# Column Tax

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/column-tax

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.columntax.com
- Total disclosed funding: $27M
- Latest round: Series A (May 17, 2022)
- Investors on record: 6

## About

Column Tax provides innovative white-label tax filing solutions, integrating seamlessly into financial platforms to enhance user experiences during tax preparation, catering to diverse consumer needs.Column Tax specializes in tax filing solutions, offering services that integrate with existing financial platforms. Founded by Gavin Nachbar and Michael Bock, the company is headquartered in San Francisco, US. It has successfully raised USD 21.7 mn in Series A funding from investors including Bain Capital, Core Innovation Capital, Felicis Ventures, Not Boring Capital, and South Park Commons as of May 17, 2022.Column Tax offers a suite of white-label tax filing solutions designed to facilitate seamless tax preparation for end users directly within their existing financial platforms. Their core products include DIY tax filing and a premium Expert Review service, which cater to a diverse range of filers, from W2 employees to seasoned investors. By embedding these services in banks and financial apps, Column Tax enhances user engagement and loyalty, addressing the need for accessible and efficient tax filing processes. The company serves a broad client base, including financial institutions, fintech platforms, and independent contractors, primarily in the United States and select international markets where tax filing is a requisite. The solutions are engineered to enable a smooth user experience while ensuring compliance and accuracy, benefiting both the providers and the end users.Column Tax generates revenue through partnerships with financial institutions, leveraging a transaction-based model tied to tax filings processed through their platform. Clients, including banks and fintech companies, integrate Column Tax’s services into their offerings, enhancing their customer value propositions. Revenue is derived from fees associated with each tax filing, which vary based on the product selected, such as the DIY filing or the Expert Review service. This embedded service model drives engagement while establishing a recurring relationship as users frequently switch their direct deposit accounts to those that facilitate their tax refunds. By positioning their services as essential tools for financial management, Column Tax aligns its revenue structure with client success and customer satisfaction.In May 2022, Column Tax raised USD 21.7 mn in Series A funding to support its growth initiatives, including the development of upcoming product features and expansion into new markets. The company aims to enhance its tax filing solutions and plans to penetrate international markets, focusing on regions where tax compliance is increasing in complexity. The recent funding will be utilized to bolster product development and market entry strategies, facilitating the scaling of operations to meet growing demand.

## Funding rounds

- Series A, May 17, 2022, $22M — Bain Capital, Felicis Ventures, Core Innovation Capital, South Park Commons, Not Boring Capital
- Seed, Nov 23, 2021, $5.1M — Bain Capital, Core Innovation Capital, South Park Commons, Operator Partners

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed, Series A
- Core Innovation Capital (https://capitalatlas.ai/funds/core-innovation-capital) — Seed, Series A
- South Park Commons (https://capitalatlas.ai/funds/south-park-commons) — Seed, Series A
- Operator Partners — Seed
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A
- Not Boring Capital (https://capitalatlas.ai/funds/not-boring-capital) — Series A