Vertex Announces Strategic Investment in AI Tax Compliance Startup Kintsugi
Vertex, Inc. - Class A (VERX)
Company Research
Source: GlobeNewswire
KING OF PRUSSIA, Pa., April 30, 2025 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), a global provider of indirect tax technology solutions, today announced it has completed a strategic investment in Kintsugi, a San Francisco-based, AI-native startup focused on automating sales tax compliance for small and mid-size businesses (SMBs). Terms of the agreement include a $15 million minority investment representing a 10 percent ownership interest, as well as IP sharing and a commercial arrangement. Additionally, Vertex will join the Kintsugi Board of Directors. The adoption of tax automation solutions is growing substantially as businesses face increasing compliance complexity associated with eCommerce and SaaS growth, cross-border trade and a patchwork of new tax regulations. Kintsugi automates the entire sales tax compliance lifecycle for small businesses, including tax calculations, filings, and compliance monitoring across multiple jurisdictions. Founded
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VERX
Earnings
- 11/3/25 - Beat
VERX
Sec Filings
- 12/3/25 - Form 4
- 11/20/25 - Form 8-K
- 11/10/25 - Form 3
- VERX's page on the SEC website