Cryptiony, a Łódź, Poland-based supplier of a crypto tax automation platform, raised €500K in Pre-Seed funding.
The spherical was led by ff Venture Capital with participation by Pointer.Capital and Marcin Wenus.
The firm intends to make use of the funds to launch into the UK.
Co-founded in 2021 in by Bartosz Milczarek (CEO) and Hanna Milczarek (CMO), after which by Krzysztof Dworakowski (CTO), Cryptiony goals to make cryptocurrency tax calculation straightforward, quick and inexpensive for learners, skilled merchants and accountants. It automates crypto tax calculations by linking on to exchanges through APIs and extracting related knowledge, which it makes use of to immediately create a full tax legal responsibility report compliant with complicated tax legal guidelines, such because the UK’s share pooling guidelines. Even comparatively small traders might must report significantly extra knowledge than with typical property due to the character of staking – a type of curiosity paid on crypto property.
Staking funds are sometimes made each day, creating a whole bunch of knowledge factors for every asset.