I never thought I’d see venture capital get excited about tax season.
AI-driven tax startup April raised $38M to embed filing into fintech platforms
🧾 $38M Series B led by QED Investors brings total funding to $78M
📲 National e-file approval across all 50 states enables scale via 50+ partners
🤖 April’s AI reduces complex filings to ~22 minutes through integrated financial app APIs
April’s approach shifts tax filing from seasonal compliance to year-round financial integration.
With national e-file access, it can target the $15B U.S. tax prep market through embedded partnerships. Its AI-powered engine serves as infrastructure, not a standalone destination, streamlining filing and improving partner app retention. Embedded finance continues to expand, with AI-driven tax optimization gaining traction in wealth management.
April’s model aligns with fintech’s trend toward real-time, API-based services and platform-as-a-service models. The tax software market, led by incumbents like TurboTax, is now facing infrastructure-level disruption. TurboTax and H&R Block have brand moat and regulatory experience, making adoption of April’s approach dependent on sustained partner and consumer trust.
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