ModernTax
ModernTax is API platform that enables financial and fintech companies to access and verified IRS taxpayer records and (2) an employee financial benefits platform providing benefits teams with a comprehensive tool to automate taxable events. ModernTax answers the tax and accounting industry’s need for: 1. Connection between taxpayers and business providers 2. Accessibility of tax data and virtual tax filing services 3. Efficiency of processes for tax and accounting service providers
ModernTax
ModernTax is API platform that enables financial and fintech companies to access and verified IRS taxpayer records and (2) an employee financial benefits platform providing benefits teams with a comprehensive tool to automate taxable events. ModernTax answers the tax and accounting industry’s need for: 1. Connection between taxpayers and business providers 2. Accessibility of tax data and virtual tax filing services 3. Efficiency of processes for tax and accounting service providers
TL;DR
What they do: API platform providing programmatic access to IRS tax records and tax verification services
Products: No-code tools and APIs to retrieve IRS tax transcripts and automate tax-related verification
Founding / Leadership: Founded and led by Matthew (Matt) Parker
Size: Approximately 4 employees
Funding: Reported total funding USD 2,240,000; last funding date 2023-10-09; stage: Seed
Company Overview
Problem Domain
Tax data access, tax verification, and automation of taxable events for businesses and benefits teams.
Industry
Fintech / Tax data API
Funding Track Record
2240000.00 USD
Crunchbase lists Northwestern Mutual Black Founder Accelerator as lead for the seed round; multiple investors reported including accelerator and angel participants.
Investor Signal
“Backed by accelerator programs and multiple investors including Northwestern Mutual Black Founder Accelerator and Cap Table Coalition; individual angel investors reported (e.g., Phin Barnes).”