About SimpleTax
SimpleTax is a company based in Vancouver (Canada) founded in 2012 was acquired by Wealthsimple in September 2019.. SimpleTax offers products and services including Tax Filing Software, Investing Platform, and Banking Services. SimpleTax operates in a competitive market with competitors including FastnEasyTax, Tax Well Done and UFile, among others.
- Headquarter Vancouver, 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 Wealthsimple Technologies 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
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Employee Count
Employee Count
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Acquired by
Wealthsimple
(Sep 24, 2019)
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Products & Services of SimpleTax
SimpleTax offers a comprehensive portfolio of products and services, including Tax Filing Software, Investing Platform, and Banking Services. 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.
Platform for filing Canadian taxes and optimizing refunds.
Tools for managing stocks, ETFs, and crypto investments online.
Services for chequing, savings, and mortgages through digital interface.
Funding Insights of SimpleTax
| 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 SimpleTax
SimpleTax has secured backing from 1 investor. Prominent investors backing the company include Wealthsimple. 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 robo advisory and stock trading services are provided.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by SimpleTax
| 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 - SimpleTax
| 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 |
Simpletax Comparisons
Competitors of SimpleTax
SimpleTax 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 FastnEasyTax, Tax Well Done and UFile, 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 |
Online software for simple Canadian personal income tax filing and refunds.
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| domain | founded_year | HQ Location |
Provides online tax filing and preparation for personal and corporate clients.
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| domain | founded_year | HQ Location |
Tax software for preparing and filing Canadian income taxes online.
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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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Frequently Asked Questions about SimpleTax
When was SimpleTax founded?
SimpleTax was founded in 2012.
Where is SimpleTax located?
SimpleTax is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
What does SimpleTax do?
Simpletax is a personal tax filing web app that helps file your return online directly with the CRA and get your full refund in as few as eight days through direct deposit. It helps maximize refund by finding optimal split for donations, political contributions, public transit amounts, medical expenses, pension and more.It is NETFILE certified and has no income limits. Users can use simple tax for free and pay them if they can afford it.
Who are the top competitors of SimpleTax?
SimpleTax's top competitors include FastnEasyTax, Tax Well Done and UFile.
What products or services does SimpleTax offer?
SimpleTax offers Tax Filing Software, Investing Platform, and Banking Services.
Who are SimpleTax's investors?
SimpleTax has 1 investor. Key investors include Wealthsimple.
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