TaxBit

TaxBit

Tax compliance solutions for digital assets

About TaxBit

Simplify's Rating
Why TaxBit is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$251.4M

Headquarters

Draper, Utah

Founded

2018

Overview

TaxBit specializes in tax and accounting solutions for the digital asset economy, focusing on cryptocurrencies. Its platform automates the collection, validation, and reporting of tax information, helping both businesses and individuals comply with changing regulations. TaxBit serves a variety of clients, including individual investors, exchanges, and enterprises, by providing a seamless tax onboarding experience. The company operates on a software-as-a-service (SaaS) model, offering subscription-based access to its user-friendly platform. This platform automates the entire tax reporting process, from onboarding to filing, and includes data analysis support. TaxBit's goal is to simplify tax compliance for clients in the rapidly evolving digital asset market.

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Simplify's Take

What believers are saying

  • TaxBit's European expansion strengthens its position in the digital asset market.
  • The new global tax reporting platform enhances TaxBit's service offerings.
  • Strategic partnerships with major crypto exchanges improve data integration and user reach.

What critics are saying

  • Increased competition from European providers like Blockpit may challenge TaxBit's market share.
  • MiCA and DAC8 regulations in Europe may require significant platform updates.
  • Investment from In-Q-Tel may lead to increased scrutiny and pressure on international operations.

What makes TaxBit unique

  • TaxBit automates tax calculations for cryptocurrency transactions, simplifying compliance for users.
  • The platform offers real-time portfolio tracking and tax optimization for crypto enthusiasts.
  • TaxBit provides a seamless tax onboarding experience for both consumers and enterprises.

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Funding

Total Funding

$251.3M

Above

Industry Average

Funded Over

4 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

2%

2 year growth

-4%
PR Newswire
Mar 25th, 2025
Taxbit Expands European Presence With Faustine Fleuret As French Executive In Residence

Strategic appointment reinforces Taxbit's commitment to regulatory clarity and digital asset adoption ahead of the Digital Accord Summit in Paris, April 8-9NEW YORK, March 25, 2025 /PRNewswire/ -- Taxbit , the industry leader in digital asset tax and accounting solutions, continues to strengthen its European expansion with the appointment of Faustine Fleuret as French Executive in Residence (EIR). This announcement comes as Taxbit deepens its commitment to regulatory clarity and market adoption across Europe, just one month before the Digital Accord Summit , a premier gathering of global thought leaders in digital assets, in Paris on April 8-9.Europe is at the forefront of shaping digital asset frameworks, driving regulatory clarity, compliance, and institutional engagement. With MiCA and DAC8 regulations coming into effect, the need for robust and transparent reporting solutions has never been more essential."Momentum in France has never been stronger. With established leaders like Circle and Ledger alongside cutting-edge startups like Absolute Labs, the country is defining the next chapter of digital assets. Faustine's deep expertise and passion make her an invaluable part of Taxbit's Executives in Residence program. We are honored to have her on board as we continue driving innovation and regulatory clarity worldwide."— Michelle O'Connor, VP of Global Market Expansion, TaxbitFaustine Fleuret is a recognized leader in financial regulation and digital assets

Eastern Progress
Nov 21st, 2024
Taxbit Named to 2024 Deloitte Technology Fast 500(TM) List of Fastest-Growing Companies in North America

This year, Taxbit was also honored with the Tax Compliance Solution of the Year award, named a Top 10 Startup Employer of the Year, and won the Finance Technology Award at the Global FinTech Magazine Awards.

CPAPracticeAdvisor
Nov 13th, 2024
Taxbit Unveils New Global Tax Reporting Platform

Taxbit unveils new global tax reporting platform.

WV News
Aug 7th, 2024
TaxBit Launches Industry's First Principal Market Pricing Feature for Fair Value Accounting

TaxBit launches industry's first Principal Market pricing feature for Fair Value Accounting.

Pulse 2.0
May 2nd, 2024
TaxBit: Tax And Accounting Compliance Solutions Company Raises Funding From In-Q-Tel

TaxBit, a leading tax and accounting compliance solutions provider, announced a strategic investment from In-Q-Tel (IQT) - a not-for-profit strategic investor for the U.S. national security community and America's allies.

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