Discover top fintech news and events!
Subscribe to FinTech Weekly's newsletter
Read by executives at JP Morgan, Coinbase, Blackrock, Klarna and more
April Raises $38 Million to Scale AI-Powered Tax Platform in the U.S.
April, an Israeli fintech company operating in the United States, has announced a $38 million Series B funding round. The investment was led by QED Investors and included participation from Euclidean Capital, iAngels, NYCA, Team8, Transpose, Treasury, and new investor Industry Ventures.
The company develops an artificial intelligence-based tax management platform designed to integrate with financial applications already used by consumers and small businesses. Its core functionality includes year-round tax planning, quarterly payment tracking, and support for federal and state filing. According to the company, the technology is built to simplify and automate routine tax responsibilities for U.S.-based users.
April was founded in 2021 by Daniel Marcus, former CTO at Waze, and Ben Borodach, previously at Team8 and Deloitte. Since its inception, the company has raised a total of $78 million. The team plans to double its workforce by the end of 2026 as it scales its operations following full regulatory clearance across all U.S. states.
The company received federal and state-level approval earlier this year, allowing it to expand to full-scale deployment nationwide. According to reporting by Globes, the approval makes April the first new tax technology company to secure such authorization since 2008.
An AI Approach to Routine Tax Management
April’s platform is designed to operate in the background of existing financial ecosystems. Instead of requiring users to manage tax obligations through a separate, seasonal interface, the service integrates with financial planning apps and payroll systems to provide continuous visibility into estimated tax liabilities, deadlines, and compliance obligations.
The system combines data from income streams, expenses, and relevant deductions to offer projections and automated reminders. It also supports filing processes through a unified interface intended to reduce the need for third-party software or manual entry. April says its goal is to help users shift from reactive, end-of-year tax filing toward ongoing, embedded financial management.
This model reflects a broader trend in fintech where operational features such as accounting, payroll, and tax services are embedded into platforms that serve small business owners, freelancers, and consumers managing variable income.
Regulatory Milestone for the Tax Tech Sector
The company’s full approval to operate across all 50 U.S. states is considered a significant regulatory milestone. According to Globes, no new entrant in the tax technology field has received this level of clearance since 2008. Regulatory requirements in the U.S. tax services industry are complex and often vary significantly across jurisdictions. Full compliance typically involves coordination with state-level agencies, federal standards, and security protocols for managing personal financial data.
For companies operating in this space, approval enables integration into more user channels and potentially removes barriers that would otherwise limit service availability by state. It also reflects growing recognition of automated and AI-supported systems in financial administration, particularly in high-volume, compliance-heavy areas like taxation.
Read more:
From Strategy Rooms to Codebases: Interview with Ben Borodach
Expanding in a Competitive, Compliance-Centric Market
Tax technology platforms in the United States face both regulatory and market challenges. On the one hand, digital adoption has increased across financial services. On the other, tax preparation remains dominated by incumbent software providers and services with established brand recognition and longstanding agency relationships.
April’s focus on integration, automation, and continuous engagement aims to address a different segment of the market — users who want tax planning to be part of their regular financial tools rather than a once-a-year event. Its positioning within financial platforms may help it gain traction in niches where embedded finance has become a standard approach.
The company’s founding team brings experience from global technology firms and fintech investment environments. Daniel Marcus previously served as CTO at Waze and held engineering leadership roles at Google. Ben Borodach held roles at Deloitte and Team8, where he focused on strategy and digital infrastructure projects.
