#United States #San Francisco #Tax Automation #Kintsugi AI #Vertex Inc.

Kintsugi AI Secures Strategic Investment from Vertex Inc.

Kintsugi AI, renowned as a leader in the tax automation sector, has announced a pivotal investment from Vertex Inc., a major global provider of tax solutions. This strategic partnership is set not only to accelerate the development of Kintsugi's innovative platform but also to expand its presence in markets across the United States and internationally.

Streamlining Tax Compliance

Launched as a disruptor in the tax automation industry, Kintsugi’s platform has gained traction by simplifying an otherwise complex landscape. Users can expect a remarkable reduction in tax preparation time—up to 75%—and a substantial 50% decrease in compliance costs when compared to traditional practices. This is made possible through Kintsugi's agile AI-driven technology that integrates seamlessly with revenue platforms such as Stripe and QuickBooks. By automating core processes involved in tax calculation, filing, and compliance monitoring, the platform promises a stress-free experience for businesses grappling with diverse regulatory environments.

Pujun Bhatnagar, CEO of Kintsugi, expressed his enthusiasm about the collaboration: “Partnering with Vertex, a trusted giant in tax technology, enhances our credibility and will significantly speed up our product roadmap. This provides us the leverage to grow both domestically and on the global stage.”

Capitalizing on a Growing Market

The backing by Vertex aligns perfectly with the current demand from businesses striving for more economical and effective solutions for tax management. Finance leaders and tax professionals face escalating complexities amid evolving regulations, making Kintsugi’s offerings indispensable. Chirag Patel, Chief Strategy Officer at Vertex, noted, “Kintsugi’s AI-enhanced platform offers vital support to small and medium-sized e-commerce ventures by easing the burdens of tax compliance while improving control over tax-related risks.”

Vertex’s investment is a testament to its belief in Kintsugi’s potential in redefining tax technology for future generations. The funds will not only enhance the company’s groundbreaking mail monitoring system but also broaden its integration capabilities, focusing on support for international markets such as Canada and various European territories.

Despite rapid growth, Kintsugi remains committed to delivering outstanding customer service and maintaining straightforward pricing models—two key factors that differentiate them in a crowded marketplace.

The Future of Tax Automation

As businesses increasingly seek streamlined solutions to navigate tax obligations, the ever-evolving landscape of tax automation is projected to experience significant growth. With its innovative approach and fresh capital, Kintsugi is excellently positioned to capture a larger market share while continuing to provide cutting-edge solutions.

To conclude, Kintsugi AI offers a robust platform capable of transforming tax management. They achieve this through unparalleled integration of artificial intelligence and client-centric values aimed at fostering efficiency in tax compliance processes for e-commerce and SaaS businesses alike.

For more information on Kintsugi and its innovative solutions, visit www.trykintsugi.com.

About Kintsugi

Kintsugi specializes in providing advanced tax automation services leveraging artificial intelligence to streamline complex tax workflows. By offering transparent pricing and superior customer support, the company aims to revolutionize compliance for e-commerce and SaaS companies.

About Vertex Inc.

Vertex, Inc. stands as a premier global provider known for its expertise in indirect tax solutions. With a ticket to navigate the world of compliance, Vertex tailors its offerings across diverse sectors, facilitating businesses' growth with trust and efficiency.

For more details, visit www.vertexinc.com.