Crypto tax startup ZenLedger has closed a $15 million Series B round led by ParaFi Capital and participation from Three Point Capital.
Crypto tax startup ZenLedger has closed a $15 million Series B round led by ParaFi Capital, with participation from Three Point Capital, King River Capital, and its Series A lead investor Bloccelerate VC, among others.
ZenLedger amalgamates crypto investors' transaction information across exchanges, NFTs, DeFi, and wallets into one dashboard for tax purposes. The company said in a press release that the ongoing movement in tax enforcement has resulted in it having its most successful tax season to date — it boasts more than 50,000 users.
With the new funding, it will add products such as registered investment advisors and certified public accountants to bolster its professional offerings. "As the digital asset space matures, we expect the demand for services that help provide regulatory and tax compliance to grow significantly over the coming years. We believe ZenLedger offers one the most comprehensive crypto tax solutions in the market today and will help meet that growing demand," said Parafi Capital principal Ryan Navi in a press release.This new investment comes as numerous territories around the world begin to evaluate how to tax digital assets.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto regulation high on the agenda for Australia’s new Prime MinisterMarket observers believe that the new Prime Minister of Australia, Anthony Albanese, should prioritize addressing climate change, the rising cost... Continue reading
Read more »
12% of US Adults Used Crypto in 2021: Federal ReserveIn recent survey, the US Fed found that 12% of American adults invested in cryptocurrencies last year
Read more »
WEF 2022: PayPal looks to embrace all possible crypto and blockchain servicesCould PayPal become a blockchain powerhouse? While at WEF22, vice president Richard Nash said the global payment giant is looking to bring all possible blockchain and cryptocurrency integrations to its services. (Reporting via coindanslecoin)
Read more »
GameStop now has its own wallet for crypto and NFTsGameStop’s new wallet is available as a browser extension.
Read more »
World Economic Forum is taken over by crypto firms promoting rapid adoptionDespite the cryptocurrency market undergoing a turbulent moment, enthusiasts of digital assets are dominating the 2022 World Economic Forum meeting... Continue reading
Read more »
Crypto remittances must have allure of cash without regulatory constraints — Jeremy AllaireWhen it comes to remittances, cash is still king. At WEF22, Circle CEO jerallaire says digital cash systems built on the blockchain must hold the qualities of physical money without regulatory restraints in order to attract more users.
Read more »