Crypto accounting platform, Tactic raised $2.6 Million in funding

 

Tactic, a New York-based crypto accounting platform for businesses has now secured $2.6 million in a funding round.

Tactic was founded by Ann Jaskiw. It is tackling the issue of accounting for a business's cryptocurrency holdings and on-chain activity by aggregating data across disparate sources to give businesses a full treasury view of their activities and balances.

The platforms help organizations automatically categorize transactions and apply accounting logic such as taxable events and calculating $USD gain/loss.

Accountants can then reconcile a business’s crypto sub-ledger to traditional accounting software.

Leigh Marie Braswell, Principal at Founders Fund, said, "Tactic solves a real pain point for businesses managing cryptocurrency finances, and the product is already saving crypto accounting teams days each month. We believe Tactic has the potential to become a massive player as more companies move into web3".

John Dempsey, Tactic's VP of Strategy and Ops and formerly VP of Product at Chainalysis, the blockchain forensics firm, said, "Businesses have come to expect back-office solutions that help them get started quickly and automate their manual tasks. Tactic makes it easy for businesses to transact in cryptocurrency, knowing they can manage their financial activity in a clean, compliant way".

The round was backed by the Founders Fund and Ramp, the finance automation platform, which recently revealed its own fundraise at a $8 billion valuation.

Some of the tech investors including Dylan Field and Elad Gil, also participated in the funding round.