ModernTax is an API platform that provides business services companies with streamlined access to tax records, facilitating compliance and data management. By eliminating barriers to obtaining essential tax information, it enhances operational efficiency and reduces the time spent on tax-related processes.
Funding
$100K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Verifying business tax data is a slow and often inaccurate process, typically taking weeks and yielding low first-attempt success rates. Traditional methods involve complex interactions with official data sources, requiring significant manual effort and expertise. This creates bottlenecks for financial platforms, lenders, and other businesses that rely on timely and accurate tax information.
Solution
ModernTax provides an AI-powered API that streamlines access to verified business tax data, delivering results in as little as 30 minutes with a 90% first-attempt success rate. The platform automates data retrieval and validation from multiple sources, eliminating the need for manual processes and reducing the risk of errors. ModernTax's system pre-validates business details, handles interactions with data sources, and delivers actionable insights via a RESTful API. This allows businesses to quickly integrate verified tax data into their existing workflows, speeding up underwriting, enhancing financial platforms, and improving decision-making.
Target Audience
ModernTax primarily serves SMB lenders, embedded finance companies, financial platforms, and accounting firms seeking efficient and accurate business tax data verification.
Features
- AI-powered verification system for automated form preparation, submission, and intelligent data extraction
- Cross-validation of business details against multiple data sources to enhance data accuracy
- RESTful API for seamless integration with existing systems and workflows
- Webhook notifications for real-time verification updates
- Analyzed insights on business health, risk, and opportunities beyond raw data
- Bank-level encryption and SOC 2 Type II compliance for enterprise-grade security
- Comprehensive SDK and API documentation for developers