K1x, a Court Morristown, NJ-based SaaS financial technology company and provider of all-digital K-1 data aggregation and reporting for the capital markets, received $20M in funding.
The round was led by Edison Partners.
The company intends to use the funds for product innovation and business expansion.
Led by CEO John LaMancuso, K1x is a provider of a data distribution platform for alternative investment tax compliance as well as the industry standard, IRS-certified solution for seamless tax-exempt filings. The fintech company’s patented, AI-powered SaaS solution digitizes and distributes tax data seamlessly–connecting investors, accounting firms, tax software, IRS and state taxing authorities–simplifying complex processes, accelerating filings, reducing costs, and delivering greater control and accessibility.
Customers include 16 of the top 25 accounting firms and 44 of the top 100 institutional investors.
The latest financing brought the company’s total funding to $40M.
FinSMEs
26/09/2024