MainStreet

Identifies and claims tax credits for businesses

San Jose, California, United States

About MainStreet

MainStreet helps businesses find and claim tax credits to save money. Using its own AI technology, the company searches through more than 200 tax credits to identify the ones that fit each business best. Once a business qualifies for these credits, MainStreet manages the entire claiming process, which saves the business time and effort. The company charges a fee for its services and has a team of experts, including Certified Public Accountants and tax specialists, to ensure compliance with IRS guidelines. MainStreet stands out from competitors by having a strong track record, with no clients audited after using their services. The goal of MainStreet is to provide businesses with peace of mind regarding their tax credits, allowing them to focus on their growth.

San Jose, CaliforniaHeadquarters
2019Year Founded
$60.9MTotal Funding
SERIES_ACompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Risks

Recent 30% staff layoffs may impact service quality and client satisfaction.
Valuation drop from $500M to $200M suggests potential financial instability.
Flat 20% success fee model may face pressure for more competitive pricing.

Differentiation

MainStreet uses AI to streamline tax credit identification and claiming processes.
The company charges a flat 20% success fee upon incentive disbursement.
MainStreet has a strong compliance record with no client audits to date.

Upsides

Growing demand for AI-driven tax solutions boosts MainStreet's market potential.
Expansion of government incentives for green practices offers new service opportunities.
Increased fintech and traditional financial institution collaboration opens partnership avenues.

Funding

Total raised$60.94 M
Latest valuation$300.00 M
StageSERIES_A