Press Release Atlanta, June 7, 2022– LedgibleProfessional First CryptoTaxandAccountingPlatform Leader Ledgible, through its affiliate EJF Silvergate Ventures Fund, today announced that EJF Capital LLC (“EJF”), announced that it has raised $20 million in a Series A round led by EJF.
The round was led by JAM FINTOP, Thomson Reuters Ventures, TTV Capital, Fenbushi US, Commerce VC, Nathan McCauley, and Perkins Coie.Ledgible is currently a member of the at the forefront of the professional-focused crypto tax&accounting industry. This investment will be used to expand Ledgible’s product offerings and significantly grow the team to meet the growing demand for its offerings.
“The ability to properly account for crypto assets and realize appropriate gains and losses for tax and accounting purposes is essential for any individual, institution, or company that owns or trades crypto assets,”saidLedgible CEO Kell Canty. Kell Canty, CEO of Ledgible, stated. “At Ledgible, we are providing a platform to bridge the gap between digital assets and traditional finance.”
The investment will be used to expand the company’s teams in its two core lines, Professional Tax and Enterprise Accounting, and includes further expansion to support its growing number of institutional partners and accounting firms.
“We see crypto as an innovative application of new technology and the next large investable asset class. Individual and institutional investors need to be able to consolidate and account for this investment and report it to the IRS and certain other regulatory agencies, as applicable,”said Jonathan Bressler, Managing Director of EJF.“We invested in Ledgible because we believe it is the preferred solution for accounting for digital assets on the blockchain.”
The investment is also an important milestone in the professional tax arena and underscores the need and importance of cryptocurrency support in the industry.
“As a leader in tax and accounting technology, Thomson Reuters has direct insight into the complexities its clients face as crypto continues to grow as an asset class. Ledgeable is the leading crypto tax software for professionals, and this investment reflects Thomson Reuters Ventures’ commitment to its clients through investment in emerging technologies. “We are pleased to be a part of Thomson Reuters Ventures,” stated. Tamara Stephens, Managing Director of Thomson Reuters Ventures, stated.
Ledgible Crypto Tax &is accounting platform supports integration between leading blockchains, cryptocurrency exchanges, wallets, and professional accounting tools. As a bridge between crypto assets and traditional financial accounting, Ledgible determines crypto tax liabilities and delivers that data to all professional tax filing systems as well as general ledger accounting systems. The platform features customer management, collaboration-driven workflows, and team management and is used by tax and accounting professionals worldwide.
Ledgible is an AICPA SOC 1 & 2 guaranteed tax reporting and portfolio tracking platform for crypto assets for professionals, businesses and consumers. The Ledgible Crypto Platform is the proven crypto asset solution for tax and accounting professionals at the world’s leading accounting firms, institutions, and major crypto companies.Ledgible Crypto Tax Pro is used by thousands of firms to make professional and client tax reporting tax filing for professionals and clients alike. For more information, visitledgible.io
EJF is a global alternative asset management firm headquartered outside of Washington, D.C., with offices in London, England and Shanghai, China. As of March 31, 2022, EJF had a diversified EJF manages approximately $5.1 billion across its group of alternative asset strategies and employs approximately 80 people, including a seasoned investment team of approximately 30 professionals with extensive experience in banking, finance, fintech, and real estate. The firm was founded in 2005 by Manny Friedman and Neal Wilson and has focused on event-driven regulatory investments since its inception.
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