In fintech, there is a fine line between revolutionary and regulatory nightmare. Navigating it takes sharp instincts, thoughtful engineering, and the kind of product obsession you can’t fake.
That is exactly what Ben Borodach, Daniel Marcous, and the team at april have brought since day one. This week, they are announcing a $38 million Series B led by QED Investors, with continued support from Nyca Partners and Team8. It is a milestone that validates april’s approach and sets the stage for a new category of financial infrastructure: embedded, intelligent, year-round tax services.
Let’s take a moment to appreciate how rare this is.
april is the first new player in 15 years to reach national e-file coverage in the U.S. That is no small feat in a space as notoriously rigid and paperwork-heavy as the IRS. During the 2024 tax season, april reached millions of Americans through more than 50 partners, processing hundreds of thousands of returns. The median time to file was just 22 minutes, compared to the IRS average of 13 hours. That is not just disruption. That is redesign.
In addition to self-service filing, april introduced pro-assisted and pro-led services embedded directly in partner platforms. It is the kind of full-spectrum offering financial apps have long wanted but rarely managed to deliver. april’s infrastructure brings compliance, intelligence, and simplicity together, pre-filled, contextual, and embedded where people already manage their money.
At Team8, we saw this need early. Not just the pain point, which every American taxpayer knows intimately, but the potential for a company to tackle it from a systems level. That is why we helped launch april through our Venture-Creation model. Our thesis was not about digitizing forms. It was about abstracting the complexity of the tax code itself. Turning tax from a once-a-year headache into a continuous, intelligent layer that helps people make better financial decisions, all year long.
That is exactly what april is building. A platform that not only files returns but optimizes paycheck withholding, supports equity decisions, and handles small business deductions. It is a shift from reactive to proactive finance, where tax becomes a strategic input rather than a painful afterthought.
The timing could not be better. Embedded finance is no longer a buzzword. It is the expectation. Financial platforms are keen to deliver more value, and tax is quickly becoming a differentiator. Partners like Compound, Carry, and Gusto Wallet are already seeing impact: better withholding, smarter planning, and tangible gains for users.
But none of this is possible without serious infrastructure. Not just an API. The whole stack. Compliance. Tax logic. Integrations. Interfaces. That is the hard stuff. That is what april has built. And with this Series B, they are poised to scale it across even more platforms and verticals.
To Ben, Daniel, Raj, and the entire april team, you have built something rare. A company with the rigor of an enterprise platform and the empathy of a consumer brand. A product that replaces complexity with clarity. And a mission that turns one of the most dreaded financial experiences into something seamless, maybe even empowering.
We are proud to be part of april’s journey, and proud to continue backing them alongside QED and Nyca Partners in their next phase.
Because let’s be honest. Death and taxes may be certain. But the misery of tax season no longer has to be. With april, we are betting on a future where taxes run quietly in the background, automatically and intelligently, just like the best technology should.
