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Tax Software Vendor Raises $8 Million

FlyFin, which targets freelance workers and the self-employed, has raised $8 million. The seed and pre-Series A round funds will be used to develop the company’s artificial-intelligence based tax preparation software.

.”FlyFin's 'Man + Machine' approach leverages the power of A.I. to eliminate 95% of the work that is then fortified with world-class CPA expertise, FlyFin founder and CEO Jaideep Singh said in a prepared statement.

The company’s SaaS platform uses A.I. to scan expense accounts and find tax deductions.  Users can utilize FlyFin’s CPAs, who revie returns and provide help, or can export data in an IRS-ready format.

Accel Partners led the funding round.

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