Inkle Raises $1.5M in Pre-Seed Funding

Inkle, a global tax and accounting SaaS startup based in Bengaluru, India and headquartered in Delaware, USA, raised $1.5m in pre-seed funding.

Picus Capital, Saison Capital and Force Ventures participated in the funding round. 

The company intends to use the funds to expand operations and its business reach.

Co-founded in late 2021 by British entrepreneur Anand Krishna, and Ranvir Singh, who joined him in 2022, Inkle provides a SaaS software platform to enable US companies created by overseas founders to handle bookkeeping, tax, and compliance filings. 

The full-stack software and collaborative features creates a scalable, on-demand and affordable back office for global companies. It is powered by experienced independent US-licensed, India-based CPA teams with decades of global accounting and tax experience.

Customers can manage and track their filings from anywhere. The platform offers asynchronous human chat with bookkeepers and CPAs and clear dashboards with deadline alerts, team collaboration, secure corporate document vault, and transparent billing. Inkle’s newly launched bookkeeping ledger – Inkle Books – fills a glaring gap by synching to bank feeds on one side and recognised accounting softwares on the other.

The company is now expanding into new corridors such as US-Canada, US-LATAM and new sectors such as crypto taxes. Customers include tech companies such as Salesken, Mailmodo, Zoko and DriveTrain.

FinSMEs

06/02/2023