Prosperr.io Secures Funding to Launch AI Tax Management Solution for US Individuals
TL;DR
Prosperr.io secures $1.55M pre-seed funding to launch AI tax management, gaining advantage in the competitive fintech market.
Prosperr.io's AI-powered product comprehensively manages income tax, utilizing deep-tech and personalized recommendations for users.
Prosperr.io's mission is to redefine tax management globally, helping individuals save money and achieve financial goals through technology-driven solutions.
Prosperr.io's 'Super Saver' product, powered by AI, tracks income and provides personalized tax-saving strategies, gaining traction and expanding globally.
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Prosperr.io, a leading Fintech Platform, has secured a $1.55 Million pre-seed funding round to launch an AI tax management solution for US individuals. The funding round was led by Gokul Rajaram, a prominent investor known for backing exceptional companies. Other notable angel investors also participated in the round.
Founded in March 2022, Prosperr.io offers a subscription-based product designed to manage income tax comprehensively for individuals, ensuring maximum eligible tax savings and compliance. The company plans to use the capital raised to launch the product in the US market.
"With the growing population of high tax-payers and the ever-changing complexity of income tax regulations, there's a need for user-friendly, technology-driven solutions. Our mission is to address this challenge by developing AI-powered solutions that redefine tax management and help our customers save money while achieving their financial goals. We've already seen significant traction in India market with employees of 1,500 companies using Prosperr.io." Manas Gond, CEO & Co-founder, of Prosperr.io.
Prosperr.io has launched the "Super Saver" product for the India market, an AI-powered tax management product that tracks subscribers' income and spending to provide tax recommendations. They are planning to launch the product for the US market by 2024 and are raising more funds to expand globally. The Super Saver product has gained traction with 7,000 taxpayers signed up so far, with expected annual revenues of $1 million.
Gokul Rajaram, Investor, Board Member at Coinbase and Pinterest, stated, "I'm excited to support the Prosperr team on their mission to build the best tax optimization platform for consumers not just for India but for the world. Prosperr's AI platform helps individuals and employees stay compliant while maximizing tax savings."
Prosperr.io's international expansion strategy includes a launch into the US market, with plans to develop an AI engine that supports various tax codes and jurisdictions. Dev Kumar, CPTO & Co-Founder of Prosperr.io said, "We are building a constitutional AI agent to solve tax globally. Our product philosophy is to build personalized solutions for users, and our next step is launching in the US market."
About Prosperr.io
Prosperr.io, founded in March 2022 by Manas Gond & Dev Kumar, is an AI-driven platform that simplifies tax management for individuals. The company offers products like the Super Saver and FBP Benefit to help individuals and employers streamline tax processes. Prosperr.io is committed to making tax simple through innovative AI solutions.
View source version on newsdirect.com: https://newsdirect.com/news/prosperr-io-secures-funding-to-launch-ai-tax-management-solution-for-us-individuals-689027201
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