About
FlyFin is the first AI-powered tax engine for freelancers and 1099 workers, combining AI with human CPAs. Raised $8M from Accel Partners. 250K+ users saving average $7,800 more than previous years. Launched FlyFin TaxGPT on GPT-4. Targeting $23B US tax prep market with 70M+ freelancers (growing to 86.5M by 2027). Founded 2020.
Key Facts
- [1]Funding: Total funding: $10M. Last round: Nov 2024. Stage: Early Stage.
- [2]Employees: Employee count: 11-50.
- [3]Website: Official website: flyfin.tax.
- [4]AI Technology: Core AI/ML technologies: Predictive ML.
- [5]Region: Region: Americas (United States).
Founder
Jaideep Singh
Founder & CEO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is FlyFin?
FlyFin is the first AI-powered tax engine for freelancers and 1099 workers, combining AI with human CPAs. Raised $8M from Accel Partners. 250K+ users saving average $7,800 more than previous years. Launched FlyFin TaxGPT on GPT-4. Targeting $23B US tax prep market with 70M+ freelancers (growing to 86.5M by 2027). Founded 2020. FlyFin is classified in the Enterprise Finance segment at the Applications layer of the financial AI stack.
Who founded FlyFin?
FlyFin was founded by Jaideep Singh (Founder & CEO).
How much funding has FlyFin raised?
FlyFin has raised $10M in total funding, placing the company at the Early Stage stage. The most recent round closed in Nov 2024. Among 79 funded Enterprise Finance companies, FlyFin ranks #72 by total capital raised. (Source: AIFI Map directory.)
What AI technology does FlyFin use?
FlyFin primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Enterprise Finance segment, 58 companies use this technology.
What market segment does FlyFin operate in?
FlyFin operates in the Enterprise Finance market segment. AI enterprise finance companies are automating and enhancing the financial operations of businesses — from accounting and treasury management to financial planning, analysis, and corporate finance.
Who are FlyFin's competitors?
Companies similar to FlyFin in the Enterprise Finance space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Ramp ($2.3B raised), Brex ($1.5B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does FlyFin offer?
FlyFin builds applications-layer solutions for the financial services industry. The company's core offering: AI finds deductions for freelancers and 1099 workers. The platform is powered by Predictive ML technology.