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Taxo raised $1.2M in pre-seed funding led by Seedstars and 500 to automate tax preparation for individual taxpayers.

Mar 27, 2024over 1 year ago

Amount Raised

$1.2 Million

Round Type

seed

MexicoAccountingFintechFinancial Services

Investors

Newlin VenturesBuen TripSeedstars

Description

Taxo, a taxtech startup, has raised $1.2 million in pre-seed funding to automate tax preparation for individual taxpayers. With this investment from backers such as Seedstars, 500, BuenTrip, Newlin Ventures, among others, Taxo plans to grow its user base by 160% and process over 200,000 tax declarations. Additionally, Taxo intends to expand its services to Peru and Colombia, aiming to become a leading platform for tax declaration automation in the region.

Company Information

Company

Taxo

Location

Mexico

About

Taxo is a taxtech startup that simplifies the tax preparation process and aims to reduce the operational workload for accountants by up to 90%. It is designed for tax professionals working with individuals not required to keep electronic accounting, targeting a specific market of over 12 million contributors.

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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