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april

Category: AI in Fintech

An AI-powered tax platform that provides embedded tax solutions for financial institutions, enabling them to offer tax filing, planning, and estimation tools to their customers. april was founded in 2021. The company is led by Ben Borodach. Based in New York, New York, USA. Team size: 51-200. Total funding raised: $78 million. Latest round: Series B, $38.0M, 2025-07, led by QED Investors. Key investors include QED Investors, Nyca Partners, Team8, Treasury.

AMW Analysis

april is an AI-powered tax platform founded in 2021 and based in New York that provides embedded tax solutions for financial institutions. Rather than building a standalone consumer product, the company positions itself as infrastructure, letting banks and other financial apps offer tax filing, planning, and estimation tools directly within their existing platforms. Its stated value proposition centers on translating the complex tax code into a mobile-first, user-friendly experience that fits into financial apps people already use, targeting the embedded-finance segment of AI in fintech.

The company has raised a total of $78 million to date. Its most recent round was a $38.0 million Series B closed in July 2025, led by QED Investors, with participation from existing backers Nyca Partners, Team8, and Treasury. The repeat involvement of these investors across funding stages indicates continued backing from a consistent investor group. Public information on april's operations remains limited to its funding history and core product description, with no additional company-specific developments available in current tracked news coverage.

AMW analysis, generated from 5 tracked news signals.

Founded
2021
Headquarters
New York, New York, USA
Team size
51-200
Total funding
$78 million

Value proposition

To simplify the tax filing process by translating the complex tax code into a user-friendly, mobile-first experience, and seamlessly embedding it into financial apps that people already use.

Products and solutions

Tax filing (DIY and expert/pro-assisted), Tax planning, Tax estimation / real-time equity tax calculator, Data & Insights (incl. client-authorized IRS tax transcripts), Integrated Tax Platform for wealth management

Unique value

april's uniqueness lies in its AI-powered engine that personalizes and simplifies the tax experience. Its embedded, mobile-first approach differentiates it from traditional standalone tax software by meeting users within the financial apps they already trust.

Target customer

Financial institutions, including fintech companies, neobanks, and investment platforms, that want to offer tax services to their end-users.

Industries served

Financial Services, Fintech, Banking, Investment Platforms

Technology advantage

The core technological advantage is an AI-powered tax engine that can interpret the 70,000+ page U.S. tax code and translate it into an easy-to-use interface. The business advantage comes from its B2B2C model, which facilitates rapid scaling by partnering with established financial institutions to reach a large, existing user base.

How they differentiate

April differentiates by offering an embedded, AI-powered tax engine that integrates directly into financial platforms (B2B2C model), rather than being a standalone, direct-to-consumer product. It provides white-label tax solutions for banks, fintechs, and other financial institutions.

Main competitors

Intuit TurboTax, H&R Block, Column Tax

Key partnerships

Propel, Gusto, PayPal, Robinhood, Acorns, OnePay (Walmart), Compound Planning, Freedom Debt Relief, Tongo, Nasdaq Private Market, Savvy Wealth

Notable customers

Propel, PayPal, Robinhood, Acorns, OnePay (Walmart), Compound Planning, Freedom Debt Relief, Tongo, Nasdaq Private Market, Savvy Wealth, Gusto

Major milestones

Closed a $38M Series B funding round., Launched AprilPro for taxpayers with more complex financial situations., Developed an AI-powered engine to translate the 70,000+ page U.S. tax code into a user-friendly experience., Successfully launched its embedded tax platform in 2022., Became first new company in 15 years to secure national e-file coverage across all 50 states (early 2025)., Launched Integrated Tax Platform for wealth management firms (Feb 2026)., Secured major partnerships with PayPal, Robinhood, Acorns, and Walmart's OnePay (Jan-Feb 2026)., 2026 tax season: ~4M taxpayers reached, 1.4M+ returns filed, ~$2B refunds/payments; 8th-largest U.S. online tax provider (mid-2026)., Expanded Integrated Tax Platform with client-authorized IRS tax transcript data for RIAs/wealth firms (Aug 2026).

Growth metrics

In the 2026 tax season: reached ~4 million taxpayers across 50+ partner platforms, filed 1.4M+ federal/state returns, processed ~$2B in refunds/payments; ranked 8th-largest online tax provider in the U.S. NPS ~76. Continues partnerships with PayPal, Robinhood, Acorns, OnePay (Walmart), Gusto, Nasdaq Private Market.

Market positioning

April is positioned as a technology provider for other financial companies, enabling them to offer tax filing and planning services to their own customers. It focuses on automating the tax process by pulling data from various financial sources, aiming to make tax filing a continuous, year-round process rather than a once-a-year event.

Geographic focus

United States

Patents and IP

Information not publicly available.

About Ben Borodach

Ben Borodach started his career at Deloitte Consulting, advising major US banks on financial services, cybersecurity, and technology. He later co-founded and incubated several cybersecurity and fintech businesses that were acquired by companies like PayPal and Bitsight. Before founding april, he was a fintech strategist and helped scale the venture capital firm Team8 Group. His work has consistently focused on the intersection of finance and technology, leading to the creation of april to innovate the tax experience for Americans.

Latest news about april

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