Company Overview
Snapshot
Founded in October 2016 by Gidi Bar-Zakay, Bittax operates with 11–50 employees. The company is currently in the Pre-Funding stage. In December 2020, Bittax launched a strategic partnership with SurePrep for cryptocurrency tax automation.
Business overview
Bittax provides a platform for cryptocurrency taxation calculation, leveraging algorithms to auto-complete missing blockchain information and identify discrepancies. The system aims to optimize tax liability by performing crypto-specific identification on the blockchain. Operating within the Fintech & Insurtech sector, Bittax serves the financial services industry, particularly focusing on accounting, tax, investment, portfolio management, and compliance for financial institutions.
Strategic signal
In December 2020, Bittax formed a strategic partnership with SurePrep to automate cryptocurrency tax processes. This collaboration is significant as it validates Bittax's technology within the broader financial compliance market and signals a move towards integrating its specialized blockchain analysis into established tax preparation workflows, potentially expanding its reach to a larger professional accounting client base.
Log in to access full profile ›Company Intelligence Q&A
- When was Bittax founded?
- Bittax was founded in October 2016 by Gidi Bar-Zakay.
- What is Bittax's primary focus?
- Bittax focuses on cryptocurrency tax compliance and blockchain analysis, providing a platform for calculating cryptocurrency taxation and optimizing tax liability.
- What was a key strategic partnership for Bittax?
- In December 2020, Bittax launched a strategic partnership with SurePrep for cryptocurrency tax automation, integrating its blockchain analysis capabilities into SurePrep's offerings.
- How does Bittax address missing blockchain information?
- Bittax utilizes its algorithms to auto-complete missing blockchain information and identify discrepancies, which helps in accurate cryptocurrency tax calculations.
- What market does Bittax serve?
- Bittax serves the financial services market, with a particular focus on accounting, tax, investment, portfolio management, and compliance for financial institutions.