TaxNodes, a crypto tax computation and ITR filing platform secured seed funding of USD 1.6 million amidst the challenging funding winter. In this round, Rahul Pagidipati, CEO of ZebPay, Nischal Shetty, CEO, Shardeum and Founder of WazirX, Ashish Singhal, Co-Founder and CEO, CoinSwitch and Ajeet Khurana, Founder of Reflexical, have invested in the company founded by Avinash Shekhar, a chartered accountant and former CEO of one of the oldest Crypto Exchanges.

TaxNodes intends to utilise these funds to bolster its mission of simplifying tax computation and providing end-to-end solutions for individuals navigating the complexities of crypto taxation. The company is developing an AI-assisted tax advisory model for individuals and corporates to provide control and compliance using GPT-like Large Language Model.

TaxNodes has recently announced partnerships with crypto exchanges like ZebPay, WazirX and Giottus and is focused on helping crypto users to comply with tax laws. TaxNodes will also help Crypto exchanges to increase their internal controls and automate reconciliation and accounting.

Commenting on the development, CA. Avinash Shekhar, Founder & CEO, TaxNodes said, ”We are thrilled to have successfully completed our seed funding round and delighted to see that seasoned leaders from the crypto ecosystem are placing their trust in TaxNodes. This funding will enable us to provide a complete solution for crypto natives making it easier for them to handle their tax obligations. With our advanced tax computation engine, a team of seasoned crypto experts, and a full-stack solution, we aim to simplify the complexities of crypto taxation and filing, ensuring accuracy, compliance, and peace of mind for our users.

Furthermore, this investment will propel our research and development efforts to create innovative products that cater to crypto exchanges, investors and Finance professionals, including Crypto auditors.