april Raises $38M Series B to Embed Tax into Every Financial Decision

april AI tax platform has secured $38 million in Series B funding to accelerate the future of embedded tax technology. This AI-powered tax infrastructure, now integrated across over 50 financial partners, reduces filing time and improves access to seamless tax solutions for millions of Americans. april Series B funding round led by QED Investors, with participation from Nyca Partners and Team8.

The raise follows a number of key milestones for the company. In early 2025, april became the first new company in over 15 years to achieve national e-file coverage, a major milestone that only approximately ten other companies have achieved. During the 2024 tax season, april was available to millions of Americans through more than 50 partners, processing hundreds of thousands of tax returns. Year to date, the business has tripled in size, reflecting the demand for embedded tax within financial institutions.

This season also marked an expansion of april’s filing capabilities. In addition to its self-service offering, april launched pro-assisted and pro-led tax filing services, enabling partners to support a broader set of tax needs directly within their own platforms. april’s AI powered tax infrastructure integrates federal and state filing into a single flow and leverages partner data to pre-fill forms, reducing median time to file to 22 minutes, compared to the IRS average of 13 hours. The platform also boasts an exceptional Net Promoter Score (NPS) of over 60, reflecting strong user satisfaction and trust. Partners saw refund deposit rates over 98%, underscoring the business impact of integrating tax functionality directly into financial platforms.

“Leveraging an AI assisted development process, we built a compliant, national e-file platform from the ground up and made it available inside the apps Americans already use to manage their money,” said Ben Borodach, co-founder and CEO of april. “Now we’re extending that foundation to address a much broader range of tax needs beyond filing.”

With core infrastructure in place, april is now focused on delivering the most connected tax software to enable millions of Americans to forecast, optimize, and file their taxes within the applications of the country’s largest financial platforms. The company has already launched tools for paycheck withholding optimization and quarterly payments, and is actively developing solutions for more complex scenarios including capital gains, retirement planning, and small business ownership.

These categories represent the next frontier in embedded tax: addressing high-impact, high-ambiguity scenarios that most financial platforms lack the logic to guide tax-optimized decision-making. april’s infrastructure is designed to adapt to these complexities and deliver meaningful value to both platforms and the people they serve.

“For too long, tax has been disconnected from clients’ primary financial relationships,” said Raj Doshi, april’s President and COO. “april’s technology enables our partners to incorporate tax planning and filing as part of their broader offering to deliver truly holistic solutions. It puts them front and center in one of the most important, complex dynamics of Americans’ financial lives, and allows them to proactively surface opportunities and insights to help clients make the best possible decisions for their futures.”

Partners embedding tax planning tools are already seeing measurable impact. Carry, a rapidly growing wealth management technology platform, has integrated april to bring digital and human-powered tax planning services to clients navigating complex scenarios. Gusto uses april to help workers with variable income recalibrate withholdings, boosting take-home pay by over $1,200 a year. As tax planning becomes embedded in leading financial applications, the economic benefits to taxpayers and partners represent a new frontier for these platforms.

“april has demonstrated strong execution in a historically complex space,” said Adams Conrad, who led the round from QED Investors. “It’s rare to see a company with the potential to reshape how millions of Americans interact with the tax system, while also powering the next generation of fintech and financial services innovation. As april succeeds in helping more people achieve net-neutral tax outcomes, the downstream effect is profound—not just for individuals, but for the broader economy.”

With the april AI tax platform gaining traction, the company is redefining how embedded tax solutions deliver value through intelligent filing and planning tools.