Taxbit Inc.
Headquarters
Draper United States
About us
To enable digital assets for the global economy by making compliance effortless.
Founded in 2018 by CPAs, tax attorneys, and software developers, TaxBit creates AI-enabled compliance infrastructure for the digital economy. The platform automates tax reporting and accounting for digital assets across 70+ jurisdictions, serving Fortune 500 companies, crypto exchanges, financial institutions, and government agencies including the IRS. With over 100 million forms generated and $500+ billion in digital asset transactions reconciled, TaxBit has become the go-to compliance partner for enterprises navigating complex regulatory requirements. Teams are distributed across New York City, San Francisco, Seattle, Salt Lake City, and Europe, with the company valued at approximately $1.5 billion.
Products
TaxBit's enterprise platform automates end-to-end tax compliance for digital assets and traditional finance. Core offerings include the Enterprise Tax Suite for IRS Form 1099 generation, W-8/W-9 collection, and automated filings across global jurisdictions. The Enterprise Accounting solution integrates with existing ERP systems for digital asset reconciliations and financial reporting under FASB and IFRS guidelines. Government Solutions help agencies track digital asset activity and investigate financial crimes. The API-first platform supports real-time integration into customer workflows and existing financial systems.
Funding
TaxBit has raised approximately $251 million across multiple rounds, reaching unicorn status with a $1.5 billion valuation. Key funding includes a $100 million Series A in January 2021 and a $130 million Series B in August 2021. Notable investors include Paradigm, Tiger Global, Insight Partners, IVP, Coinbase Ventures, PayPal Ventures, and Ribbit Capital. The company reported $25.2 million in annual recurring revenue in 2024, up from $8.5 million earlier that year, and was recognized on the 2025 Deloitte Technology Fast 500 list for 214% growth.
Recent news
In November 2025, Taxbit launched its new Global Digital Platform Reporting Tool to streamline tax reporting for the gig economy and help businesses meet jurisdiction-specific compliance requirements.
Technology
Built primarily on AWS using services like IAM, VPC, EC2, S3, and Lambda for cloud-native infrastructure. Python drives backend development and automation, while Infrastructure-as-Code is managed through Terraform and AWS CDK. The platform features React-based integration layers with developer-friendly SDKs and real-time APIs. Security is embedded throughout CI/CD pipelines with comprehensive logging, monitoring, and security analytics platforms. DevSecOps practices ensure automated testing and deployment while maintaining enterprise-grade security controls and threat detection capabilities.
Benefits
TaxBit offers competitive cash compensation plus equity (RSUs), with 100% health insurance premium coverage for employees. The hybrid work model requires three days in-office with two days remote flexibility. Benefits include unlimited discretionary PTO, paid parental leave, fertility support, and a modern 401(k) plan. Professional development is supported through annual learning stipends up to $500 for certifications and training. Wellness benefits provide up to $500 for fitness expenses. Office perks include weekly team lunches, and the culture emphasizes autonomy, cross-timezone collaboration, and mentorship opportunities.