Tactic, a NYC-based crypto accounting platform for businesses, secured $2.6m in funding.
The round was co-led by Founders Fund and Ramp, the finance automation platform, which recently announced its own fundraise at a $8 billion valuation. Tech investors including Elad Gil and Dylan Field also participated in the funding.
Led by Ann Jaskiw, founder and CEO, Tactic is tackling the problem of accounting for a business’s cryptocurrency holdings and on-chain activity by aggregating data across disparate sources to give businesses a full treasury view of their balances and activities. The platform helps companies automatically categorize transactions and apply accounting logic such as calculating $USD gain/loss and taxable events. Accountants can then reconcile a business’s crypto-subledger to traditional accounting software.
The company works with existing custody solutions including Gnosis Safe and traditional financial software like QuickBooks.
Since launching in 2021, Tactic has signed up dozens of customers, ranging from early stage startups to billion-dollar enterprises across industries including NFTs, protocols, and DeFi. The company is designing its platform to work with businesses that have hundreds of thousands in transaction volumes per month, which existing solutions are unable to handle.
FinSMEs
05/05/2022