SaaS product Inkle raises $1.5 Mn pre-seed funding
Inkle, human chat-based US CPA SaaS product, has secured a $1.5 million pre-seed funding round led by Picus Capital, Saison Capital, and Force Ventures.
Founded in late 2021 by Anand Krishna, Inkle provides software to enable US companies created by overseas founders to easily and affordably handle tax, accounting and compliance. Inkle’s full-stack software and collaborative features creates a scalable, on-demand and affordable back office for global companies.
According to Inkle, the platform offers human chat with bookkeepers and CPAs and clear dashboards with deadline alerts, team collaboration, secure corporate document vault, and transparent billing. Inkle Books tracks the various intercompany money movements inside the group: transfer pricing, foreign direct investment and royalty, as well as handling complex group consolidation
The Bengaluru and Delaware-based firm says that it also facilitates compliances such as registered agent, mailroom, and state, federal and cross-border regulatory reporting. Both the customer and CPA softwares are constantly evolving their modern fresh SaaS interface to connect all three sides.
Inkle claims that it was bootstrapped and in stealth until now, has grown revenues 7x in the last year to hundreds of thousands of dollars, and built a strong leadership position in the US-India corridor. The company also claims to expand into new corridors such as US-Canada, US-LATAM and new sectors such as crypto taxes. Its clients include leading tech companies such as Salesken, Mailmodo, Zoko and DriveTrain.
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