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Town Raises $18M to Make Taxes Painless for Small Businesses
Small businesses are the backbone of the economy. They create jobs, drive innovation, and keep wealth in local communities. But let’s be honest—the system is not in their favor.
Meanwhile, small businesses face declining service quality, largely due to a growing shortage of qualified professionals. At best, the relationship is impersonal and transactional; at worst, it can range from careless tax preparation that overlooks obvious savings to preparers completely disappearing weeks before taxes are due.
Introducing Town: your small business tax department
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Dedicated advisors that act like colleagues, not vendors
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Tax-tuned AI automation that eliminates mind-numbing (and expensive) busywork — from data collection to finding the most relevant deductions for every kind of business
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Flat-fee pricing that bucks the industry norm of inflated hourly billing
No more last-minute scrambling. We connect directly to your books, your bank, and the key systems you use to run your company. Your advisor works with you year-round to stay ahead. Flat-fee pricing means no surprises—just smart, proactive tax strategy at a price small businesses can afford.
Early momentum and funding to serve more small businesses
Just two months after starting to onboard customers, Town are already helping hundreds of businesses prepare their FY 2024 taxes, showing them what having real tax support—not just tax prep—feels like.
They have partnered with leading vertical SaaS providers, fintech platforms, and accounting services to bring embedded business tax prep to where entrepreneurs already work. Our partnerships include one of the largest SMB bookkeepers in the US and a leading bank serving SMBs. Together Town are providing the kind of end-to-end financial services that big businesses take for granted.
Companies In This Post
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- VeChain Flips dApps Playbook With Launch of VeFounder Read more
- BMLL Introduces Industry-first Trades Plus Dataset in Response to Key Client Challenge to Achieve Execution Analysis at Scale Read more
- Octopus Money Onboards New AI Assistants: Harry, Ron and Hermione Read more
- Revolut Adds Pay by Bank Option to Their Payment Gateway Read more
Business Loan Capital (BLC) Chooses LenderAI to Streamline Originations in its Bridge Lending Business
iBusiness Funding announced today a new partnership with Business Loan Capital (BLC), a private, non-bank, direct real estate lender. Leveraging iBusiness Funding’s LenderAI solution, BLC can now originate and process bridge loans faster and with greater transparency, enabling them to scale their lending business and originate more loans. By adopting LenderAI, BLC will empower applicants to gain the capital they need to thrive by streamlining loan approval processes.
South Africa’s Fintech Startup Float Raises $2.6m (R46 Million) to Scale
Four-year-old card-linked instalment platform Float has secured $2.6 million (R46 million) in funding
Float Launches New Hybrid Business Accounts: Spend Like Chequing, Earn Like Savings (Up to 4%)
Float today announced the launch of Float Business Accounts, Canada’s first fintech-built solution with zero fees, instant liquidity, market-leading returns and CDIC deposit insurance in a single account. This new account combines the everyday functionality of a chequing account with the earning power of a savings product—all without sacrificing speed, security or returns.
Rainforest Raises $29M Series B to Scale Seamless Embedded Payments for Vertical SaaS Platforms
Rainforest, an embedded payment provider purpose-built for SaaS platforms, raised an oversubscribed $29 million Series B funding round
Factris Secures €100M Funding Facility from Brand New Day Bank to Empower SMEs with Factoring Solutions
Factris, a leading European fintech specializing in financing solutions for small and medium-sized enterprises (SMEs) using invoices as collateral, is proud to announce the launch of a new funding partnership with Brand New Day Bank. The collaboration has resulted in a €100 million facility dedicated to financing SME factoring across Europe, enabling Factris to support sellers in nine countries and manage receivables from debtors in 27—primarily EU markets—demonstrating the scale and reach of its cross-border platform.
CE-Invests Joins $50 Million Funding Round for Flipspaces
CE-Invests, the strategic investments platform of Crescent Enterprises, today announced its participation in the $50 million Series C funding round for Flipspaces, a leading tech-first interior design and build company for commercial spaces operating across India and the USA.
Accion Announces Close of $61.6M Second Accion Venture Lab Fund Investing in Early-Stage Inclusive Fintech
Accion announced the final close of a $61.6 million fund that will invest in early-stage fintech companies
Real-Time Payments: Pre-Verification Helps, In-Flight Detection Matters Most | Part 6 | Bottomline
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VeChain Flips dApps Playbook With Launch of VeFounder
VeChain, the leading real-world-application focused Layer 1, today announced the launch of the VeFounder Program, a first-of-its-kind initiative designed to revolutionize the dApps economy with a top-down approach to unlock untapped growth opportunities.
BMLL Introduces Industry-first Trades Plus Dataset in Response to Key Client Challenge to Achieve Execution Analysis at Scale
BMLL, the leading, independent provider of harmonised, historical Level 3, 2 and 1 data and analytics across global equity, ETFs, futures and options markets, today announced the launch of its Trades Plus dataset, a groundbreaking new product that delivers deep execution insights, designed in collaboration with top global trading firms.
Octopus Money Onboards New AI Assistants: Harry, Ron and Hermione
Octopus Money has partnered with AI startup Ani Tech to cut the time spent on onboarding administration by 75%
Revolut Adds Pay by Bank Option to Their Payment Gateway
Revolut has today announced the launch of Pay by Bank as an option on the Revolut Gateway
Scalable Capital is Now a Bank
Scalable Capital has been granted full authorisation as a bank by the ECB
Mastercard Survey: 90% of SMEs That Accept Digital Payments in Puerto Rico Report Significant Business Growth
Mastercard presented its new research on the use of digital payments by SMEs in Puerto Rico