We show you our most important and recent visitors news details UAE-based Zenith Global invests $1 million in India’s TaxBuddy.com in the following article
Hind Al Soulia – Riyadh – UAE-based Zenith Global invests $1 million in India’s TaxBuddy.com
News • 22 December, 2020
Read Also
- Coronavirus Impact on Global Nuclear Medicine Market Research Report 2021 – Upcoming Business Reports on Growth, Opportunities, and Many More 2021-2030 Mar 18, 2021
- A stray cat with unusual coloration has become the new star of the network Jul 9, 2020
- Maine-et-Loire: Two female drivers injured in road accident near Saumur Nov 21, 2022
- Reims: He finds a nurse to thank her for saving his wife’s life after an accident Nov 24, 2022
- In Australia found the oldest site of aboriginal Jul 17, 2020
- Ustadz Zacky Mirza Reportedly Passed Away, Wife: Not True: Okezone Celebrity Apr 20, 2021
- names, emails, phone numbers and bank accounts are already on the Dark Web May 31, 2021
Edit
Source: YourStory
TaxBuddy.com, a Mumbai-based fintech startup, on Monday raised $1 million in early-stage funding from UAE-based fund Zenith Global. According to a statement, the funds raised will fuel market outreach of TaxBuddy’s products and deepen the connection with users.
Owned by Mumbai-based SSBA Innovations Pvt. Ltd, TaxBuddy.com was launched in late 2019 as India’s online tax adviser offering for first-time, subscription-based plans of tax advisory. It offers filing services for income-tax and GST, tax-saving advisory and even ‘tax notice management services.’
Speaking about the new development, Sujit Bangar, Founder of TaxBuddy.com, said, “This has been possible because of the optimum use of technology for services to clients. For us, the client comes first, and we fit technology to the needs of the clients — what we call ‘human technology.’ Perhaps, TaxBuddy is the first in India to automate tax planning and notice management.”
“Tax compliance and advisory services are distinct from other fintech services. The user needs to feel confident and trust that his compliance is in safe hands. Our people build that trust and the technology help us reach out to customers and expand the user base with zero concession on efficiency,” Sujit added.
There are about 60 million individual taxpayers in India. Of these, most are unaware of tax-related compliances — either they get poor advice or no advice at all, the startup said.
In fact, according to the Ministry of Finance, around 94 percent of Indian taxpayers do not claim all the deductions available and end up paying higher taxes, and this is where TaxBuddy steps in.
The fintech startup claims to have become users natural choice for tax planning and tax-filing related matters.
Commenting on the investment, Rushabh Shah, CFO, Fund Zenith Global, said, “TaxBuddy is leveraging technology for automating tax advisory, which is way beyond tax return filing. Therefore, TaxBuddy is well-positioned to lead digital tax advisory space, and this makes them confident about the way forward.Read more at: https://yourstory.com/2020/12/fintech-startup-taxbuddy-raises-1million-uae-fund-zenith-global
These were the details of the news UAE-based Zenith Global invests $1 million in India’s TaxBuddy.com for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Wamda and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
