Fintech start-up releases novel AI-powered digital tax Copilot
Fintech start-up Leapifai has launched a digital tax copilot platform designed to modernise tax compliance to create efficiencies that allow accountants as well as financial advisors to serve more clients.
Leapifai’s SaaS platform harnesses advanced AI models and data processing technology to deliver instant, fully statutory-backed tax insights, and streamlined tax research capabilities.
The company, based in Dublin, was founded by Dr Beibei Flynn, a Chartered Tax Advisor with a PhD in machine learning, who has 20 years of experience in delivering large-scale AI system research, development, and deployment projects across finance and tech industries.
Leapifai is currently a participant on the AI Ecosystem Accelerator Programme being delivered by NovaUCD in partnership with CeADAR, Ireland’s Centre for AI and the European Digital Innovation Hub for AI in Ireland.
“With the launch of the Leapifai platform we have created those extra sets of hands and brainpower that tax practitioners have always wished was within reach when needed to cut through complex tax codes and provide insights and illustrative examples in seconds,” said Dr Beibei Flynn, founder and CEO, Leapifai (pictured).
“Our multilayer authorisation, authentication and encryption platform leverages our proprietary technology to analyse and synthesise submitted queries to deliver clear, detailed and practical responses, matched to the most relevant citations, that tax practitioners can immediately apply.
“Staying compliant in a dynamic tax environment requires access to the most current information. Leapifai’s automated system integrates frequent updates from trusted authorities including Revenue, the Irish Statute Book, Courts Service, and the Tax Appeals Commission.
“The platform, which is available at scalable pricing options to suit diverse business needs, currently updates monthly, with the capability for daily updates when significant changes occur, such as updates from a new Finance Act. This approach eliminates the staleness issue associated with the training data cut-offs of general AI models ensuring users always have access to the most up-to-date tax information.”
The Leapifai platform covers all major Irish tax categories, such as Personal Tax, VAT, Corporation Tax, Capital Gains Tax (CGT), Capital Acquisitions Tax (CAT) and Stamp Duty (excluding customs duty) and includes an integrated case management system that automatically stores and organises every user query.
The company, which has to date secured €250,000 in investment, is currently raising an additional €500k in funding.
“We are actively fundraising to extend our pre-seed round to €750,000, which will allow us to integrate UK tax codes into the Leapifai platform and drive sales traction both in Ireland and in the UK,” said Flynn.
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