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Home FinTech

Korean startup SSEM’s Tax App for businesses skyrockets to 500,000 subscribers in a month

Richard Park by Richard Park
May 18, 2023
in FinTech
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SSEM

SSEM app is a tax management tool

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The importance of reliable and efficient tax apps cannot be overstated in an era where tax regulations and reporting requirements are constantly evolving. Korean tax management appSSEM has experienced remarkable growth in its user base, surpassing 500,000 subscribers within a month. This surge in membership can be attributed to the app’s ability to simplify the complex tax reporting process and provide entrepreneurs with a cost-effective solution.

Korean startup SSEM, which has developed the app, attributes the remarkable surge in membership to the app’s ability to simplify the complex tax reporting process and provide entrepreneurs with a cost-effective solution. By offering a comprehensive tax reporting service that adapts to changing tax laws and diverse reporting scenarios, SSEM has positioned itself as a trusted and indispensable tool for individuals seeking to meet their tax obligations efficiently.

SSEM subscribers
SSEM subscribers

The cumulative number of subscribers of SSEM, which introduced a tax reporting service in January 2019, was 12,000 in 2020, and the cumulative number of subscribers increased by more than 42 times in 3 years. The members exceeded 400,000 in mid-April, achieving more than 1 million cumulative app downloads in July 2022. The app has received favorable user reviews, with both Google Play and Apple App Store ratings of 4.8 out of 5.

As entrepreneurs embrace the convenience and accuracy offered by SSEM, the app continues to expand its services and solidify its position as the leading tax reporting app in the industry. The SSEM calculates the global income tax amount that individual entrepreneurs must pay by May 31st for free, and then clicks help the users file a tax report at a reasonable price of ‘33,000 won’ with ‘mobile one-touch.’

A company representative from SSEM said, “As a result of introducing an algorithmic tax reporting service that reflects the tax laws and various reporting cases that change every year, SSEM has established itself as a tax reporting app with the largest number of subscribers in the same industry. We will upgrade to various services that can help respond and focus more on the business of individual entrepreneurs.”

Also Read,

  • Naver Z-Softbank launch shop on metaverse platform ZEPETO that has over 300 million subscribers
  • Korean startups get named in FT’s list of ‘High-Growth Companies in Asia-Pacific’
  • Korean Fintech startup Viva Republica’s Toss becomes a Financial Super App with fresh funding of $173 million
  • Korean startup The Service Platform secures funding for innovative online tax refund platform targeting foreign tourists
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Tags: BusinessesgrowthKorean StartupSSEMsubscriberstax app
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