Taxfix offers a mobile assistant that simplifies individual tax filing by letting users snapshot payslips and answer a few questions, then files returns for a fee (€39.99 individual, €59.99 couples). The app is live in Germany, Spain and Italy and has seen “millions” of downloads, with over $1 billion in taxes refunded for users who filed through the service. The company was founded in 2016; founders Mathis Büchi and Lino Teuteberg remain chairman and CPO, and CEO Martin Ott joined last year from Facebook. Taxfix does not disclose active-user counts, noting the product is used heavily once a year, which complicates standard mobile metrics. The startup plans to build additional products to extend customer touch points beyond annual filing, including expense-management tools, options to invest tax windfalls, and potential financing and longer-term money-management offerings. Taxfix has raised a $65M Series C led by Index Ventures, with Neil Rimer joining the board. Existing investors Valar Ventures, Creandum and Redalpine also participated in the round. The company began fundraising before the coronavirus outbreak and signed contracts a few days ago. Taxfix offers a mobile app and web product that asks simple, adaptive questions, accepts payslip photos and submits filings to tax offices. It charges €34.99 when it calculates at least €50 in refunds and says it has helped collect €270 million for hundreds of thousands of users. Headquartered in Berlin, Taxfix plans to expand to France and Italy, hire 100 more employees on top of its current 200, and adapt its product to local regulations across European markets. Taxfix is a Berlin mobile-first tax assistant that leverages a smart, dynamic questionnaire and machine learning to let users complete tax declarations in approximately 20 minutes. Users photograph their annual pay slip and work through a personalized question series that optimizes refunds; the app then calculates a predicted tax rebate. The company currently facilitates more than €5m per week in tax refunds for its users. Taxfix was founded by Mathis Büchi and Lino Teuteberg. The company plans to use new funding for further product development and to support a global growth strategy. Taxfix is a Berlin-based startup launched in 2017 that offers a mobile assistant for filing personal tax returns. Its app uses a chatbot-like conversational interface and a proprietary "tax-engine" that lets users photograph payslips, answer tailored questions, receive a predicted tax rebate, and submit filings automatically. Typical customers are 20–35 year-olds who often have never filed a return; Taxfix says it takes about 20 minutes to file with the app versus 3–6 hours with traditional software. For returns generating refunds over €50, Taxfix charges €35 per submission. The company cites that in Germany more than 10 million employees forgo an average rebate of €935, highlighting the market opportunity. Taxfix plans to use new funding for international expansion and to invest heavily in machine learning to advance its tax engine. Taxfix offers a mobile app that replaces traditional tax forms with a conversational interface: users scan their payslip, answer follow-up questions, and the app calculates and submits tax refunds to authorities. The company charges €34.99 to submit a return but waives the fee if the refund is under €50. Taxfix is registered with German tax authorities to use their API and stores user data encrypted, with deletion available on request. CEO Mathis Büchi says millions in Germany miss an average refund of €935, which the app aims to capture by reducing complexity. The company announced a public launch and plans to internationalize its service, with an English-language version due next week. Taxfix has invested in a scalable tax engine designed to adapt tax logic and calculations to other countries without rebuilding the software.

Total raised

$330M

Funding rounds

5

Latest round

Series D

Latest activity

Apr 2022