TaxBit
Founded Year
2018Stage
Unattributed VC - III | AliveTotal Raised
$251.36MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+1 points in the past 30 days
About TaxBit
TaxBit provides tax information reporting and crypto accounting within the financial technology sector. The company offers a platform for enterprise tax solutions, financial reporting, and compliance for digital assets, serving businesses and government entities. TaxBit's services are available for sectors including digital asset brokers, traditional financial institutions, and government agencies. It was founded in 2018 and is based in Draper, Utah.
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ESPs containing TaxBit
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The crypto accounting and taxes market refers to platforms providing accounting and tax services to individuals and businesses engaged in cryptocurrency activities, such as buying, selling, trading, and mining. These solutions include making cryptocurrency data legible to traditional tax and accounting systems. The market also addresses the need for crypto users and investors to accurately track t…
TaxBit named as Leader among 15 other companies, including Lukka, Ledgible, and CoinTracker.
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Research containing TaxBit
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned TaxBit in 3 CB Insights research briefs, most recently on Sep 29, 2022.
Expert Collections containing TaxBit
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
TaxBit is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,270 items
Blockchain
8,417 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Fintech
9,466 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
499 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Blockchain 50
50 items
Regtech
200 items
Latest TaxBit News
Apr 1, 2025
RegTech Analyst Taxbit transforms compliance with EU and OECD tax directives April 01, 2025 Taxbit has significantly expanded its platform to incorporate support for the European Union’s DAC8 directive and the OECD’s Crypto-Asset Reporting Framework (CARF). This move is set to transform the regulatory landscape for digital assets by enabling Reporting Crypto-Asset Service Providers (RCASPs) in over 65 jurisdictions worldwide to automate their tax reporting obligations seamlessly. With the new regulations set to take effect from January 1, 2026, Taxbit’s upgrade comes at a pivotal time. Michelle O’Connor, VP of Global Market Expansion at Taxbit, highlighted the importance of this development, stating, “With greater clarity around global reporting obligations, Taxbit empowers these platforms to confidently meet new requirements– through automated, secure, and scalable compliance infrastructure that unlocks seamless growth.” This expansion not only supports compliance but also fosters integrity within the digital asset economy. Erin Fennimore, VP of Tax Solutions at Taxbit, emphasized the transformational impact of their technology, “The challenge is no longer just collecting and reporting tax data–it’s about transforming regulatory complexity into operational simplicity while preserving a frictionless user experience.” Taxbit’s platform includes features like a Digital Self-Certification SDK for user tax residency verification at onboarding, an Automated Reporting Engine for CARF/DAC8 xml reports, Enterprise-Grade Security that aligns with GDPR and SOC II, and a Real-Time Insights Dashboard for comprehensive monitoring and risk management. The platform’s broad scope now covers US Information Reporting (W-9/8, US 1099s & 1042-S), Digital Asset Reporting (CARF/DAC8, 1099-DA, Digital Asset Cost Basis Engine), and Marketplaces & Gig Platforms (Digital Platform Income/MRDP/DAC7/SERR, US 1099s), providing a holistic solution for businesses navigating the complexities of international compliance and digital finance. PayPal, one of Taxbit’s notable clients, has benefited significantly from this partnership. “Working with Taxbit has been critical to PayPal’s success. Taxbit allows us to further build customer trust on multiple levels by providing ease and reliability in the new realm of digital asset trading, education, and documentation to support tax obligations,” a representative from PayPal shared, underscoring the strategic advantage provided by Taxbit’s solutions in adapting to the rapidly evolving global cryptocurrency market. Copyright © 2025 RegTech Analyst
TaxBit Frequently Asked Questions (FAQ)
When was TaxBit founded?
TaxBit was founded in 2018.
Where is TaxBit's headquarters?
TaxBit's headquarters is located at 66 East Wadsworth Park Drive, Draper.
What is TaxBit's latest funding round?
TaxBit's latest funding round is Unattributed VC - III.
How much did TaxBit raise?
TaxBit raised a total of $251.36M.
Who are the investors of TaxBit?
Investors of TaxBit include In-Q-Tel, Paradigm, Institutional Venture Partners, Haun Ventures, Ribbit Capital and 25 more.
Who are TaxBit's competitors?
Competitors of TaxBit include Cryptio, Accointing, Kryptos, BitVision, Ledgible and 7 more.
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Compare TaxBit to Competitors
CoinTracker specializes in cryptocurrency portfolio tracking and tax reporting within the financial technology sector. The company offers a platform that connects users' crypto wallets and exchanges, providing an optimized tax report and asset management. CoinTracker serves individuals and professionals in the cryptocurrency market, offering tools for compliance and financial decision-making. It was founded in 2017 and is based in San Francisco, California.
Cryptio is a company that provides accounting software for digital assets within the financial technology sector. The company focuses on GAAP and IFRS compliant reporting, internal controls for crypto data, and reconciling blockchain data with internal systems. Cryptio serves banks, cryptocurrency exchanges, stablecoin issuers, and other entities involved in digital assets. It was founded in 2018 and is based in Paris, France.
ZenLedger is a company specializing in cryptocurrency tax management and accounting within the financial technology sector. The company offers a platform that aggregates transaction information across exchanges, wallets, and tokens to simplify tax filings and financial analysis for investors and tax professionals. ZenLedger provides tools for calculating tax liability, generating tax forms, and supporting decision-making processes for crypto asset management. It was founded in 2017 and is based in Chadds Ford, Pennsylvania.
Ledgible specializes in cryptocurrency tax and accounting software within the financial technology sector. The company offers a suite of tools for tax reporting, digital asset accounting, and crypto data solutions, designed to integrate with existing financial systems and simplify the management of digital assets for professionals and enterprises. Ledgible primarily serves professionals in the tax and accounting fields, financial institutions, and enterprises managing digital assets. It was founded in 2016 and is based in Atlanta, Georgia.
CoinLedger specializes in cryptocurrency tax software solutions. The company offers a platform that simplifies the process of calculating and reporting taxes for cryptocurrency transactions, including trading, staking, and NFT activities. CoinLedger primarily serves individual crypto investors and tax professionals with tools for importing transactions, generating detailed tax reports, and tracking cryptocurrency portfolios. It was founded in 2018 and is based in Kansas City, Missouri.
Koinly is a company that focuses on providing tax solutions for cryptocurrency investors and accountants in the financial technology sector. The company offers a software that integrates with major blockchains and exchanges to calculate and report cryptocurrency taxes, simplifying the process of declaring taxes for individuals with multiple exchange accounts or wallets. Koinly primarily serves the financial technology industry. It was founded in 2018 and is based in London, England.
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