TaxBit: Raises $5M In Seed Funding
- The round saw participation from Winklevoss Capital and Dragonfly Capital Partners, among others
- TaxBit says it also aims to grow its customer base in the U.S. and globally
- The inquiry brought several thoughts to mind as many believed that the tax agency is planning on levying taxes on crypto-related transactions
- The company intends to use the funds to further enhance its products and accelerate customer growth
- The U.S. Internal Revenue Service (IRS) has also been vocal about accurately reporting cryptocurrency taxes
- TaxBit’s tax center suite facilitates tax compliance for enterprises and their users through a technology driven platform
