https://techcrunch.com/2022/09/21/crypto-tax-reporting-app-binocs-helps-users-navigate-regulations/

Keeping up with tax compliance for cryptocurrency can be tricky, especially since many laws are new (or haven’t been written yet). That’s why Binocs was founded. Users integrate their exchanges and wallets, and Binocs provides a tax report and other accounting details. The startup announced today that it has raised $4 million to expand in markets like the United States, United Kingdom and Australia. The round was led by BEENEXT and Arkam with participation from Accel, Saison Capital, Premji Invest, Blume and Better Capital.

Founded in May 2022 by Tonmoy Shingal and Pankaj Garg and based in Bangalore, Binocs currently has over 1,000 users, including retail and institutional investors who need to perform forensic accounting and risk management. Binocs is currently tax compliant in the U.S., U.K., Australia, South Africa and India, with plans to add more markets next month. Part of the funding will be used for product development and Binocs’ go-to-market teams for retail and institutional investors.