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About MainStreet
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$60.9M
Headquarters
San Jose, California
Founded
2019
Overview
MainStreet helps businesses find and claim tax credits to save money. Using its own AI technology, the company searches through more than 200 tax credits to identify the ones that fit a client's needs. Once a business qualifies for these credits, MainStreet manages the entire claiming process, which saves the business time and effort. The company charges a fee for its services and has a team of experts, including Certified Public Accountants and tax specialists, to ensure compliance with IRS guidelines. MainStreet stands out from competitors by having a strong record of accuracy, with no clients audited after using their services. The goal of MainStreet is to allow businesses to focus on their growth while they take care of the tax credit process.
Simplify's Take
What believers are saying
- Growing demand for AI-driven tax solutions boosts MainStreet's market potential.
- Expansion of government incentives for green practices offers new service opportunities.
- Increased fintech and traditional financial institution collaboration opens partnership avenues.
What critics are saying
- Recent 30% staff layoffs may impact service quality and client satisfaction.
- Valuation drop from $500M to $200M suggests potential financial instability.
- Flat 20% success fee model may face pressure for more competitive pricing.
What makes MainStreet unique
- MainStreet uses AI to streamline tax credit identification and claiming processes.
- The company charges a flat 20% success fee upon incentive disbursement.
- MainStreet has a strong compliance record with no client audits to date.
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Funding
Total Funding
$60.9M
Above
Industry Average
Funded Over
2 Rounds
SV AngelIndustry standards
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↓ -2%2 year growth
↑ 3%Officials said that Main Street is partnering with the Police Department and Public Works to ensure safe and successful events for all vendors, attendees, and volunteers.
Main Street, in partnership with the Small Business Development Center, Hereford Cowork Space and the Center for Rural Innovation, will be offering a new E-Tech Startup class beginning Apr. 3.
After four years as Main Street executive director, Stacey Jeffcoat stepped down and finished her last day on Feb. 28.
Last week, Main Street announced the launch of the Main Street Micros program, a competitive grant program offered twice a year, and applications are now open.
Rick Steves, the beloved public radio and television travel host, joined Main Street to look ahead to traveling in the new year, and offer some advice for common travel concerns — including international travel, flight cancellations, inflation, and more.
There are no jobs for MainStreet right now.
Find jobs on Simplify and start your career today
About MainStreet
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series A
Total Funding
$60.9M
Headquarters
San Jose, California
Founded
2019
There are no jobs for MainStreet right now.
Find jobs on Simplify and start your career today