Quicko

About Quicko

Quicko operates as a financial technology firm based in Ahmedabad, India, focused on simplifying tax compliance for individuals and businesses. Founded in 2015 by Vishvajit Sonagara and Anand Satyapanthi, the company provides a comprehensive online platform for filing income tax, GST, and TDS returns. Sonagara, a computer science graduate with a background at Thompson Reuters and Fidelity, was inspired to create Quicko after observing the complexities of personal finance and the potential for technology to simplify them. His experience during the 2008 financial crisis highlighted the importance of sound financial planning.

The company's business model revolves around a product-led growth strategy, offering a freemium service. The basic plan allows users to file simple returns for free, attracting a large user base. Revenue is generated through its 'Pro' subscription plan, which offers advanced features like integration with multiple brokerage and crypto accounts, and 'MEET', an online tax advisory service that connects users with tax experts. This tiered approach caters to a wide spectrum of clients, including salaried individuals, investors, traders, freelancers, and small business owners. In December 2019, Quicko secured $280,000 in a seed funding round led by Rainmatter, a fintech fund and incubator by Zerodha.

Quicko's platform is designed as a do-it-yourself software that streamlines the entire tax filing process. Key features include the ability to upload Form 16, automatic selection of the correct ITR forms, tax calculators for comparing old and new tax regimes, and tracking of tax refunds. For investors and traders, the platform facilitates the calculation of capital gains and helps with tax-loss harvesting strategies. The company has also expanded its offerings to include Quicko Pro, a practice management software for chartered accountants, and Sandbox, which provides tax-related APIs for enterprises. This positions Quicko not just as a tax-filing tool but as a broader financial wellness platform that encourages year-round tax planning and management.