With the help of Rahul Pagidipati, CEO of ZebPay, Nischal Shetty, CEO of Shardeum and Founder of WazirX, Ashish Singhal, co-founder & CEO of CoinSwitch, and Ajeet Khurana, CEO of Reflexical, TaxNodes, a platform for crypto tax computation and ITR filing, has raised $1.6 million in a seed funding round.
According to a press release from TaxNodes, the funds will be used to streamline tax computation and offer comprehensive solutions for people navigating the complexities of crypto taxation.
The company is creating an AI-assisted tax advisory model for people and businesses to provide control and compliance using a large language model that is similar to the GPT. TaxNodes claims that since its inception, the number of its customers has increased five times month over month.
TaxNodes is also committed to assisting cryptocurrency users in adhering to tax laws and has recently announced partnerships with exchanges like ZebPay, WazirX, and Giottus.
Additionally, the platform aims to assist cryptocurrency exchanges in strengthening internal controls and automating accounting and reconciliation.
