Prosperr.io Raises USD 4 Million to Tackle Global Fintech Tax Management
A fresh $4 million injection has landed on Prosperr.io’s balance sheet, signaling investor confidence in a niche that has long eluded seamless automation. The round, closed earlier this month, was led by a group of venture partners who see the platform’s AI‑driven approach as a practical answer to the tangled web of tax obligations that accompany today’s border‑less earnings. With freelancers, gig workers and multinational firms all grappling with ever‑shifting regulations, the need for a unified, real‑time solution feels acute.
The startup’s recent milestone arrives just as global financial flows become more fragmented, and compliance costs rise for both individuals and enterprises. It’s a moment that puts the company’s technical pedigree under the spotlight, especially given the founders’ engineering roots. The next step, according to the founders, is to translate that expertise into a tool that can cut through the complexity of worldwide tax rules and keep pace with the speed at which money moves across borders.
*Founded by Manas Gond and Dev Kumar, both with engineering backgrounds, Prosperr.io is addressing one of the most persistent challenges in fintech: managing taxes in an increasingly complex, global financial landscape. As individuals earn income from various sources and businesses grow cross‑border,*
Founded by Manas Gond and Dev Kumar, both with engineering backgrounds, Prosperr.io is addressing one of the most persistent challenges in fintech: managing taxes in an increasingly complex, global financial landscape. As individuals earn income from various sources and businesses grow cross-border, tax compliance has struggled to keep pace, the company said in a release. For salaried employees, Prosperr.io is developing a continuous taxation platform that aligns with users' financial objectives while identifying eligible deductions through proactive adviser engagement, it added.
Additionally, the startup provides tax-saving allowances for employees and simplifies reimbursement processes for businesses through automation and AI. "Our integrated Flexi Benefit Plan and Super Saver Plan are transforming how businesses and individuals handle tax, savings, and compliance. With 3x YoY revenue growth, this round accelerates our AI and product roadmap to serve millions with smarter, more compliant financial solutions," Manas Gond, CEO and co-founder, Prosperr.io, said in a statement.
The company has expanded its enterprise product line with an AI-driven reimbursement solution to handle the complexities of corporate tax operations. Since its last funding round in June 2024, Prosperr.io said its revenue has surged 5x, and the company has improved both B2B and B2C offerings, with 80% retention among consumer clients and 100% among enterprise clients. "Tax is one of the most under-innovated layers of financial infrastructure, and the complexity only compounds as individuals earn across multiple streams and businesses operate global workflows," said Rishab Malik, partner, Seed Investments, Jungle Ventures.
"Their ability to embed AI directly into compliance, deduction, and reimbursement workflows is creating a new category of tax infrastructure for both individuals and enterprises."
Prosperr.io has secured $4 million in seed capital, bringing its total funding to $5.55 million. The round, led by Jungle Ventures with participation from Yatra Angel Network, Sadev Ventures and other strategic backers. A bold step.
Earmarks the money for faster product development. Founded in 2022 by engineers Manas Gond and Dev Kumar, the Bengaluru startup claims its AI‑driven platform will simplify tax compliance for individuals with multiple income streams and businesses operating across borders. Yet, the extent to which artificial intelligence can navigate the myriad jurisdictional rules remains unclear.
Will the solution scale as regulatory environments evolve? The company’s focus on a persistent fintech pain point suggests a clear market need, but adoption rates among users and institutions have not been disclosed. Investors appear confident enough to back the venture, though concrete performance metrics are still pending.
As the team pushes forward, the real test will be whether the technology delivers measurable efficiency gains without adding new complexities.
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Common Questions Answered
How much funding did Prosperr.io raise in its recent seed round, and which investors led the round?
Prosperr.io secured $4 million in seed capital, bringing its total funding to $5.55 million. The round was led by Jungle Ventures with participation from Yatra Angel Network, Sadev Ventures, and other strategic backers.
What problem in fintech is Prosperr.io’s AI‑driven platform designed to solve?
Prosperr.io targets the complex challenge of global tax compliance for freelancers, gig workers, and multinational firms. Its AI‑driven solution automates the calculation and filing of taxes across multiple jurisdictions, reducing manual effort and error.
Who are the founders of Prosperr.io and what backgrounds do they bring to the company?
The company was founded in 2022 by engineers Manas Gond and Dev Kumar. Their technical expertise underpins the development of the continuous taxation platform that leverages AI to keep pace with shifting regulations.
How does Prosperr.io plan to use the newly raised $4 million to enhance its product?
The fresh capital will be earmarked for faster product development, including scaling the AI algorithms and expanding the continuous taxation platform for salaried employees. This investment aims to accelerate feature rollout and support a broader range of income‑stream scenarios.