# Painless1099

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/painless1099

- Industry: Software
- Headquarters: Buffalo, US
- Website: www.painless1099.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Nov 10, 2015)
- Investors on record: 1

## About

Painless1099, Inc. is a financial technology company specializing in simplifying tax reporting and information return filings for businesses and individuals, ensuring compliance and ease of use through its innovative solutions.Painless1099, Inc. is dedicated to providing streamlined tax reporting services. Founded in 2015 and headquartered in Buffalo, US, the company has executed a total of 5 deals, with its most recent deal occurring on April 12, 2017. The latest round of funding was a Venture Debt round, raising USD 0.1 million from SixThirty, contributing to its total amount raised of USD 0.05 million. The founder, Justin Kauszler, has played a pivotal role in steering the company since its inception.Painless1099, Inc. offers a robust platform that simplifies the generation and filing of IRS forms 1099, along with other information returns, allowing users to efficiently manage their tax reporting requirements. Its services are tailored for businesses of various sizes, enabling seamless integration into existing financial systems and ensuring compliance with federal regulations.Painless1099, Inc. operates on a model that focuses on a straightforward fee structure associated with its services, allowing users to access essential tax reporting functionalities without hidden costs. The company’s strategy emphasizes user accessibility and compliance without relying heavily on traditional advertising or subscription fees.Looking ahead, Painless1099, Inc. aims to enhance its service offerings by developing new features that will be introduced in 2023, targeting higher efficiency in tax reporting processes. The company is also exploring expansion into additional markets within the US to broaden its user base by the end of 2024. The funding acquired during the recent Venture Debt round will be utilized to support these product development initiatives and market expansion efforts.

## Funding rounds

- Seed, Nov 10, 2015, $0.1M — Kapor Capital

## Investors

- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Seed