XBOOKS Raises £425K in Pre-Seed Funding

XBOOKS, a UK-based crypto accounting and tax reporting startup, has secured £425,000 in pre-seed funding led by SFC Capital, NexumStp, and angel investors. The funding will be used to expand user base, revenues, and team. XBOOKS, founded in 2022, provides CryptoBooks, a platform that generates reports of cryptocurrency transactions for tax purposes. The company is currently ending its Private Beta phase and has over 1,200 paying customers, generating over £190,000 in revenue.

UK Crypto Startup XBOOKS Raises £425K in Pre-Seed Funding

XBOOKS is a London, UK-based crypto accounting and tax reporting startup that provides CryptoBooks, a cryptocurrency tax reporting software platform. The platform allows individuals and companies that use cryptocurrencies for investments or payments to generate reports of all their transactions, classify them, calculate capital gains/losses and acquire all the accounting data necessary to draw up tax returns or company financial statements in a compliant manner with tax regulations and provisions of the reference country. XBOOKS is currently ending its Private Beta phase and already has more than 1,200 paying customers, generating more than £190K in revenues and approx. £150K as ARR, mostly acquired through organic marketing and partnership campaigns.

Crypto accounting and tax reporting software platform for individuals and companies using cryptocurrencies.

2 years ago

UK Crypto Startup XBOOKS Raises £425K in Pre-Seed Funding

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