Lukka

Lukka-logo.png

Lukka
Lukka-logo.png
Founded 2014
Headquarters New York, New York
Key People Robert Materazzi, CEO; Joe Benson, Founder; Jeremy Drane, Chief Commercial Officer; Nick Ogurtsov, CCO and Chief Risk Officer
Products Tax preparation software and tax consulting for cryptocurrencies
Twitter @lukkatech
LinkedIn Profile
Website Company Website
Releases Company News
Blog Blog, News

Lukka provides software and data services for back-office processing of cryptocurrency transactions particularly for tracking and calculating tax obligations.

Lukka offers products for institutions including cryptocurrency trading platforms, investment fund administrators, trading firms and accountancies. Its core products are its software for tax professionals, crypto office - which transforms decentralized data into formats ready for use, and its reference data archive which covers numerous cryptocurrencies and trading venues.[1]

In January 2020, Lukka received Type 2 Service Organization Control (SOC) reports on tests of Lukka's software's operational effectiveness. The tests were conducted by the accounting firm Friedman LLP enabling Lukka to sell software and services to customers who require third party cybersecurity attestations about their service providers.[2] Friedman LLP provided stablecoin Tether with a widely disparaged report verifying Tether's cash balances in 2017 and dissolved its relationship with Tether shortly thereafter.[3]

In April 2020, the company announced that it had been selected by RSM US, the tax and auditing firm, to provide software for use in tax preparation for clients involved with cryptocurrencies. According to Lukka, RSM tax preparers will use LukkaTax for Professionals and Lukka Crypto Office software. Financial aspects of the arrangement were not disclosed.[4]

After raising $6 million in new funding in June 2020, Lukka took in another $15 million in December 2020 from State Street, S&P Global and the American Institute of Certified Public Accountants. According to Lukka CEO Robert Materazzi, “This is going to be a scaling phase for us” as the company focuses on revenue growth.[5]

References

  1. Solutions. Lukka.
  2. Lukka Becomes the First Crypto Tax Reporting and Data Services Company to Receive Both SOC 1 Type 2 and SOC 2 Type 2 Attestation Reports. Globe News Wire.
  3. Tether Confirms Its Relationship With Auditor Has ‘Dissolved’. CoinDesk.
  4. RSM Selects Lukka as Preferred Provider for Crypto Tax Software Solutions. BusinessWire.
  5. State Street Joins S&P to Fund Crypto-Assets Software Firm. Bloomberg.
Last modified on 11 December 2020, at 17:28