March 11, 2024
Recap, a company specializing in crypto tax calculation services, has secured a £300,000 grant from Innovate UK. This funding will support the development of a privacy-focused collaborative crypto tax and client due diligence platform for accountants and professional services.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Recap | Mar 11, 2024 | £300K | Grant | £1.2M | Innovate UK | Cryptocurrency |
Recap has partnered with industry experts, including Hoptrail, Andersen LLP, and Wright Vigar, to enhance the platform’s capabilities in automating and streamlining the tracking and processing of crypto asset transactions. The platform aims to reduce the need for manual data entry and management while facilitating customer onboarding with reliable source of fund checks.
The project, funded by Innovate UK, will span 12 months and is expected to significantly contribute to Recap’s growth. The company plans to expand its team and play a key role in developing Lincoln’s digital hub. This initiative aligns with Recap’s goal to become a leading provider of cryptocurrency accounting software, offering tools for AML compliance and proactive tax planning.
About Recap:
Recap is a London-based company that simplifies crypto tax calculations through its user-friendly, privacy-focused app. The company aims to provide advanced solutions for cryptocurrency accounting and compliance.
Website: https://recap.io/
X Account: https://x.com/recap_io
Investor: Innovate UK
Innovate UK is the United Kingdom’s innovation agency, investing in science and technology advancements to drive economic growth.
Location: Swindon, England, United Kingdom
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