# Taxwire

> Taxwire is a New York-based fintech that owns sales tax and global VAT compliance end to end for finance teams. It pairs an AI-native tax engine with a team of tax experts to handle nexus monitoring, registration, real-time rate calculation, filing, remittance, and audit resolution across roughly 22,000 US jurisdictions and 100+ countries. The company remits about $100M in sales tax a year for customers and raised $25M in combined Seed and Series A funding led by Headline in 2026.

- **Founded:** 2023
- **Headquarters:** New York, New York, United States
- **Founders:** Andrew Rea (Co-Founder & CEO), Steven Schmatz (Co-Founder & CTO)
- **Team size:** ~23 employees
- **Products:** AI-native tax engine, Managed compliance service, Nexus monitoring & studies, Registration & back-filing, Filing & remittance automation
- **Notable:** Raised $25M in combined Seed and Series A funding led by Headline in 2026, Remits approximately $100M in sales tax per year for customers, Covers ~22,000 US tax jurisdictions and 100+ countries

## Products & services

- **AI-native tax engine** — Real-time, geocoded rate calculation across ~22,000 US jurisdictions and 100+ countries, built to handle messy cases like multi-line invoices and products that don't map to a standard category.
- **Managed compliance service** — A team of tax experts pairing with the software to handle nexus studies, registrations, filings, remittance, and audit resolution end to end.
- **Nexus monitoring & studies** — Continuous tracking of where a business creates tax obligations, plus full nexus studies and compliance audits across jurisdictions.
- **Registration & back-filing** — Tax registration management, historical back-filings and amendments, and one-click future registrations.
- **Filing & remittance automation** — Automated monthly and quarterly return filing and payment, with anomaly flagging before returns are filed.
- **Virtual mailbox** — A virtual mailbox that captures and manages government mail and tax notices on the customer's behalf.
- **Integrations** — Native connections to billing, commerce, and accounting systems including QuickBooks, Xero, NetSuite, Shopify, and Amazon, with expert support delivered over Slack.

## Achievements

- Raised $25M in combined Seed and Series A funding led by Headline in 2026
- Remits approximately $100M in sales tax per year for customers
- Covers ~22,000 US tax jurisdictions and 100+ countries
- Completed 150+ migrations from legacy tax platforms
- ~50% of new customers come from legacy-provider departures
- Every investor in the round was an existing shareholder who doubled down

## Latest updates

- **2026-07** — Coverage across fintech and startup press for the $25M raise; company detailed plans to scale geocoding across global tax systems and hire data engineering talent.
- **2026-06** — Announced $25M in combined Seed and Series A funding led by Headline to automate sales tax and VAT across 100+ countries.
- **2024-11** — Andrew Rea publicly announced Taxwire and began onboarding customers.

## Links

- Website: https://taxwire.com
- LinkedIn: https://www.linkedin.com/company/taxwire

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Profile page: https://yespress.io/taxwire
Published by YesPress — https://yespress.io
Last updated: 2026-07-17