FinTax raises seed funding in YZi Labs-led round

Crypto treasury and tax solutions provider and AI infrastructure firm FinTax said it has raised seed funding in a round led by YZi Labs. Amber Group, Hashhouse FundiAI, Waverider International and Nexus Holdings also participated. The company was valued at $40 million, although the size of the investment was not disclosed. YZi Labs, which led the round, plans to work with FinTax to build institutional-grade treasury and tax infrastructure and regulatory compliance standards, while also cooperating in areas including payments.