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Tactic raises USD 2.6 mln in seed funding

Thursday 5 May 2022 13:18 CET | News

Tactic, an US-based startup that helps businesses manage cryptocurrency finances, has raised USD 2.6 million in seed funding.

Founders Fund and finance automation startup Ramp co-led the raise for Tactic. Elad Gil and Figma co-founder Dylan Field also participated in the funding.

Tactic is tackling the problem of accounting for a business’s cryptocurrency holdings and on-chain activity by aggregating data across disparate sources to give businesses a full view of their balances and activities. Its software helps companies automatically categorise transactions and apply accounting logic such as calculating USD gain/loss and taxable events. Accountants can then reconcile a business’s crypto-subledger to traditional accounting software like QuickBooks.

Tactic has partnered with accounting firms to help interpret accounting guidelines for DeFi-specific activities such as staking, NFT minting, and airdrops.

Tactic plans to use its new capital to build out its product and team.


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Keywords: Web 3.0, startup, cryptocurrency, funding, data
Categories: DeFi & Crypto & Web3
Companies: Tactic
Countries: United States
This article is part of category

DeFi & Crypto & Web3

Tactic

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