TaxBuddy firm SSBA Innovations files IPO paper with SEBI
SSBA Innovations, which runs duty gate TaxBuddy, has filed primary papers with capital requests controller SEBI to raise Rs 105 crore through an original Public Offering (IPO). The IPO is entirely a fresh issue of equity shares adding up to Rs 105 crore, according to the Draft Red Herring Prospectus (DRHP). Proceeds of the issue to the tune of Rs 65.45 crore will be used for backing stoner accession and business development, Rs 15.22 crore for technological development and balance quantum towards general commercial purpose.
The company is a technology- driven fiscal results and services platform concentrated on furnishing fiscal results in the area of duty planning and form, particular investment advisory and wealth structure to individualities, HUF, professionals, enterprises, and companies registered on its platforms. Incorporated in 2017, SSBA inventions owns two platforms– TaxBuddy and Finbingo.
TaxBuddy was launched in October, 2019, that offers supported duty (ITR and GST) planning and form, advisory and IT notice operation and Finbingo was launched in May 2022 that offers fiscal results, including planning, premonitory and wealth operation. Systematix Corporate Services has been appointed to manage the company’s IPO. The equity shares of the company will be listed on the BSE and NSE.
About SSBA Innovation
We are a technology-driven financial solutions and services platform focusing on providing end-to-end financial solutions in the area of tax planning and filing, personal investment advisory and wealth building to individuals, HUF, professionals, firms, and companies registered on our platforms in India.
Our first platform, TaxBuddy offers assisted tax (ITR and GST) planning and filing, advisory and IT Notice Management (“Tax Solutions”) and subsequently, our second platform, Finbingo offers financial solutions including planning, advisory and wealth management (“Financial Solutions”). Over the years, we have transformed from being an online tax filing platform to a one-stop-shop for end-to-end Tax Solutions and Financial Solutions provider at an affordable cost.
Vision & Mission
Our Vision is to create Fintech offerings that are meaningful, impactful and long lasting for consumers. Be it tax compliance, tax planning, financial planning, investment advisory or any other financial service, we want to bring the most efficient solutions via technology that can benefit consumers and improve their lives in the long run. Our Mission is to provide accurate tax compliance solutions and fiduciary investment solutions to our customers by leveraging modern technology.
Organizational Values
Client Trust – Build trust and surpass client expectations consistently
Innovation – Our constant change: Strive relentlessly to innovate to bring efficiencies, growth and increased competitive advantage
Integrity and Transparency – Be ethical, sincere and open in all our transactions to bring value to our business
Organizational Objectives
– Reliable products/services
– Great customer service
– Ensure compliance
– Grow shareholder value
– Diversify and grow revenue streams
Our organization runs on the underlying belief that technology exists to make our lives simpler. Traditional approaches to predictive modelling can often be time-consuming, yet inaccurate. We believe that complex decision making can be made simple by efficiently using technology to replace manual effort in choosing from a wide range of options and arriving at the best possible solution for your needs.