The startup will use the funds to strengthen product development and expand its offerings into wealth management.
Prosperr.io, a Bengaluru-based fintech SaaS company, has secured $4 million in seed funding to advance its AI-driven tax management platform. The round was led by Jungle Ventures, with participation from Yatra Angel Network, Sadev Ventures, and other strategic investors.
According to the company, the latest funding round brings Prosperr.io’s total capital raised to $5.55 million.
Founded in 2022, the startup plans to deploy the fresh capital to accelerate product development and strengthen its B2B sales framework, as it scales its enterprise platform and expands into new segments, including wealth management.
Founded by Manas Gond and Dev Kumar, both engineers by training, Prosperr.io is tackling one of fintech’s most persistent challenges managing taxes in an increasingly complex and globalised financial landscape. As individuals earn from multiple income streams and businesses expand across borders, tax compliance has struggled to keep pace, the company said in a statement.
For salaried employees, Prosperr.io is building a continuous taxation platform designed to align with users’ financial goals while proactively identifying eligible deductions through ongoing adviser engagement, the company added.
Additionally, the startup offers tax-saving allowances for employees and streamlines reimbursement processes for businesses using automation and AI.
Our integrated Flexi Benefit Plan and Super Saver Plan are reshaping how businesses and individuals manage tax, savings, and compliance. With three-times year-on-year revenue growth, this funding round will accelerate our AI and product roadmap as we scale to serve millions with smarter and more compliant financial solutions,” said Manas Gond, CEO and co-founder of Prosperr.io.
The company has expanded its enterprise product portfolio with an AI-driven reimbursement solution designed to manage the complexities of corporate tax operations.
Since its last funding round in June 2024, Prosperr.io said its revenue has grown fivefold, alongside enhancements to both its B2B and B2C offerings, achieving 80% retention among consumer clients and 100% retention among enterprise customers.
Tax remains one of the most under-innovated layers of financial infrastructure, with complexity increasing as individuals earn across multiple income streams and businesses operate global workflows,” said Rishab Malik, Partner, Seed Investments at Jungle Ventures. “Prosperr.io’s ability to embed AI directly into compliance, deduction, and reimbursement workflows is creating a new category of tax infrastructure for both individuals and enterprises.
