Sunshine sets aside tax for self-employed individuals as they earn it, pays the IRS on time, and gives your bank a live record that their taxes are covered.
No employer withholds tax for self-employed people. What they owe builds up quietly between quarterly deadlines, and lenders have no reliable way to see it.
Unpaid estimated tax competes with loan repayments. Once the IRS assesses it, it can become a federal tax lien and lead to levies on wages and bank accounts.
1099 income is spread across clients and platforms like Uber, DoorDash and Upwork. Underwriting it takes manual work, so banks decline or overprice.
Fintech apps such as Found now offer self-employed people tax set-asides and in-app tax payments. Customers who move take their deposits and lending relationship with them.
Sunshine finds 1099 earners in your deposit base and estimates the tax they haven't set aside.
BankYou offer Sunshine inside your app under your brand. Customers connect their accounts and income sources.
Customer opts inTax is moved into a dedicated Tax Vault as income arrives, and quarterly IRS payments are made on time.
AutomaticOnce taxes are covered, Sunshine serves a live Decision Packet through an API your underwriting can query.
Live APIYou make pre-approved personal or auto loan offers to customers who were previously too risky to price.
BankMany of your depositors earn 1099 income. Sunshine shows you who they are, keeps their taxes covered, and gives your underwriting proof of it.
A dashboard of customers with 1099 income and the unpaid tax behind them, before anyone is contacted.
Sunshine runs inside your app under your brand, so self-employed customers have a reason to stay.
The Decision Packet API tells your underwriting at origination whether a borrower's taxes are covered.
Tax set aside in the Vault will be held at a partner bank, in an account for the customer's benefit. Miraris is not a bank and does not hold customer funds. We are selecting a partner bank now.
No. Your bank keeps its credit policy and makes every decision. Sunshine supplies a live check of whether taxes are covered, with the income and payment record behind it.
Customers use Sunshine inside your app. Your underwriting queries the Decision Packet through an API. Customers connect their accounts with consent through Plaid.
Deposit data you share with us under a service provider agreement. Customers only join Sunshine by opting in.
We screen a sample of your deposit base and offer Sunshine to a group of customers with 1099 income. We agree up front on the measures that matter to you: sign-ups, tax set aside and loan applications.
An annual platform license, a per-account screening fee, and per-use fees for Decision Packets and funded loans.
The barrier to lending to 1099 earners is hidden tax debt that lenders can't see. Fix that, and an underserved segment becomes lendable at fair rates.
Banks pay a platform license, screening fees, Decision Packet fees and a success fee on funded loans. Customers can upgrade to a paid plan and annual filing.
Launch Sunshine as a consumer app to build a base of active users and real tax records, then bring that data to regional banks for pilots.
A working demo of the customer app, conversations with regional banks, and a seed round of $1.5M to reach the first bank pilot and 5,000 active users.
Sunshine reads your connected accounts, finds income and deductible expenses, and keeps receipts with them.
Move tax into your Vault in one tap, or turn on automation and it happens with every payment you receive.
Estimated tax goes to the IRS from your Vault before each due date, and your True Balance shows what's left.
Anyone who earns 1099 income: drivers, delivery workers, contractors, consultants, creators and other self-employed individuals.
Not yet. Sunshine is in development and the demo uses test data. Leave your email below to hear when it launches.
Every quarter you keep your taxes covered builds your Sunshine Score, which your bank can use to offer you fair loans.
Found offers similar tax tools as its own banking app. Sunshine works through the bank you already use, and turns your tax record into proof your bank can lend on.
The demo runs on test bank data. Connect a few accounts, review the income and deductions Sunshine finds, and move tax into the Vault.
Banks and investors get the full deck by email: business model, pricing, go-to-market and our seed raise. 1099 earners get an email when Sunshine launches.
Rather talk? Email info@miraris.co.