Prosperr.io, an artificial intelligence-powered firm providing income tax solutions, has announced the completion of its $1.55 million pre-seed funding round, which was led by Silicon Valley-based angel investor Gokul Rajaram.
Prosperr.io has launched its business-to-business (B2B) product, improved its technological and product capabilities, and expanded its sales and marketing skills with the funds raised from the fundraising round. The money is also utilized to create the business’s AI-powered tax counselor.
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Prominent Indian angel investors also participated in the round, including founders of Cred and Livspace, Ramakant Sharma, and Saurabh Jain, who serves as CEO.
Prosperr.io provides a subscription-based income tax management service that maximizes eligible tax savings and ensures compliance.
Prosperr.io provides two main products: Prosperr-FBP (Flexi Benefits Plans), a business-to-business (B2B) product that allows employers to offer non-taxable allowances, and the Super Saver Product, a business-to-consumer (B2C) solution that helps people manage and save their taxes. The business uses an AI engine to review transactions and invoices to make sure tax benefits are legitimately claimed.
The business uses an AI engine to review transactions and invoices to make sure tax benefits are legitimately claimed.
At this point in time, Prosperr has fifty employees, and by the end of this year, it hopes to have increased its annual recurring revenue (ARR) from $700,000.
About Prosperr.io
Prosperr.io was founded in March 2022 by Manas Gond & Dev Kumar, Prosperr.io provides an exclusive subscription-based offering to manage your taxes end-to-end with guaranteed maximum savings, by enabling tech products along with the personalized industry expert, with the roadmap ahead to provide pre-approved personal loans.
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