SaaS Company Prosperr.io Bags $1.55 Mn In Pre Seed Round
Prosperr.io offers a Super Saver Product for individuals to plan and save taxes, and Prosperr-FBP for employers to provide non-taxable allowances
Artificial intelligence (AI)-driven fintech SaaS company S bagged USD 1.55 million in a pre-seed round led by Gokul Rajaram, an angel investor and a board member at Pinterest and Coinbase.
Vinodh Bhat (President and Co-founder, JioSaavn), Ramakant Sharma (Founder, Livspace), Kunal Shah (QED Ventures, and Saurabh Jain (CEO, Livspace), among others, also participated in the funding round.
As per the company, it plans to use the funds to develop its AI-first tax advisor. The company, founded in 2022, provides subscription-based services designed to manage income taxes comprehensively for salaried individuals. Moreover, it aims to reach five million paid users and an annual revenue of USD 100 million by 2028.
Prosperr.io offers a Super Saver Product for individuals to plan and save taxes, and Prosperr-FBP for employers to provide non-taxable allowances.
The company plans to launch a financial advisory product for individuals and improve the AI agents of Prosperr-FBP to have a global impact, according to Kumar.
As of 31 December, 2023, 81.8 million income tax returns (ITR) were filed for the AY 2023-2024, marking a 9 per cent increase from the 75.1 million ITRs filed by 31 December, 2022.
Prosperr.io competes with cloud-based taxation and financial solutions Clear, app-based taxation services platform JJ Tax, and online tax management and filing platform Quicko, according to Tracxn.
