April simplifies the tax filing process by integrating it into existing financial applications like banking and payroll. Users can import their tax data with a single click, which saves time and reduces costs. As an IRS Authorized e-file provider, April allows clients to electronically file their tax returns securely. The company stands out from competitors by offering transparent pricing with no hidden fees, ensuring clients know exactly what they will pay upfront. April caters to a variety of tax situations, making it suitable for different clients, including parents, students, and workers contributing to retirement plans. The goal of April is to provide a straightforward and efficient tax filing experience while maximizing clients' tax refunds.

Lowell Putnam

Treasury

Team8

Eli Broverman

Jeff Cruttenden

Shai Wininger

iAngels

Euclidean Capital

Bolt

Nyca Partners

QED Capital

Atento Capital

Fintech

Financial Services

April

While death and taxes are the only guarantees in life, paying to file taxes is up there as a near certainty.According to page 107 of the 2024 Form 1040 instructions, the average cost of filing a basic federal 1040 tax return was $160 for a non-business taxpayer in 2023.In addition, the Tax Foundation estimated that total tax compliance costs — including fees, lost productivity and out-of-pocket expenses — cost American taxpayers over $546 billion each year, or 1.9% of the U.S. GDP.In a Wednesday (Jan. 8) press release from digital banking platform Chime, the company announced all new and existing members can file their federal and state taxes directly within the Chime app at no cost, bypassing the costs associated with using third-party software or traditional tax preparation services.“When Chime members e-file their taxes through Chime in partnership with [tax filing FinTechs] april and Column Tax, filing is completely free,” the release said.According to the release, “a successful pilot program” that began in 2023 led to the launch of free in-app tax filing for all Chime members.Chime’s chief product officer, Madhu Muthukumar, commented in the release: “Getting your money back from the government shouldn’t cost you money. By providing completely free in-app tax filing, we’re empowering Americans to unlock their financial progress confidently, making tax season easier and more rewarding.”Some additional highlights of the program being touted by Chime are that members can receive their federal tax refunds up to “six days early” with direct deposit into their Chime accounts and filing in “under 24 minutes.”PYMNTS reported that Chime Financial submitted a confidential filing for an IPO in December, and could possibly go public sometime this year. The company declined to comment.Another PYMNTS report focusing on this year’s FinTech IPO outlook noted that the climate seems right for several FinTech players to go public and see if investors take notice. The FinTech IPO Index is up more than 58% through the previous year

Chime To Offer Free In-App Tax Filing

The first AI-powered tax-filing product built to be embedded with financial services providers, april strengthens leadership with the appointment of Raj R.Doshi as its President and Chief Operating Officer (COO). Doshi brings over 20 years of experience in driving growth strategies and leading operations across prominent organizations including Google, TaxAct and Avantax. april has already integrated into over 20 fintech platforms, including industry leaders such as Chime, Dayforce, and Gusto. april continues to add industry veterans to its leadership roster; just last year, Christina Taylor, who previously led tax operations at Credit Karma Tax and Cash App Taxes, joined april to lead tax development and delivery. With april poised to become the first new national e-file provider in 15 years, Doshi’s focus will be to scale the company’s embedded partnership model and expand april’s reach, further solidifying the company’s position as a leader in innovative tax solutions.Prior to joining april, Doshi served as the Chief Growth and Marketing Officer at Blucora, where he co-owned revenue responsibility for TaxAct and Avantax, one of the largest DIY tax providers and a Top 10 broker-dealer respectively. Under his leadership, he created and implemented transformative go-to-market strategies, built and scaled cross-functional teams, and structured and executed complex partnerships

April Strengthens Leadership With President And Coo

NEW YORK--(BUSINESS WIRE)--april (April Tax Solutions Inc.), the first AI-powered tax filing product built to be embedded in existing financial apps, announced its 2023 filing season customer impact results, showcasing substantial time savings, convenience, and maximized refunds for filers through a self-guided process. april partnered with over 20 financial services, fintech, and payroll companies including Gusto, Dayforce Wallet, Rain, and Zenledger to extend availability of its filing product to millions of customers this season nationwide. april’s AI-driven personalized filing flow enables individuals to independently file their taxes conveniently from an app they already use - 47% of taxpayers completed filing their taxes in under an hour, the average time to complete a return was just 43 minutes, with a 58 Net Promoter Score. This tax season, april served hundreds of thousands of taxpayers and processed over tens of millions in refunds. About 95% of april users filed for free: unlike the existing players in the DIY tax software space, april worked with partners to commit to a flat fee or a 100% free filing pricing structure for all users - eliminating unexpected cost implications arising from tax situation complexity

