovation

May 27, 2025
Kwik Parent Company Declared Bankrupt

Kwik Parent Company Declared Bankrupt

May 23, 2025
Next Post

PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.