PwC integrates altshare’s algorithm to streamline startup valuations
With this collaboration, PwC joins EY, which has already been utilizing altshare’s platform for auditing valuation reports.
PwC has partnered with fintech firm altshare to streamline the auditing of 409A company valuations, a critical process for startups and private high-tech firms operating under U.S. regulations.
With this collaboration, PwC joins EY, which has already been utilizing altshare’s platform for auditing valuation reports. Together, the two Big Four firms oversee audits for approximately 80% of Israel’s private high-tech companies and startups.
altshare’s proprietary algorithm is designed to replace traditional, time-consuming valuation methods that relied on Excel spreadsheets and manual calculations. By digitizing the process, the platform accelerates audits, improves accuracy, and reduces costs, allowing firms to focus on more complex financial and strategic questions rather than routine calculations.
Section 409A valuations are essential for companies employing U.S. personnel or Israeli-American citizens, ensuring compliance with U.S. tax regulations.
“Welcoming PwC as a client alongside EY marks a pivotal moment in our mission to transform company valuations,” said Ronen Solomon, founder and CEO of altshare. “This partnership underscores the growing demand for digital solutions in financial auditing, making the process faster and more reliable for companies and investors alike.”
