april, a FinTech company specialising in embedded, AI-powered tax infrastructure, has raised $38m in a Series B funding round.
The round was led by QED Investors, with additional backing from Nyca Partners and Team8. This latest raise brings april’s total funding to $78m.
Founded to integrate tax filing seamlessly into financial platforms, april provides infrastructure that streamlines the tax process by using AI to pre-fill forms and reduce time to file. The company’s technology combines federal and state filing into a single, intuitive process, helping partners deliver a more integrated financial experience to their users.
With this new capital, april aims to extend its reach across the financial ecosystem by embedding tax optimisation deeper into Americans’ financial decision-making. The company plans to roll out new tools for complex tax scenarios, including capital gains, retirement planning, and small business ownership, targeting high-impact use cases often overlooked by existing platforms.
Earlier this year, april achieved national e-file coverage, a milestone reached by only around ten companies. It became the first new entrant in over 15 years to achieve this status. During the 2024 tax season, april processed hundreds of thousands of returns via more than 50 partners, reaching millions of users. So far this year, the company has tripled in size, indicating a rising demand for tax services that are embedded into financial products.
april also expanded its offering beyond self-service filing by launching pro-assisted and pro-led tax filing services. This enabled partners to meet a broader range of tax needs directly within their platforms. The platform has achieved a Net Promoter Score (NPS) of over 60, and partner platforms reported refund deposit rates exceeding 98%.
april co-founder and CEO Ben Borodach said, “Leveraging an AI assisted development process, we built a compliant, national e-file platform from the ground up and made it available inside the apps Americans already use to manage their money. Now we’re extending that foundation to address a much broader range of tax needs beyond filing.”
april president and COO Raj Doshi said, “april’s technology enables our partners to incorporate tax planning and filing as part of their broader offering to deliver truly holistic solutions. It puts them front and center in one of the most important, complex dynamics of Americans’ financial lives.”
The firm’s partners are already seeing results. Wealth management platform Carry uses april to provide digital and human-powered tax planning, while Gusto leverages the platform to help variable-income workers optimise withholding—boosting take-home pay by over $1,200 a year.
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