april rebuilt tax filing from scratch, cleared the national e-file wall no startup had crossed in 15 years, and quietly wired itself into the banks, payroll systems, and fintechs Americans already use.
The IRS estimates the average tax return takes about 13 hours. april's median is 22 minutes. The gap is the entire business.
Every spring, Americans pour an estimated 6.5 billion hours into filing their taxes. april, a New York company founded in 2021, started from a contrarian question: what if you never had to visit a tax website at all - what if the app that already knows your income just handled it?
That premise turned april into infrastructure rather than a destination. Instead of competing for anxious filers each April, it built an AI-powered tax engine and lets other companies - payroll providers, banks, wealth platforms, fintechs - embed filing, planning, and estimates directly inside their own products. The tax experience is white-labeled, mobile-first, and pre-populated with data the partner already holds.
The approach demanded work most startups avoid. april wrote its calculation and e-file engine from the ground up and pursued national e-file coverage - a regulatory grind so steep that only roughly ten companies have ever completed it, and none in more than 15 years until april did in early 2025.
The payoff is speed and reach. Across more than 50 partners, april has reached millions of Americans and processed hundreds of thousands of returns, with 95% of users filing for free and refund deposits landing at rates above 98%. It is, in effect, quietly rebuilding a piece of American tax plumbing.
We're breaking through the red tape of a complex industry with the power of AI.
A white-label filing flow partners drop into their app. Forms auto-populate from partner data, so a return that would take hours collapses into roughly 22 minutes.
Fintechs, banks, payroll and benefits providers, and wealth managers - who serve their end users tax tools without building an engine themselves.
Tax is treated as an annual deadline instead of a continuous financial signal. april turns it into year-round planning: withholding, quarterly payments, forecasts.
Bars scaled to time. april is roughly 35x faster.
The incumbents built destinations. april built an engine other companies plug into.
Rather than buy customers with ads, april reaches filers through the apps they already trust - a B2B2C model that turns each partner into a front door.
The years-long regulatory approval almost no one attempts. april holds it, making its engine hard to replicate and expensive to challenge.
Partners commit to flat-fee or fully free filing for consumers. The money is in being the infrastructure, not in charging stressed filers.
Withholding optimization, quarterly payments, and forecasting for capital gains, retirement, and small business extend april past filing day.
The alternatives: Column Tax is the closest embedded-tax rival, while Intuit's TurboTax, H&R Block, and TaxAct dominate standalone consumer filing. april's wedge is being API-first and white-labeled rather than a website of its own.
Former Deloitte fintech strategist who incubated cybersecurity and fintech ventures acquired by PayPal and Bitsight. Named to Fast Company's Impact Council.
Data scientist and former CTO of Waze - the navigation startup Google bought for about $1B. He treats tax like a messy, real-time data problem.
Growth leader from Google who ran initiatives at TaxAct and Avantax, work credited with generating more than $1.2B in shareholder value.
Borodach, Marcous, and Doshi set out to build an embedded, AI-powered tax engine.
QED Investors leads a $30M round backed by fintech veterans following april's first embedded rollout.
april's from-scratch engine and APIs begin powering filing inside a growing roster of fintech and payroll partners.
Human tax-pro support is added, and april reaches millions of Americans through more than 50 partners.
april becomes the first company in 15+ years to earn national e-file coverage and raises a $38M Series B led by QED, reaching $78M total.
| Round | Amount | Date | Lead & Investors |
|---|---|---|---|
| Seed | $10M | 2021 | Team8 and early fintech backers |
| Series A | $30M | Jul 2022 | QED Investors, Team8, Acorns & eToro founders |
| Series B | $38M | Jul 2025 | QED Investors (lead), Nyca Partners, Team8 |
The Series B thesis: embed tax into every financial decision.
Withholding optimization embedded in payroll; users reported $1,200+ in added annual take-home pay.
On-demand pay platform offering april's embedded filing to workers.
Tax planning platform integrating april's filing and planning tools.
Wealth platform embedding april's DIY and Expert filing capabilities.
Crypto tax platform partnering with april to handle filing.
Earned-wage-access fintech partnering with april for embedded tax.
april provides an AI-powered, embeddable tax engine that lets financial apps offer tax filing, planning, and estimates to their users - white-labeled and mobile-first.
Financial platforms - fintechs, banks, payroll and benefits providers, and wealth managers - who embed april for their end users. Partners include Gusto, Dayforce Wallet, Carry, Compound, and ZenLedger.
Instead of a standalone consumer website, april is an API-first, white-label engine other companies embed. It also holds national e-file coverage and offers free filing for the vast majority of users.
$78M total, including a $10M seed, a $30M Series A in 2022, and a $38M Series B in July 2025 led by QED Investors with Nyca Partners and Team8.
Ben Borodach (CEO), Daniel Marcous (CTO, formerly CTO of Waze), and Raj Doshi (President & COO), in 2021, headquartered in New York City.
Interviews & product context (search on the linked platforms):
▶ Ben Borodach interviews on YouTubeProfile compiled from public sources · figures approximate where noted (*refund deposit rate reported above 98%).