Mumbai based TaxBuddy recently revealed that it has secured $1 million in early-stage funding from UAE’s fund Zenith Global.
It was launched in 2019 and owned by Mumbai’s SSBA Innovations, the firm aims to offer an online tax advisory service through various subscription-based plans.
Sujit Bangar, Founder at TaxBuddy.com and Finbingo.com, said that for his company, the client always comes first and they’ve developed technology that serves the requirements of their customers. He claims that TaxBuddy is the first Fintech firm in India to automate the tax planning process.
Bangar clarifies that tax compliance and advisory services are different from other types of Fintech services. He considers that the client must feel confident and trust that their compliance requirements are being handled by a reliable service provider. He also said that his company is focused on building that trust and the technology helps them reach out to clients and address their needs.
The TaxBuddy platform delivers various filing services for income-tax purposes and good and services tax (GST), tax-saving advisory, and tax notice management services to individuals, working professionals, and businesses. These services are accessible via the TaxBuddy app and online portal.