Kintsugi, a Silicon Valley-based startup automating sales tax compliance for small and medium-sized businesses using AI, has secured $18 million in new funding. The round was led by Vertex, a global leader in indirect tax technology, which also acquired a 10% equity stake and entered a strategic revenue-sharing partnership.
Founded in 2023, Kintsugi integrates directly with platforms like Shopify, Stripe, and QuickBooks to automate tax calculations and filings across 171 countries. CEO Pujun Bhatnagar said the company aims to make compliance as seamless as Stripe made payments. With $3 million in 2023 revenue and 2,400 customers, Kintsugi will use the new capital to expand globally and scale its low-cost, high-efficiency platform.
Featured image: Credit: Kintsugi
