TaxBit, a crypto tax and accounting software provider, has acquired rival Tactic to expand its offerings and boost its expansion plans.
“We continue to see great demand and opportunity even during a bear market,” said TaxBit’s Austin Woodward.
The acquisition, TaxBit's first, will help expand its existing corporate accounting offering, the company announced on Tuesday. Terms of the deal weren't disclosed, but Tactic has raised over $13 million in total funding to date, its founder and CEO Ann Jaskiw told The Block. As part of the deal, Jaskiw will join TaxBit as a member of its leadership team, she added.
TaxBit was founded in 2018 and provides a single system of record for crypto tax and accounting. Tactic, on the other hand, was launched in 2021 to help companies stay on top of their accounting practices. The full integration of Tactic’s software and team with TaxBit will take place over the coming months, said Woodward.
TaxBit is backed by high-profile investors, including Paradigm and Coinbase Ventures, having raised over $235 million in total funding to date. It was
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.
Is This a Picture of Martin Luther King and a Police Dog Used to Intimidate Him?This photo was taken on June 12, 1964, after MLK's grand jury testimony in St. Augustine, Florida, following his arrest the day prior for staging a sit-in at a segregated restaurant. We couldn't find any credible sources to explain the dog's purpose.
Read more »
Voter ID proposal by Pa. GOP lawmakers is an insidious way to dilute Black political power | Solomon JonesThe Republican plan is an inherently racist tactic to reduce the number of African American voters and make the state's electorate whiter, richer, and older.
Read more »
Dr. Martin Luther King Jr.: 'Never be afraid to do what’s right' - New York Amsterdam NewsThis Monday, Jan. 16, the United States commemorates the legacy of civil rights icon Dr. Martin Luther King Jr. Although he never deviated from his philosophy of nonviolence as a passive tactic to achieve his goal of a color-blind society for his children, his views broadened as he continued to grow.
Read more »
Limp Bizkit's Wes Borland Seeks Legal Action Against Ex-Wife Over Album Review“This action is simply a tactic to bully, intimidate, and silence me,” Carré Calloway, who performs as Queen Kwong, says. “This is an attempt to financially ruin me, exhaust my physical well-being …
Read more »
New Volvo EX30: high-tech Jeep Avenger rival lands in 2023 | AutocarThe new Volvo EX30 will arrive this year as a compact electric SUV targeting young, first-time buyers with a bold design and powerful technology
Read more »
Eagles to Face NFC East Rival Giants in Divisional Round Next WeekendMatchup set. The Eagles will host their NFC East rivals the New York Giants in the divisional round of the NFL playoffs next weekend. FlyEaglesFly
Read more »