About CloudTax
CloudTax is a company based in Toronto (Canada) founded in 2011 was acquired by Taxes Served in December 2021.. CloudTax offers products and services including CloudTax Free, CloudTax Plus, CloudTax Pro, CloudTax EFILE, and CloudTax API. CloudTax operates in a competitive market with competitors including TOBATAX, KISIT, My Tax App, Aloe Tax and TaxTron Web, among others.
- Headquarter Toronto, Canada
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Cloudtax Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Taxes Served
(Dec 09, 2021)
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Products & Services of CloudTax
CloudTax offers a comprehensive portfolio of products and services, including CloudTax Free, CloudTax Plus, CloudTax Pro, CloudTax EFILE, and CloudTax API. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Basic DIY tax filing for simple scenarios with AI tools.
Enhanced filing with priority support and audit protection.
Full-service tax preparation by experts for complex returns.
Electronic filing tool for accountants and professionals.
API for embedding tax filing into business systems.
Tool for storing and tracking tax-related receipts.
Funding Insights of CloudTax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CloudTax
CloudTax has secured backing from 1 investor. Prominent investors backing the company include Taxes Served. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Online platform for tax filing, bookkeeping, and payroll solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CloudTax
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CloudTax
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cloudtax Comparisons
Competitors of CloudTax
CloudTax operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TOBATAX, KISIT, My Tax App, Aloe Tax and TaxTron Web, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provides tax filing, bookkeeping, and payroll services for individuals and businesses.
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| domain | founded_year | HQ Location |
Online platform for simple Canadian income tax filing and professional bookkeeping services.
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| domain | founded_year | HQ Location |
Operates an online platform for efficient tax filing services for individuals and businesses.
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| domain | founded_year | HQ Location |
Provides certified tax filing, bookkeeping, and virtual services for personal and corporate clients.
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| domain | founded_year | HQ Location |
Online tax preparation and filling platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cloudtax
Frequently Asked Questions about CloudTax
When was CloudTax founded?
CloudTax was founded in 2011.
Where is CloudTax located?
CloudTax is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
What does CloudTax do?
CloudTax was established in 2011 in Toronto, Canada, within the fintech sector. AI-driven tax filing software is developed and maintained by the company to support users in preparing returns. Core features, including auto-fill capabilities for forms and smart search functions, are integrated into the platform. Operations are centered on streamlining tax compliance processes for individuals and businesses across Canada, with services accessible via the cloudtax.ca domain.
Who are the top competitors of CloudTax?
CloudTax's top competitors include TaxTron Web, TOBATAX and KISIT.
What products or services does CloudTax offer?
CloudTax offers CloudTax Free, CloudTax Plus, CloudTax Pro, CloudTax EFILE, and 2 more products and services.
Who are CloudTax's investors?
CloudTax has 1 investor. Key investors include Taxes Served.