april raises $38m to make tax filing faster and easier

By Vriti Gothi

april, an embedded AI tax platform, has raised $38 million Series B funding round, led by QED Investors.

This latest investment brings april’s total capital raised to $78 million, underscoring strong confidence in its mission to transform tax from a once-a-year burden into an intelligent, always-on layer of financial wellbeing embedded within everyday financial interactions.

Building on significant momentum, april has rapidly emerged as an industry innovator. In early 2025, it became the first new company in over 15 years to achieve nationwide e-file coverage a milestone reached by only a select few in the market. During the 2024 tax season, april’s embedded solution was available to millions of Americans through more than 50 partner platforms, processing hundreds of thousands of tax returns. To date, the company has tripled in size, reflecting the increasing demand for seamlessly integrated tax capabilities within financial ecosystems.

april’s proprietary platform harnesses AI to unify federal and state filing into a single, streamlined flow. By securely integrating partner data, the solution automatically pre-fills forms, reducing the median time to file to just 22 minutes compared to the IRS average of 13 hours. The platform’s robust architecture supports a range of filing options, from self-service to pro-assisted and pro-led services, empowering partners to address diverse customer needs directly within their own digital environments. With a Net Promoter Score consistently above 60 and refund deposit rates exceeding 98%, april’s solution is setting new benchmarks for trust, customer experience, and operational efficiency.

april’s roadmap focuses on deepening the integration of tax into broader financial decision-making. The company has already rolled out tools to optimise paycheck withholdings and manage quarterly tax payments, and is actively developing capabilities for more complex scenarios such as capital gains, retirement planning, and small business ownership. This next phase aims to bridge critical gaps, enabling financial institutions to guide their customers through high-impact, high-ambiguity tax decisions that have traditionally been disconnected from day-to-day money management.

Leading platforms embedding april’s technology are already seeing transformative results. Carry, a fast-growing wealth management technology provider, uses april to equip clients with digital and human-led tax planning for complex scenarios. Gusto leverages april’s infrastructure to help workers with variable incomes optimise withholdings, increasing average take-home pay by over $1,200 per year. By bridging tax with everyday financial decisions, these partnerships demonstrate the broad economic value of integrating tax intelligence at scale.

With this new round of investment, april is poised to advance its vision of a fully connected, always-on tax layer empowering financial institutions to deliver seamless, proactive tax solutions that put customers’ best interests at the centre of every decision.

Ben Borodach, Co-Founder and CEO of april, said, “Leveraging an AI-assisted development process, we built a compliant, national e-file platform from the ground up and embedded it directly within the apps Americans already rely on to manage their finances. Now we’re expanding that foundation to address a wider spectrum of tax needs beyond annual filing.”

Raj Doshi, President and COO of april, said, “For too long, tax has been disconnected from clients’ primary financial relationships. Our technology enables partners to embed proactive tax planning and filing within their core offerings empowering them to deliver truly holistic financial solutions and surface actionable insights that help customers make smarter choices for their financial future.”

Adams Conrad of QED Investors, said, “april has demonstrated exceptional execution in one of the most technically and operationally complex corners of financial services. It’s rare to see a platform with the potential to fundamentally reshape how millions engage with the tax system while driving the next wave of FinTech innovation. By helping more Americans reach net-neutral tax outcomes, april’s impact will be felt not just by individuals, but across the entire economy.”