Painless1099
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About
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
The company follows monthly subscription revenue model. It charges about $8 a month.
EXISTING PARTNERSHIPS
The company has partnerships with banks and others including Lincoln Savings Bank
AirBnB
Etsy
BHHS
etc.
People
FOUNDERS
Justin Kauszler
Ace Callwood
NUMBER OF EMPLOYEES
1-10
INVESTORS:
Momentum
FUNDED
NO
TOTAL FUNDING
$816.3 K
DATE OF LAST FUNDING
Apr 2017
SEED & PRIOR FUNDING
$96.3 K
CONVERTIBLE DEBT
$720 K
PRIZE MONEY
$120 K
LISTED
NO
Innovation Programs
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