Remitian launches tax payment API following $7m seed raise

Remitian has raised $7m successful effect backing and launched a taxation outgo exertion programming interface (API) aimed astatine taxation bundle providers and accounting practices.

Headquartered successful Miami, Florida, US, the institution provides an AI-powered remittance motor to automate however businesses collect, wage and reconcile taxes.

In a statement, Remitian said that the caller API is designed to code the “final mile” of taxation payments.

The API lets partners embed outgo initiation, validation and confirmation wrong their existing platforms. It acts arsenic a unified entree constituent for aggregate taxation authorities, removing the request for manual entries successful slope portals.

By routing payments done a azygous gateway, Remitian said it besides aims to trim errors that tin pb to penalties.

Remitian CEO Solon Angel said: “The travel from ‘Ready to File’ to ‘Ready to Pay’ has historically been a broken, manual process.

“Our caller API allows our partners to streamline the full taxation outgo experience, providing real-time updates via webhooks and bank-grade audit logs to guarantee each outgo is tracked from commencement to finish.”

The company’s backing circular saw information from a radical of accounting and fintech executives including Ryan Lazanis, Aprio CEO Richard Kopelman and Koho CEO Daniel Eberhard.

The circular has besides seen information from Cambrian founding spouse Rex Salisbury, and the main executives of HubSync and Aiwyn.

Remitian said the superior volition beryllium utilized to turn its web of North American partners.

Targeted partners see accounting practices, wealthiness absorption firms and planetary fiscal institutions.

Angel added: “Our squad has spent much than a decennary gathering AI products for accountants.

"We are bringing that acquisition to the taxation outgo furniture truthful firms tin determination wealth compliantly, reconcile faster and service clients with confidence. We privation firms to beryllium capable to absorption connected their bottommost line, not taxation deadlines.”

"Remitian launches taxation outgo API pursuing $7m effect rise " was primitively created and published by International Accounting Bulletin, a GlobalData owned brand.

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