Complyt

Company Overview

Snapshot

Founded in October 2021 by Tal Bar, Complyt operates with 11–50 employees. The company has raised $5 million across one funding round from one investor. In May 2023, Complyt announced that its SOC 2 compliance report was underway, signaling a commitment to robust security and operational standards.

Business overview

Complyt provides automated sales tax compliance solutions for businesses across various industries, including SaaS, retail, e-commerce, and professional services. Its platform assists companies in monitoring, calculating, filing, and remitting sales taxes within the U.S., ensuring compliance across diverse state and jurisdictional requirements. The company operates within the Fintech & Insurtech sector, specifically focusing on Financial Operations Software, and leverages Artificial Intelligence and Software platforms to serve financial services and enterprise clients.

Strategic signal

In May 2023, Complyt announced that its SOC 2 compliance report was in progress. This development is a strong signal to investors and potential clients regarding the company's commitment to data security, privacy, and operational integrity, which are critical for trust and scalability in the financial operations software market.

Company Intelligence Q&A

When was Complyt founded?

Complyt was founded in October 2021.

Who are the founders of Complyt?

Tal Bar is a co-founder and CEO of Complyt.

What is Complyt's primary focus?

Complyt focuses on providing automated sales tax compliance solutions for businesses across various industries, helping them manage sales taxes in the U.S.

What was a significant operational update for Complyt in 2023?

In May 2023, Complyt announced that its SOC 2 compliance report was underway, indicating progress toward enhanced security and operational standards.