2023 Tax Season Results From April Report Significant Savings For Filers

Over the last decade, Fintech has undergone a significant transformation and period of growth, marked by the digitization and democratization of access to financial services to more Americans. To gain insights into what the future holds, we spoke with Ben Borodach, the co-founder and CEO of april, an AI-powered tax fintech company.As we look ahead, the industry is poised for a shift towards consolidation, achieved through mergers and partnerships. This consolidation can benefit customers by potentially offering a more unified view and streamlined management of their financial landscape.Achieving this synergy demands a novel kind of collaboration, where traditional banks’ reliability and trust merge with the innovation and user-centricity of fintech companies. This blend is set to bridge service gaps and enhance the overall banking experience – as a result, we can expect customers to potentially benefit from a comprehensive suite of integrated financial services at their fingertips, tailored to meet their needs with unparalleled precision and efficiency.Ben Borodach brings to the table a rich background in financial services, cybersecurity, and technology. His experience includes providing strategic advice to some of the largest banks and insurance companies in the U.S., equipping him with a profound understanding and a forward-looking view on the convergence of traditional finance and fintech innovations.Our conversation with Ben is shared below.Crowdfund Insider: The role banks play in the lives of their consumers has shifted over the past few years. What is it that consumers have come to expect?Ben Borodach: The banking relationship has historically been quite personal – in the past, those relationships were built in person at the branch

Ben Borodach From April Discusses Why Partnerships Between Fintechs And Banks Are Crucial To Growth

TEL AVIV, Israel  NEW YORK--(BUSINESS WIRE)--Team8, a leading global fund that builds and invests in companies playing a crucial role in the digital transformation of major sectors, released a new report on the future of fintech, titled “2030 and Beyond: An Unconventional Look at the Future of Fintech.”. Prompted by the rise of genAI and other emerging technologies and trends, the report creates a roadmap for the future of fintech asking three main questions: What Won’t Change? What (Likely) Will Change? And What Could Change Everything?. The report was created by Team8’s fintech leadership team composed of experienced founders and executives at companies such as Mastercard, Bank Leumi, eToro, PayPal, and JPMorgan. In addition to outlining the 2030 vision of these industry leaders, the report features exclusive commentary and case studies from Team8 portfolio companies such as april, 40Seas, Ballerine and, Wisor, as well as key insights from other market leaders including Airwallex, Atomic, Cross River, NEXT Insurance, Orum, Panax and Unit

On The Heels Of Raising $500M In New Funds, Team8 Establishes A Roadmap For Fintech In 2030 And Beyond

Chime has expanded the availability of free access to its in-app tax filing pilot program. Following a successful pilot launch, the new tax feature is now available to millions more eligible Chime members, the banking app said in a Thursday (March 14) press release. “Offering a free and convenient way for our members to file their taxes is just one of the many ways to have our members’ backs,” Madhu Muthukumar, chief product officer at Chime, said in the release. “So far, the reception has been really positive. We’re proud to help our members get their taxes done faster and get their refunds back sooner.”

Chime Expands Availability Of In-App Tax Filing Pilot Program

TEL AVIV, Israel--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads:. JUDD CAPLAIN, FORMER GLOBAL HEAD OF FINANCIAL SERVICES AT KPMG HAS JOINED TEAM8’S FINTECH ADVISORY BOARD

Correcting And Replacing Judd Caplain, Former Global Head Of Financial Services At Kpmg Has Joined Team8'S Fintech Advisory Board

Correcting And Replacing Judd Caplain, Former Global Head Of Financial Services At Kpmg Has Joined Team8’S Fintech Advisory Board

TEL AVIV, Israel--(BUSINESS WIRE)--Team8, a unique global venture group that builds and invests in early-stage companies with deep expertise in cyber, data, fintech, and digital health, is proud to announce that Judd Caplain, the former Global Head of Financial Services at KPMG has joined Team8’s Fintech Advisory Board. Judd brings with him a wealth of experience and expertise in the field of financial technology, with more than 30 years of financial services experience. Judd was most recently KPMG’s Global Head of Financial Services, where he managed its largest global line of business, which included Banking  Capital Markets, Private Equity, Asset Management, and Insurance. In this capacity, he led a team of 50,000 employees in 150 countries across the firm's three business lines - Advisory, Tax, and Audit. Judd also led KPMG’s relationships with top global banks for several years as well as a network of governments, regulators, media, and fintech service providers in more than 40 countries. As a Fintech Advisory Board Member, Judd will provide a specialized toolkit for Team8’s portfolio companies and foundry leadership, tapping into his years of experience

Judd Caplain, Former Global Head Of Financial Services At Kpmg Has Joined Team8’S Fintech Advisory Board

SAN FRANCISCO--(BUSINESS WIRE)--Beem, the groundbreaking Super App empowering Americans to navigate financial challenges with AI, proudly unveils its transformative partnership with april, an industry pioneer in AI-powered tax software. This collaboration marks a significant step forward as Beem integrates april's cutting-edge Filer product, enhancing the tax filing experience for Beem's users directly within the platform. Recognizing the financial complexities its members face, especially those managing multiple jobs, Beem's integration of april's Filer product aims to streamline the tax filing process and eliminate hidden costs. Beem users can now effortlessly file their taxes within the Beem app, choosing to import their data for a faster filing process and skipping irrelevant questions. Akshay K, CEO and Founder of Beem, underscores the financial relief this collaboration brings, commenting, "Excessive fees for tax filing can impact the financial stability of millions of Americans. This partnership with april aligns with our commitment to simplify financial processes and empower our members to maximize their tax refunds — all seamlessly integrated into the Beem app."

April

Integrated tax filing for financial apps

April

Integrated tax filing for financial apps

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