Every week, Taxfix sends thousands of tax returns to tax offices throughout Germany, with many of these users filing for the very first time. More than €5 million per week in tax refunds flows back to Taxfix users — an amount that would not otherwise be claimed.
Germany is not the only country that suffers from a lack of fast, user-friendly tax filing options. More than 700 million tax returns are submitted worldwide each year, and so Taxfix has plans to go global – revolutionising the tax market by greatly simplifying the process to help millions of taxpayers receive and optimise their refunds, while reducing the time spent to a mere 22 minutes.
“We are very proud of what we have achieved thus far,” added Büchi. “We’re grateful that our existing investors continue to invest in our mission and recognise its global potential. Together with Valar Ventures, Creandum and Redalpine, we can now make further investments to fundamentally change the tax market, not only in Germany but on an international scale.”
“It is time for a digital revolution in the tax market, and Taxfix is leading the way,” said James Fitzgerald, General Partner of Valar Ventures. “The company fits perfectly into our investment strategy in the financial service industry, where traditional providers are burdened by legacy systems and saddled with cost structures that make it increasingly difficult to compete with new tech-forward entrants. The team’s unity of purpose and speed of execution over the past year has made it particularly easy to want to lead successive financing rounds in the company.”