“Can one platform become the global tax information reporting layer for the digital economy — from crypto to marketplaces to payments?”
TaxBit began in 2018 as a consumer/enterprise crypto tax calculator riding the retail crypto wave. After two large 2021 rounds it pivoted decisively to enterprise information reporting infrastructure — supplying tax form generation (1099-DA, 1099-K, 1042-S, W8/W9, DAC7, CARF/DAC8) to exchanges, marketplaces, payment processors and fintechs, plus a Government Solutions arm serving regulators including the IRS. The consumer TurboTax-style product has been de-emphasized in favor of API-first B2B compliance across 70+ jurisdictions.
TaxBit uses Airwallex for FX and cross-border payouts.
TaxBit integrates with QuickBooks, NetSuite, Xero, Sage and Universal ERP (CSV/journal-entry export).
The Embedded Finance Index 2026 maps 3 layers in TaxBit's stack: FX & payouts (Airwallex); Accounting (QuickBooks, NetSuite, Xero, Sage and 1 other); Tax (TaxBit (self-operated)).
TaxBit was founded by Austin Woodward, Justin Woodward and Brandon Woodward and is founded in 2018, headquartered in Draper, Utah, United States.
TaxBit has raised $253.4M in total (latest round: Series B, 2021; valuation: $1.33B (2021)).
Get a read on where your own stack stands against TaxBit and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.