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Beppo secures pre-seed funding led by Wavemaker Partners to acquire JuanTax and five bookkeeping firms

May 29, 2024about 1 year ago

Round Type

seed

MakatiFinancial ServicesSoftware

Investors

Undisclosed Angel InvestorsWavemaker Partners

Description

Beppo has raised an undisclosed sum in a pre-seed funding round led by Wavemaker Partners, enabling the acquisition of JuanTax, an online tax platform accredited by the Bureau of Internal Revenue in the Philippines, as well as five local bookkeeping firms. The funding will also support Beppo's plans to expand its presence in the Philippines by forming partnerships with other similar service providers.

Company Information

Company

Beppo

Location

Makati, Metro Manila, Philippines

About

Beppo is a Philippines-based bookkeeping and tax filing platform that offers automated accounting and tax compliance services to small and medium enterprises, utilizing optical character recognition (OCR) software to extract data from receipts and other printed documents.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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