Stripe, a payment processing platform, has acquired TaxJar, a provider of cloud-based tax services. All of TaxJar’s 200 employees will be part of Stripe once the acquisition is complete.

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WHO ARE THE PARTIES TO THE DEAL?

  • TaxJar – Based in Boston, TaxJar offers a range of cloud-based tax services, such as localized sales tax rates at checkout and submission of tax returns to local jurisdictions. It also enables e-commerce businesses and users to automatically calculate, report, and file their sales tax forms. The company has about 23,000 customers, including Microsoft, Coca-Cola, and more.
  • Stripe – California-based Stripe’s payment processing platform allows merchants to accept online payments and process financial transactions in over 100 countries. The company is currently valued at $95B.

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The post Stripe Acquires TaxJar To Integrate Sales Tax Services To Its Platform appeared first on CB Insights Research.

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