Sales tax automation startup Kintsugi doubled its valuation this year

Quick Summary:

A 2018 Supreme Court ruling eliminated the requirement that an e-commerce retailer needed a physical location in a state in order for said state to be able to collect sales tax on purchases made by residents.

While the decision was a boon for states, it created a headache for e-commerce sellers.

Kintsugi raised a $6 million Series A round earlier this year led by Link Ventures that valued it at a $40 million post valuation in April.

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Article Details

Author / Journalist: Rebecca Szkutak

Category: Technology

Markets: United StatesCanadaIndia

Topics: Fintech Meta Startups Fintech startups Sales tax Exclusive Venture capital

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 14:17:35 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 739 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © TechCrunch

News ID: 23586533

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