TaxBit
TaxBit provides compliance infrastructure for digital assets, offering tax calculation, accounting, and information reporting software for cryptocurrency exchanges, Fortune 500 enterprises, and government tax authorities across 140+ jurisdictions.
- Company typePrivate
- Founded2018
- HeadquartersDraper, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What TaxBit does
TaxBit is a compliance infrastructure company for the digital economy, founded in 2018 and headquartered in Draper, Utah. The company provides automated tax calculation, accounting, and information reporting software for digital asset transactions, serving three primary customer segments: cryptocurrency exchanges and digital asset platforms, Fortune 500 enterprises handling digital assets (including payment processors, fintechs, and financial institutions), and government tax authorities requiring visibility into digital asset activity for compliance and enforcement. Individual consumers also access a self-serve platform for personal crypto tax filing.
The company's product portfolio centers on three core offerings — Enterprise Tax (automated tax calculation and 1099-DA / 1042-S generation), Enterprise Accounting (subledger accounting suite), and Government Solutions (financial crimes investigations platform) — supplemented by modular capabilities covering Global Tax Compliance (DAC8/CARF), DAC7/MRDP, Digital W8/W9, and the Taxbit AI assistant. The platform is built on a REST API-first architecture with OAuth 2.0 authentication, supporting transaction ingestion, real-time inventory tracking with lot-level cost basis across multiple disposition methods (HIFO, FIFO, LIFO, LOFO, SpecID), webhook-based event notifications (default 300 req/s), and an embedded React SDK. The platform reports having processed over $500B in digital asset transactions and generated 100M+ forms across 140+ countries and regimes.
TaxBit's revenue model is subscription-based across all segments: quote-based enterprise contracts for exchanges, fintechs, and financial institutions (priced on transaction volume and feature access); enterprise licensing for government solutions; and tiered consumer subscriptions (Plus/Pro). Distribution is primarily direct enterprise field sales with "Book a Demo" CTAs, supplemented by embedded API distribution through the Taxbit Network (integrations with Binance, OKX, Gemini, PayPal, Circle, Anchorage, BitGo, Wise, Revolut, KPMG, and others) and self-serve consumer onboarding. The company maintains SOC 1 and SOC 2 Type 1/Type 2 audits, is recognized on the Deloitte Technology Fast 500 (214% revenue growth 2021–2024), and has raised approximately $130 million+ across disclosed funding rounds including a Series B led by IVP in 2021 and strategic investment from In-Q-Tel in 2024.
TaxBit firmographics
Firmographics- Name
- TaxBit
- Legal name
- Taxbit, Inc.
- Website
- https://taxbit.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- TaxBit provides compliance infrastructure for digital assets, offering tax calculation, accounting, and information reporting software for cryptocurrency exchanges, Fortune 500 enterprises, and government tax authorities across 140+ jurisdictions.
- Ownership category
- akta.pro rank
TaxBit industry classification
Industry- Product category
- Digital Asset Tax Compliance Software
- NAICS
- Tax Preparation Services (541213), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Tax Return Filing, Processing & Assessment (BPAIADAC)
- akta.pro secondary industry
- Excise, VAT/Sales Tax & Indirect Tax Administration (BPAIADAH)
Keywords
Where TaxBit is headquartered
LocationHeadquarters
- HQ city
- Draper
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
TaxBit business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Enterprise Tax Subscription: Subscription-based pricing for enterprise customers including cryptocurrency exchanges, fintech companies, and financial institutions. The platform provides tax calculation, information reporting, and compliance solutions with tiered plans based on transaction volume and feature access.
- Government Solutions: Enterprise licensing and services for government tax authorities seeking digital asset compliance and financial crimes investigation capabilities.
- Consumer Platform: Individual consumer subscription for cryptocurrency tax tracking and form generation, with plans offering varying levels of features including CPA review and phone support.
- API Access and Integration: Enterprise API access with client credentials authentication, enabling platform integrations for transaction processing, inventory management, and tax document retrieval.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Consumer subscription plans with tax form generation |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
TaxBit product offering
Product offeringCore offering
TaxBit provides an API-first compliance infrastructure platform for the digital economy, automating tax calculation, information reporting, and regulatory filing for digital asset transactions. Its core offerings include Enterprise Tax (automated generation of IRS forms such as 1099-DA, 1042-S, 1099-K, 1099-MISC, 1099-NEC), Enterprise Accounting (subledger accounting suite), and Government Solutions for financial crimes investigations. The platform supports 140+ countries and regimes including CARF, DAC8, DAC7, and MRDP frameworks.
Product overview
TaxBit offers a unified compliance infrastructure platform for the digital economy, providing end-to-end tax and accounting solutions. The core platform consists of Enterprise Tax (automated tax calculation and 1099-DA reporting) and Enterprise Accounting (subledger accounting suite), complemented by Government Solutions for financial crimes investigations. Key modules include Global Tax Compliance supporting 140+ jurisdictions, DAC7/MRDP Compliance for digital platforms, CARF/DAC8 Compliance for crypto-asset reporting, and Digital W8/W9 for tax documentation collection. The platform integrates via REST APIs and a React SDK, with developer tools including webhooks for real-time event notifications. The Taxbit Network enables exchange partners to provide tax form generation to their users, while the CARF Regulatory Tracker monitors global framework adoption.
Differentiator
Problem solved
Functional benefit
Products and services
- Enterprise Tax
Quantifiable outcome
- 100M+ forms generated for end-users
- +3 more outcomes
Companies that use TaxBit
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles5 records
TaxBit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
TaxBit partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- BybitflagshipBybit partnered with TaxBit to enhance global tax compliance for digital assets, integrating CARF and DAC8 regulations across over 70 jurisdictions. This collaboration automates tax information reporting, simplifying processes for traders and positioning Bybit as a compliance-focused exchange.
