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Taxfix Raises A $65 Million Series C Round

two men sitting in an office
Taxifix founders Lino Teuteberg and Mathis Buchi

Taxfix  raised 65 Million Dollar.  The Series C round was led by Index Ventures and existing investors Valar Ventures, Creandum and Redalpine participated in the round.

Since its launch, Taxfix has helped collect €270 million for its users. Many of them would never have bothered to file a tax return before. However, the digital tax app reduces the painful and time-consuming process of filing a tax return to a matter of minutes by simulating a conversation with a friendly tax accountant.

The company is currently processing around two million euros of refund a day, and its revenues have more than tripled in the past 12 months. The company counts more than 40,000 five-star-reviews in the Apple and Google Play store.

Swiss serial entrepreneur and Taxfix co-founder Mathis Büchi :

"We are not particularly passionate about taxes per se, but we care about helping people with things they really struggle with. Right now, with the financial pressure, people are facing with COVID-19, it’s particularly important that people can easily claim back their tax refunds."

The company plans to use the additional funding to extend it's 200-strong team by another 100 people, expand its operations in Europe and offer additional tailored financial services, such as helping users with investments, credit and other kinds of financial products. Their goal is to become a personal digital financial accountant to help people not just optimize their taxes but optimize their finances in general.

For more information read Taxfix's press release, this TechCrunch article or this Handelsblatt article.  


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