This company provides an AI-powered platform for automating global sales tax compliance, covering calculation, registration, filing, and remittance across over 100 countries. The system offers real-time nexus monitoring and automated product classification to ensure accurate tax collection and audit-ready reporting. Kintsugi simplifies complex tax obligations, helping businesses avoid penalties and maintain compliance across various jurisdictions.
Funding
$12.2M 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.
APP+2Founders
Product
Problem
Calculating, collecting, filing, and remitting sales taxes across multiple jurisdictions is a complex and time-consuming process for e-commerce businesses. Errors in sales tax compliance can lead to penalties, registration delays, and significant financial losses. Many businesses struggle to keep up with changing regulations and nexus requirements, especially as they scale and expand into new markets.
Solution
Kintsugi provides a sales tax automation platform that integrates with e-commerce and accounting systems to streamline sales tax management. The platform automates nexus tracking, tax calculation, filing, and remittance, reducing compliance errors and minimizing the risk of penalties. Kintsugi monitors sales tax exposure, automates registration alerts, and offers programmatic handling of Voluntary Disclosure Agreements (VDAs) to address back tax liabilities. By automating these processes, Kintsugi enables businesses to focus on growth while ensuring accurate and timely sales tax compliance.
Target Audience
The primary target audience includes e-commerce businesses, SaaS companies, and finance and operations teams that need to automate sales tax compliance and reduce the risk of errors and penalties.
Features
- Automated sales tax calculation based on location and product categorization
- Real-time nexus monitoring to track tax obligations across jurisdictions
- Automated registration alerts to ensure timely compliance in new markets
- Filing and remittance automation for accurate and on-time tax payments
- Programmatic handling of VDAs for streamlined management of back tax liabilities
- Integration with e-commerce platforms such as Shopify
- Integration with accounting software such as QuickBooks
- Comprehensive audit capabilities to identify and address sales tax exposure