#United States #San Francisco #Tax Automation #Sales Tax #Kintsugi AI

Kintsugi AI Celebrates a Year of Milestones

Kintsugi AI, a forward-thinking tax automation platform based in San Francisco, recently announced a year full of significant achievements that has established it as a frontrunner in the tax management solutions sector. The company is renowned for its innovative approaches to streamline sales tax compliance, ensuring businesses can navigate the complexities of tax obligations with ease.

A Year of Remarkable Growth

In the year 2024, Kintsugi AI managed to secure a total funding of $10 million from an impressive list of investors. This robust financial backing includes names like Airwallex, General Catalyst, GSR Ventures, WestWave Capital, Link Ventures, Venture Highway, KyberKnight, Plug and Play, and DeVC. Such investment speaks volumes about the confidence stakeholders have in Kintsugi's vision and mission.

In terms of performance metrics, Kintsugi saw an astounding average growth rate of 87% month over month, quickly rising from zero to a million dollars in Annual Recurring Revenue (ARR) within a mere six-month timeframe. Such rapid expansion is not merely luck; it stems from Kintsugi's relentless focus on innovation and customer satisfaction.

Expanding Horizons

Kintsugi's growth has transcended U.S. borders, having recently launched a sales tax compliance tool specifically for businesses in Canada. This new service is aimed at assisting Canadian companies in managing their unique tax liabilities. Furthermore, Kintsugi is preparing to make a significant leap into the European market, with ongoing efforts to meet EU sales tax requirements. The company is on track to launch its services in Europe by the first quarter of 2025, showcasing its commitment to servicing global businesses.

A Commitment to Team Growth

Kintsugi has also demonstrated exceptional commitment to team building and development. Starting the year with only 10 employees, the company now boasts a workforce of 80 talented individuals, all dedicated to redefining sales tax compliance. This remarkable growth reflects the company's vibrant culture and its vision to foster an environment that encourages talent and innovation.

Accolades and Recognition

As a testament to its success, Kintsugi's application has emerged as the highest-rated Shopify app for sales tax, a crucial milestone that underscores its commitment to providing valuable, user-friendly solutions. The appreciation from users affirms the platform's capability to transform a process often regarded as tedious into a seamless experience for businesses.

Celebrating Achievements

In recognition of its incredible journey and achievements throughout the year, Kintsugi's co-founders and the entire team embarked on a celebratory seven-day offsite trip to Japan. This event was not merely a celebration but also an opportunity to align their strategies for the challenges and goals that lie ahead. Co-founder Pujun Bhatnagar articulated the company’s mission perfectly, stating, “We were ultra-focused on improving and growing in 2024. We've built an incredibly capable team and we're genuinely appreciative of the support of our partners. As we head into 2025, we're more motivated than ever to build on this momentum and continue simplifying sales tax compliance for businesses around the world.”

The Kintsugi Future

Founded in 2022, Kintsugi AI has been on a mission to automate sales tax compliance. Its comprehensive platform encompasses various features, including real-time nexus monitoring, AI-enabled product categorization, rooftop-level tax calculations, sales tax registration, and more. The platform is designed to eliminate the stress associated with tax compliance, allowing businesses to focus on scaling up their operations instead of worrying about tax obligations.

As Kintsugi AI looks towards 2025, it remains locked in on fulfilling its mission and expanding its services globally. With its dedication to innovation, customer support, and its ability to adapt to market demands, Kintsugi continues to showcase why it’s not just a player, but a leader in the tax automation industry.