FinTech news in Tactic category

Jaskiw attributes Tactic’s success in closing the round this summer to a few different factors — investors who have a long-term belief in the crypto ecosystem as well as the company’s focus on catering to larger clients who are processing thousands of transactions each month. CEO and founder Ann Jaskiw launched Tactic in 2021 while she was working on a different crypto project and realized from her conversations with founders in the space that they were struggling to close their books each month and stay compliant with accounting principles. Perhaps that part of the reason why less than five months after journalist covered Tactic’s $2.6 million seed round, the crypto accounting software startup has managed to bag $11 million despite a painful market downturn for the sector in what it says was an oversubscribed raise. Looking ahead, Jaskiw said Tactic hopes to become a one-stop shop for companies to manage their crypto accounting processes.

Tactic's software, Jaskiw said, helps companies automatically categorize transactions and apply accounting logic such as calculating $USD gain/loss and taxable events. Tactic, she said, has partnered with accounting firms to help interpret accounting guidelines for DeFi-specific activities such as staking, NFT minting and airdrops.