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Prosperr.io lifts $1.55 million to develop its first AI-first Tax Advisor

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A new-age fintech SaaS platform for automated income tax, Prosperr.io has lifted $1.55 million in its pre-seed round directed by the key board member in Pinterest and Coinbase, Gokul Rajaram.

The funding round also registered a participation from significant angel investors such as Vinodh Bhat - President & Co-Founder, JioSaavn, Ramakant Sharma, Founder, Livspace, Kunal Shah, QED Ventures, Saurabh Jain, CEO, Livspace.

The fresh funds raised in a round will be used mainly to augment the AI-first tax advisor of the company.

Established in the March 2022 by Manas Gond, the fintech platform Prosperr.io provides a subscription-based service designed to achieve income taxes expansively for compensated individuals to ensure extreme eligible tax savings & compliances.

Prosperr.io presents two main products: Super Saver Product – B2C product that helps the individual's chart and reduce their taxes proficiently and the Prosperr-FBP – Flexi Benefits Plans that pemits the employers to deliver non-taxable payments.

In the month of April, Gokul Rajaram infused significant capital in Reelo - consumer loyalty & marketing startup. Rajaram’s portfolio includes Rocketlane, CashFlo, health-tech startup Dozee, Vance and others.

Expressing to this fundraise, the CPTO and Co-Founder of Prosperr.io, Dev Kumar says, "The growing complexity of income tax regulations and the increasing number of individuals filing income tax returns (ITR) highlight the need for user-friendly, technology-driven solutions. Our mission is to address this challenge by developing AI-powered solutions that redefine income tax management and help our customers save money while achieving their financial goals”.

“Our next step is to launch a financial advisory product for B2C users and enhance our AI-agents of the Prosperr-FBP product, amplifying the global impact. We also target to reach 5 million paid users and USD 100 million in annual revenue by 2028”, Dev Kumar added.