Soraban
Soraban is a B2B finance and accounting firm based in Tempe and Phoenix, AZ, specializing in automating data intake and service delivery for tax firms. The company offers products like Collect and Deliver, with integration options for various software and is currently pursuing SOC 2 certification.
Founders
Soraban emerged from the Y-Combinator batch of W21 and has garnered attention with significant investments. Although the identities of the founders are not specified, their involvement in securing over $4.5 million in funding from notable investors like Village Global, PHX Ventures, AZ-VC, Liquid 2, and others is indicative of a strong leadership team.
Locations
Soraban operates from two primary locations in the United States: Tempe, AZ and Phoenix, AZ. These offices utilize a partly remote and fully remote model, allowing them to attract talent from a broad geographic area, including across America and Canada.
Industry and Market
Soraban operates in the B2B sector, specifically within Finance and Accounting. Launched in 2021, the company focuses on automating data intake and service delivery processes for tax firms. This niche makes Soraban a critical player in streamlining financial operations and improving efficiency for its business clients.
Products
Soraban offers two core products: Collect and Deliver. The Collect product is priced at $30 per return with a minimum purchase of 50 returns, aimed at automating data intake processes. The Deliver product is priced at $20 per return, also with a minimum of 50 returns, focusing on service delivery. Additionally, a combined Collect + Deliver package is available for $45 per return, with a minimum purchase of 50 returns. Custom pricing is offered for requirements exceeding 150 returns or more complex workflows.
Technology Integration and Security
Soraban integrates with several software solutions, including Dropbox, ShareFile, SmartVault, Zapier, and DocuSign, ensuring seamless workflows for its clients. The company prioritizes security through the use of cloud storage APIs for secure and compliant data storage. Soraban is also undergoing SOC 2 certification to meet stringent security standards, enhancing trust and reliability in its service offerings.
History of Funding
Soraban has raised over $4.5 million in funding since its inception in 2021. The funds have been secured from prestigious sources, including Y Combinator, Village Global, PHX Ventures, AZ-VC, and Liquid 2, among others. This financial backing highlights the confidence investors place in Soraban's business model and potential for growth.
