Cryptocurrency accounting and tax startup Node40 has completed a $12 million financing round, led by Card1Ventures

ChainCatcher news, according to biz journals, the crypto accounting and tax startup Node40 announced the completion of a $12 million financing round, led by Card1Ventures. The funding will be used to accelerate the development of its tool products and expand its IT team, while also strengthening its collaboration with regulatory authorities.

According to reports, Node40 primarily provides enterprise-level digital asset accounting and tax services for large investment advisory firms, ensuring that relevant reporting, evidence collection, auditing, and tax accounting information meet the requirements of regulatory agencies.

According to data from the crypto platform RootData, Node40 completed a $4 million financing round on April 19 of this year.