Mumbai FinTech TaxBuddy.com secures $1mn from Zenith Global

By Megha Bhattacharya

Mumbai-based FinTech startup TaxBuddy.com has secured $1 million in early-stage funding from UAE-based fund Zenith Global. The funds raised will be used to boost market outreach for the company’s products and enhance its customer experience.

Sujit Bangar, Founder of the Indian FinTech TaxBuddy.com, said, “This has been possible because of the optimum use of technology for services to clients. For us, the client comes first, and we fit technology to the needs of the clients — what we call ‘human technology.’ Perhaps, TaxBuddy is the first in India to automate tax planning and notice management.”

“Tax compliance and advisory services are distinct from other fintech services. The user needs to feel confident and trust that his compliance is in safe hands. Our people build that trust and the technology help us reach out to customers and expand the user base with zero concession on efficiency,” Sujit added.

TaxBuddy.com is an Indian online tax adviser that offers for first-time, subscription-based plans of tax advisory. It provides filing services for income-tax and GST, tax-saving advisory and even ‘tax notice management services.

Rushabh Shah, CFO, Fund Zenith Global, said, “TaxBuddy is leveraging technology for automating tax advisory, which is way beyond tax return filing. Therefore, TaxBuddy is well-positioned to lead digital tax advisory space, and this makes them confident about the way forward.”