Tax remittance solutions provider Remitian announced last week that not only has it raised $7 million in seed funding, but it also released its Tax Payment API, which the Miami-based company says is designed to help tax software providers and accounting firms “close the loop on the final mile of tax.”
The funding will accelerate product development and go-to-market as Remitian expands its footprint with North American partners, including accounting firms, wealth managers, and global financial institutions.
Remitian gives tax professionals a modern way to initiate, track, reconcile, and report client tax payments across jurisdictions.
“The platform reduces friction caused by government portals and banking workflows and is designed to eliminate penalties and late fees while improving the client experience,” Remitian said in a media release. “It allows companies to focus on their business, not keeping track of tax deadlines and jurisdictions.”
Remitian’s new API enables partners to embed payment initiation, validation, and confirmation directly into their own ecosystems.
By providing a single gateway to multiple tax jurisdictions, Remitian eliminates the need for manual bank portal entries and reduces the risk of costly penalties.
“The journey from ‘ready to file’ to ‘ready to pay’ has historically been a broken, manual process,” Remitian CEO Solon Angel said in a statement. “Our new API allows our partners to streamline the entire tax payment experience, providing real-time updates via webhooks and bank-grade audit logs to ensure every payment is tracked from start to finish.
“Paying taxes should not be a maze of portals, passwords, and penalties,” he added. “Our team has spent more than a decade building AI products for accountants. We are bringing that experience to the tax payment layer so firms can move money compliantly, reconcile faster, and serve clients with confidence. We want firms to be able to focus on their bottom line, not tax deadlines.”
Early customers include Atlanta-based top 25 accounting firm Aprio and Canadian firm MNP.
The seed round includes participation from accounting and fintech leaders, such as Ryan Lazanis, influential accounting innovator and investor; Richard Kopelman, CEO of Aprio; Daniel Eberhard, CEO of Koho; Rex Salisbury, founding partner at Cambrian; and the CEOs of HubSync and Aiwyn.
Remitian says its clients report $125 average savings per filing, 80% time reduction. and 99% error elimination.
Aprio deployed Remitian across the firm and Kopelman invested post-deployment and joined Remitian’s board.
More information about Remitian can be found here.
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Tags: API, Remitian, tax payments, tax remittance, Technology
