K1x, a financial technology SaaS company based in Morristown, NJ, secured $20M in funding.

The funding round was led by Edison Partners. The capital will be directed towards product innovation and business expansion.

K1x, under the leadership of CEO John LaMancuso, offers a platform for alternative investment tax compliance and seamless tax-exempt filings. Their customers include top accounting firms and institutional investors.

This latest financing brings K1x’s total funding to $40M, positioning them strongly in the capital markets industry with their patented, AI-powered solutions.