Overview

MainStreet helps businesses find and claim tax credits to maximize their savings. Using its own AI technology, the company analyzes over 200 tax credits to identify the ones that fit each client's needs. Once a business qualifies for specific credits, MainStreet manages the entire claiming process, which saves clients time and effort. Unlike many competitors, MainStreet employs a team of experts, including Certified Public Accountants and tax code specialists, to ensure compliance with IRS guidelines, resulting in a strong track record of no audits for its clients. The goal of MainStreet is to provide businesses with peace of mind regarding their tax credits, allowing them to focus on their core operations.

Simplify's Take

What believers are saying

• Growing demand for automated tax credit solutions post-pandemic benefits MainStreet.
• Increased government incentives for small businesses present opportunities for MainStreet.
• Fintech acquisitions trend enhances MainStreet's service offerings and market reach.

What critics are saying

• Integration challenges with Employer.com could disrupt MainStreet's operations.
• Strategic shifts post-acquisition may deprioritize MainStreet's core services.
• Intensifying fintech competition could erode MainStreet's market share.

What makes MainStreet unique

• MainStreet uses AI to identify over 200 tax credits for businesses.
• The company charges a flat 20% success fee upon incentive disbursement.
• MainStreet has a strong compliance record with no client audits to date.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$62.6M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:

SV Angel

Notable Investors:

SV Angel

$60,000,000

Series A

Mar 2021

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$30M

$60M

View all funding stages