Taxfix, The Berlin-Based Mobile Tax Filing App, Raises $220M At A $1B+ Valuation

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Tech is rushing in to fill that gap, and today a Berlin-based startup called Taxfix, which has built a popular mobile assistant to address the former of these, is announcing a big round of funding to fuel its growth. It has closed a Series D of $220 million at a valuation of over $1 billion, money that the startup will be using both to build in more products to extend its touch points with customers beyond annual use around tax time; and to expand to new markets beyond its current footprint of Germany, Spain and Italy. The startup has had “millions” of downloads of its app across its three current markets of Germany, Spain and Italy up to now, working out to over $1 billion in taxes refunded for those who fill out their forms using its mobile assistant. Ott would not be drawn out on which markets the company will tackle next, except to point out that it’s focusing on countries where the systems from the state are hard to use, and there are not many alternatives out there currently to address that issue. Taxfix isn’t a business process automation startup per se, but it takes something of the stance as one, in building its products for the consumer market:“We’ve hacked the brain of a tax accountant into codes,” Ott notes.