Taxfix Group, a Berlin, Germany-based provider of a financial platform for digital tax filing, acquired TaxScouts, a London, UK-based company which specializes in accountant-assisted digital tax filing.
The amount of the deal was not disclosed.
With the acquisition, Taxfix will enter in the UK market and consolidate its position as a player in European financial technology, offering a range of tax filing services in four of the biggest European markets: Germany, UK, Spain and Italy.
Led by Malcolm Cowley, CEO, TaxScouts provides a tax and accounting platform aiming to take the stress, in-convenience & cost out of doing taxes for taxpayers by combining technology solutions with a vetted network of experienced accountants. With a network of over 150 accredited accountants, it provides expert tax advice and tax filing solutions.
TaxScouts is a tax and accounting platform on a mission to take the stress, in-convenience & cost out of doing taxes for millions of taxpayers by combining innovative technology solutions with a vetted network of highly experienced accountants. With a network of over 150 accredited accountants, TaxScouts provides expert tax advice and tax filing solutions.
Founded in 2017 by former employees of fintech unicorns Wise and MarketInvoice, TaxScouts has raised £9.2m in funding and is supported by Octopus Ventures, SpeedInvest, Seedcamp, and a community-led CrowdCube Campaign. The company operates from offices in London, Madrid and Tallinn. its 40-people strong team will join forces with Taxfix. Malcolm Cowley, CEO at TaxScouts, will continue to spearhead TaxScouts at Taxfix Group. Kaupo Korv and Daniel Karger, founders of TaxScouts, will continue to serve as CPO and CTO at TaxScouts and work closely with the Taxfix leadership team.
Led by Martin Ott, CEO, Taxfix Group is a provider of a financial platform for tax filing, with over 5 million submitted tax returns across Germany, Italy and Spain. It aims to fix finances for all, ensuring everyone can navigate their finances with confidence. The platform with its brands, Taxfix, Steuerbot and now TaxScouts (active in the UK and Spain), offers a broad range of innovative tax filing solutions tailored to diverse user needs and preferences. From the self-filing service app and browser solutions to the expert-service, a guided service where certified tax advisors handle the entire tax return process, Taxfix Group provides easy-to-use tax filing solutions.
The group comprises over 400 professionals, including tax experts, developers, and IT security experts, and has facilitated more than 3.5 Billion euros in tax refunds for its customers.
FinSMEs
02/07/2024