A Lincoln-based firm, Recap, has secured a £300,000 grant to develop a collaborative platform for crypto tax calculation services. The platform, focused on privacy, aims to streamline and automate the tracking and processing of crypto asset transactions. Recap’s CEO, Daniel Howitt, stated, ‘Our goal is to empower accountancy firms offering cutting-edge technology that provides AML reassurance.’
Consortium of Industry Experts and Expansion Plans
Recap’s consortium of industry experts, including pioneers in fund analytics and top UK crypto specialist accountancy firms, will work on strengthening the platform’s capabilities. The grant, funded by Innovate UK, will support a 12-month project to expand Recap’s team and drive innovation in the crypto industry. The expansion of Recap’s digital hub in Lincoln is expected to boost the city’s economic landscape.
“Our goal is to empower accountancy firms offering cutting-edge technology that provides AML reassurance. ”
Recap’s Ambitious Drive to Revolutionize Crypto Industry
The grant represents a significant investment in Recap’s growth trajectory, with plans for its current team of five to expand significantly with new hires. With HMRC urging crypto holders to disclose gains, Recap aims to become the go-to provider for cryptocurrency accounting software. The platform’s collaborative effort with industry experts and its dedication to innovation could revolutionize crypto asset management and empower accountancy firms.
Read more here at https://businesscloud.co.uk/news/recap-secures-300k-to-develop-crypto-tax-platform/
