Fintech April raises $38M Series B to simplify U.S. tax filing
The Israeli startup says it now reaches millions of Americans with faster tax filing.
Israeli fintech company April, which has developed a platform for filing tax returns in the U.S., has raised $38 million in a Series B round, bringing its total capital raised to $78 million to date. The round was led by global investment firm QED Investors, which specializes in fintech and has backed companies such as Klarna, Remitly, and SoFi. Nyca Partners and Team8 also participated in the round.
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April was founded in 2021 by Daniel Marcous and Ben Borodach. Marcous, who serves as CTO & CPO, previously served in senior roles at Waze and Google Israel. Borodach, the company’s CEO, previously led strategy at Team8 and managed the fund’s operations in the U.S. The company currently employs about 60 people at its R&D center in Israel and in offices across the United States.
April has developed a permanent infrastructure that is integrated into every financial transaction, continuously and without requiring separate user onboarding to a dedicated tax system. The platform, built on U.S. tax law, simplifies the process of filing tax returns and enables smart financial planning year-round.
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The company’s technology streamlines the filing of federal and state tax returns into a single, unified process, cutting the average time required from about 13 hours to under an hour. According to the company, its platform is now used by millions of Americans, and it manages partnerships with more than 50 organizations, having processed hundreds of thousands of filings.
Earlier this year, April received approval to operate in all 50 U.S. states, allowing it to submit tax returns electronically to both federal and state tax authorities through one authorized system.
“Leveraging an AI assisted development process, we built a compliant, national e-file platform from the ground up and made it available inside the apps people already use to manage their money,” said Ben Borodach, co-founder and CEO of April. “Now we’re extending that foundation to address a much broader range of tax needs beyond filing.”
