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365 April Raises $10M for its Tax Preparation Infrastructure Platform

AlleyWatch
AlleyWatch @ AlleyWatch 1 place · 01/19/2022 12:27 EDT

April Raises $10M for its Tax Preparation Infrastructure Platform

For tax year 2020, there were 167M+ tax returns filed; 151M were filed electronically. While technology has slowly made its way into tax preparation, it’s been done largely in closed ecosystems. Further challenges include major tax preparation software providers H&R Block and TurboTax opting to recently exit the IRS’ Free File Program. Looking to capture this lost opportunity is April, a tax preparation infrastructure solution that works with banks and fintech companies to provide them with the backbone

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