Madrid-based TaxDown raised €4 million from BBVA Spark. The funding is supported by the European Union’s NextGenerationEU programme and the European Investment Fund (EIF), with additional backing from Spain through the State Compartment of the InvestEU programme. Funds will be used to invest in AI, improve product, and simplify tax processes for users.
About TaxDown
TaxDown is a fintech company focused on digital taxation that combines proprietary technology, artificial intelligence, and expert support to help individuals plan, optimise, and file their taxes. The platform enables process automation, personalised tax guidance, filing of tax returns, deduction identification, and access to expert advice. It operates in Spain and Mexico.
Madrid, Spain
Read Company ProfileFrequently Asked Questions
What type of funding round did TaxDown raise?
TaxDown raised a unspecified round.
How much did TaxDown raise in its unspecified?
TaxDown raised $4,000,000 EUR in its unspecified.
Who invested in TaxDown's unspecified?
The investors in TaxDown's unspecified are: BBVA Spark, European Investment Fund, European Union (NextGenerationEU), Spain (State Compartment of the InvestEU programme).
What type of investment was TaxDown's unspecified?
TaxDown's unspecified was a equity investment.
How will TaxDown use the funds from its unspecified?
TaxDown plans to use the funds for: support company growth, develop new AI-based solutions, expand technology team.