- Mural PaycoreTaxBit partnered with Mural Pay to deploy a payments module enabling companies to integrate stablecoin payments, including invoice generation and tracking, into their operations while meeting financial reporting requirements. The partnership allows TaxBit clients to invoice customers and accept stablecoins as payment globally.
- AirwallexcoreTaxBit partnered with Airwallex to power global marketplace payments and tax reporting, enabling seamless compliance for digital commerce platforms.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
TaxBit competitors and assessment
Company assessmentDirect peers
- CoinTracker: Direct competitor in crypto tax and portfolio tracking software, serving both individual users and enterprise/tax preparer partners; explicitly benchmarked alongside TaxBit in third-party comparisons.
- CryptoTaxCalculator: Crypto tax software competitor with similar exchange coverage (400–600+ integrations) and tiered annual pricing, competing with TaxBit for individual and professional tax preparer customers.
- Koinly: Direct crypto tax calculator competitor with broad exchange and blockchain integrations and tiered consumer pricing, directly compared to TaxBit in head-to-head reviews.
- TokenTax: Crypto tax preparation and accounting platform offering CPA-assisted filings, directly overlapping TaxBit's consumer/SMB and professional services positioning.
- Awaken Tax: Cryptocurrency tax software explicitly listed alongside TaxBit in third-party competitive reviews, with comparable exchange integration breadth and tiered subscription pricing.
Broad incumbents
- Vertex Inc. Large enterprise tax compliance and determination software incumbent serving Fortune 500 customers; comparable as TaxBit's enterprise sales motion targets Fortune 500 buyers with overlapping compliance use cases.
- Wolters Kluwer (ONESOURCE): Enterprise tax and regulatory compliance suite serving multinational corporations; competes for the same Fortune 500 and multinational compliance budgets as TaxBit's enterprise platform.
- Avalara: Public tax compliance SaaS incumbent offering automated tax calculation, reporting, and filings; represents the type of scaled platform TaxBit could compete with as it broadens from crypto into adjacent information reporting regimes.
- Intuit (TurboTax / ProConnect): Mass-market tax preparation incumbent that could disintermediate TaxBit's consumer business by adding native crypto reporting; competes for the same SMB and individual tax filer segments.
Emerging players
- Chainalysis: Blockchain analytics platform with a government-focused investigations business (overlap with TaxBit's Government Solutions and Financial Crimes Investigations modules); competing for government budget on digital asset visibility.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
TaxBit social profiles
Digital presenceTaxBit compliance and trust
Trust signalCompliance3 records
TaxBit financial estimates
Financial estimateRevenue estimate
Valuation estimate
TaxBit leadership team
Management profileNumber of profiles
Profiles8 records
TaxBit funding detail
Funding detailFunding overview
Funding rounds7 records
Investors33 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TaxBit M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TaxBit
What does TaxBit do?
TaxBit provides an API-first compliance infrastructure platform for the digital economy, automating tax calculation, information reporting, and regulatory filing for digital asset transactions. Its core offerings include Enterprise Tax (automated generation of IRS forms such as 1099-DA, 1042-S, 1099-K, 1099-MISC, 1099-NEC), Enterprise Accounting (subledger accounting suite), and Government Solutions for financial crimes investigations. The platform supports 140+ countries and regimes including CARF, DAC8, DAC7, and MRDP frameworks.
Is TaxBit a public or private company?
TaxBit is a private company. It is classified as venture growth investor backed and is currently operating.
When was TaxBit founded?
TaxBit was founded in 2018. It employs 101 to 250 people.
Where is TaxBit based?
TaxBit is headquartered in Draper, United States, in the North America region.
How does TaxBit make money?
Four revenue lines are on record. Enterprise Tax Subscription is the primary driver. The others are government Solutions, consumer Platform and API Access and Integration.
Who are TaxBit's main competitors?
Direct peers on record are CoinTracker, CryptoTaxCalculator, Koinly, TokenTax and Awaken Tax. Broad incumbents are Vertex Inc., Wolters Kluwer (ONESOURCE), Avalara and Intuit (TurboTax / ProConnect). Chainalysis is listed as an emerging player.
Does TaxBit have an API?
Yes. TaxBit offers REST APIs enabling enterprises to send transactions, access inventory details, retrieve tax documents, and manage account data. The API supports OAuth 2.0 authentication with client_id and client_secret credentials. Endpoints include transaction ingestion (/v1/transactions/external-id), inventory management (/v1/inventory, /v1/inventory/summaries), gains calculations (/v1/gains, /v1/gains/breakdown, /v1/gains/summary), account management (/v1/accounts), account owner management, tax documents retrieval, webhook subscriptions, and disposition methods. Data can be ingested via API, CSV files, or SDK. The platform also offers a React SDK (Tax Documentation React SDK) for embedding tax documentation workflows directly into applications. Webhooks support real-time event notifications for TIN validation results, inventory updates, and tax form status changes, with default delivery at 300 requests-per-second. Developer documentation is at apidocs.taxbit.com/docs/getting-started.
What industry is TaxBit in?
TaxBit's product category is Digital Asset Tax Compliance Software. Its primary akta.pro industry code is BPAIADAC, Tax Return Filing, Processing & Assessment, with a secondary code of BPAIADAH, Excise, VAT/Sales Tax & Indirect Tax Administration. Its NAICS code is 541213 and its SIC code is 6199.