Painless1099

b2b fintech

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50 VISITORS | 121 VIEWS

FOUNDING YEAR: 2015

LOCATION:

United States

REGION:

New York

Last Update:
22 Oct, 2019

Description

Painless1099 provides tool for independent contractors, freelancers, and others looking to save money for taxes. It automatically withholds taxes based on user information and then deposits what is safe to spend directly to a user’s personal checking account, and helps set up a SEP IRA to hit retirement goals, and sets some money aside for a rainy day.

FOCUS

PRODUCTS & SERVICES:

Automated tax savings platform for contractors. It helps enterprises (small or large) and independent contractors to save for taxes by centralizing all paperwork, faster onboarding, and simplifying payments.

REVENUE MODEL:

Viewable by subscribers only

EXISTING PARTNERSHIPS:

The company has partnerships with banks and others including Lincoln Savings Bank, AirBnB, Etsy, BHHS, etc.

PEOPLE

FOUNDERS:

Justin Kauszler, Ace Callwood, Matthew Russo

NUMBER OF EMPLOYEES:

1-10

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$145 K

DATE OF LAST FUNDING:

May 2016

SEED & PRIOR FUNDING:

$145 K

SEED CLOSED ON:

May 2016

SEED PRIOR FUNDING COMMENT:

An undisclosed seed fund was raised in May 2016.

LISTED:

LATEST RESEARCH

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