TPS Unlimited

TPS Unlimited, Inc.Founded in 2013 in Woburn, US, TPS Unlimited, Inc. specializes in automating sales tax compliance.93 mn.S.TaxJar's core product offering is a cloud-based sales tax compliance platform designed to automate the entire sales tax lifecycle for businesses across various industries. This platform streamlines calculations, nexus tracking, reporting, and filing processes, thereby addressing the complexities businesses face in managing sales tax compliance. TaxJar's services are particularly beneficial for multichannel sellers, enabling them to expand into new markets while handling sales tax efficiently. The platform serves over 20,000 businesses, including retailers, food and beverage companies, medical services, and software as a service (SaaS) providers, primarily in the United States and select international markets.TaxJar's revenue model is structured around subscription-based services tailored for businesses that require assistance with sales tax compliance. Clients subscribe to various plans that grant access to the platform's suite of features, including real-time calculations and automated filing, with a specific focus on eliminating the administrative burdens associated with sales tax. For users on a paid plan, TaxJar offers additional services such as state sales tax registration, priced at USD 299 per state where nexus thresholds are met. By catering to both small businesses and mid-market enterprises, the company positions itself as a critical partner in managing sales tax obligations.In April 2021, TPS Unlimited, Inc., enabling Stripe to broaden the range of tools available to online businesses. This acquisition is expected to support the integration of new features into TaxJar's platform, enhancing its capabilities. The company is focused on expanding its services into international markets, particularly targeting Canada and Europe by the end of 2023. effectively meets the evolving needs of its clients.

1. Series A

   Dec 1, 2018

   Amount

   $59M

   Investors

   Locked

2. Seed

   Jun 1, 2014

   Amount

   $2M

   Investors

   Locked