Bullet points of Zamp targets growing demand for sales tax solutions
- South Dakota took Wayfair to court over sales tax collection, leading to a Supreme Court ruling that online stores and SaaS companies must collect sales tax from customers wherever required, despite having no physical presence; this led to the growth of startups like Zamp that provide sales tax compliance solutions; Zamp's software can automatically calculate and file sales taxes for businesses of all sizes; the company has grown its customer base to over 400 companies and achieved annual recurring revenue in the mid-millions; Zamp has also partnered with accounting firms, including the top 25 US accounting firms, to help them with sales tax compliance; the company is introducing a new product called Z-tax to help accountants and bookkeepers provide sales tax services without increasing their headcount; Zamp is not alone in the market, with its primary competitor being Anrok, which has raised a $30 million Series B; Zamp's rapid growth indicates that there is room for multiple players in this space
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npub159…fwmfm
2024-09-05 15:24:15
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npub159c8tuaycvd6hgjdv2kh89neeygu2zus9myqwn9vk953474cql0s5fwmfmPublished at
2024-09-05 15:24:15Event JSON
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