Tax automation platform Kintsugi secures $10m Series A extension led by Airwallex

San Francisco-based Kintsugi AI, a tax automation platform, has announced the extension of its Series A funding round, securing an additional $10m.

The investment was led by Airwallex, with participation from existing investors GSR Ventures, WestWave Capital, Link Ventures, Venture Highway, KyberKnight, Plug and Play, and DeVC.

The funding has doubled Kintsugi’s valuation within four months and will primarily be used to strengthen its engineering team through new hires.

Founded in 2022 by Pujun Bhatnagar, Barkin Doganay, and Jeff Gibson, Kintsugi offers an innovative platform designed to simplify sales tax compliance. The platform provides real-time nexus monitoring, AI-enabled product categorisation, rooftop-level tax calculations, sales tax registration, filing, exemption certificate handling, and back-tax compliance.

Christopher Cheng, speaking on behalf of Airwallex, remarked, “We are excited to be partnering with Kintsugi, a leading innovator in the sales tax industry. Their application of AI towards tax will revolutionize how sales tax is managed and together, we aim to drive forward solutions that empower businesses to navigate the ever-evolving payments and tax landscape with ease and efficiency.”

Jeff Gibson, co-founder of Kintsugi, added, “Paying taxes is a critical part of managing and growing your business, but doing it right is complicated. Our platform takes the worry out of sales tax and lets you put your sales tax compliance on autopilot, delivering high performance, reliability, and flexibility as you scale. At Kintsugi we are changing the way the world thinks about sales tax through innovation and AI.”