Prosperr.io, a financial technology SaaS company based in Bengaluru, has successfully raised $4 million in seed funding aimed at developing its AI-driven tax management platform. The funding round was predominantly led by Jungle Ventures, supported by Yatra Angel Network, Sadev Ventures, and various other strategic investors.

With this fresh influx of capital, Prosperr.io’s total funding has reached $5.55 million, enabling the company to further expand its capabilities and product offerings.

Focus on Product Development and Market Expansion

Founded in 2022, Prosperr.io plans to utilize the new funding to expedite product development and refine its B2B sales framework. The startup is looking to broaden its enterprise platform and venture into additional sectors, including wealth management, to enhance its service portfolio.

Addressing Tax Compliance Challenges

The founders, Manas Gond and Dev Kumar, both hailing from engineering backgrounds, aim to tackle one of the most persistent concerns in the fintech industry: the complexities of tax management in a worldwide financial environment. As individuals explore diverse income sources and businesses extend their reach across borders, maintaining tax compliance becomes increasingly challenging.

A Seamless Tax Platform for Employees

To assist salaried employees, Prosperr.io is designing an intuitive tax management platform tailored to users’ financial goals while proactively identifying eligible deductions through enhanced advisor engagement. The goal is to simplify the tax experience for both individuals and businesses.

Innovative Solutions for Tax Management

Moreover, the company is committed to automating tax processes and facilitating reimbursements for businesses, thereby offering tax reductions to employees. “Our integrated Flexi Benefit and Super Saver plans are revolutionizing the way businesses and individuals approach taxes, savings, and compliance,” remarked Manas Gond, CEO and co-founder of Prosperr.io.

Impressive Growth and Future Outlook

Since its previous funding round in June 2024, Prosperr.io has witnessed a remarkable 5x growth in revenue. The company has also enhanced its B2B and B2C offerings, achieving an impressive 80% retention rate among retail customers and a perfect 100% retention among enterprise clients.

Revolutionizing Tax Management with AI

“Tax remains one of the most under-innovated segments of financial infrastructure, with complexity only escalating as individuals earn from multiple streams and businesses navigate global workflows,” stated Rishab Malik, Partner at Jungle Ventures. “Prosperr.io’s ability to integrate AI into compliance, deduction, and refund processes is poised to create a new paradigm in tax infrastructure for both individuals and businesses.”