Painless1099

b2b fintech

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 17/07/2020

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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:

43North

Kapor Capital

Lighthouse Labs RVA

SixThirty

Techstars

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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