Blockpit: Crypto transaction and tax reporting platform for investors and traders

An Austrian crypto-taxation startup, Blockpit AG needed to help crypto investors and traders navigate local tax laws and report transactions accurately. CML Team's developers augmented its team for back-end and front-end development of critical components and microservices. According to Magnus Berchtold, CPO and Co-Founder of Blockpit AG, the collaboration began in 2018.

Client: Blockpit AG, Austria
Industries: FinTech
What we did: CML Team's developers augmented Blockpit's team for the back-end and front-end development of critical components and microservices.
Team: 4 people
Funding raised: $11M

Who is the client behind Blockpit?

Blockpit AG is a leading Austrian crypto-taxation startup that secured $11M in Series A funding. It was awarded "Best Blockchain Startup in Central Europe" and is part of Austria's startup300 ecosystem.

www.blockpit.io

What problem did Blockpit have?

With the rise of cryptocurrencies, navigating local tax laws became a significant challenge for investors and traders. They urgently needed an easy way to manage and report crypto transactions. This led Blockpit to seek CML Team's experienced developers to strengthen its team.

What did CML Team build for Blockpit?

Aggregation of transaction data from major centralized crypto exchanges, including Binance and Coinbase
Integration with well-known blockchain wallets such as Metamask and Ledger
Transaction tracking and management for investors and traders
Upload of transaction histories
Crypto portfolio management
Tax calculation for crypto transactions
Automated tax reports based on each user's location and tailored to country-specific tax-residency rules

What was the result for Blockpit?

The platform significantly simplified crypto taxation, ensured compliance with tax laws and enhanced the overall efficiency of managing crypto investments. It offered efficient tax reporting in line with international regulations and enhanced the experience for crypto investors. It served both seasoned and occasional investors.

Client feedback

Throughout the years, they are showing total dedication to us. Since 2018, we've been working with CML Team LTD, and they still provide the same amount of dedication to helping the client succeed and valuable guidance to accommodate issues and questions.