Redalpine Invests In Taxfix – The Mobile-First Tax Assistantby Fintechnews Switzerland October 3, 2017
Redalpine announce to invest int Taxfix, the mobile tax assistant that’s finally making the submission of your tax return and claim of refunds easy. Redalpine leads the € 2 Mio Seed round together with Swedish investor Creandum.
Billions of tax refunds remain unclaimed because the tax refund submission process is too cumbersome and intransparent. In Germany alone, millions of tax payers rather waive their right of a € 935.- average tax rebate per year than jump through the hoops of current submission and refund claim processes.
Through an intuitive and automated mobile-first approach, the company’s founders Mathis Büchi and Lino Teuteberg aim to fundamentally change the way people go about their taxes. Their mobile app allows everyone to file taxes 12 times faster and 10 times cheaper than current solutions:
In a chat-like interface and language without all the technical clutter, Taxfix guides users through a personalized questionnaire. Smart algorithms ensure that all data is entered completely and correctly. The application then directly calculates the outstanding refund, automatically compiles the tax return and, with one click, users can submit it directly from the smartphone to the tax authorities.
Mathis, Lino and the team have developed uniquely scalable technology that allows for fully automated communication with the user and easy accommodation of fiscal differences across countries for future internationalization.
The Berlin-based company was founded in 2016 by the two Swiss serial entrepreneurs Mathis Büchi and Lino Teuteberg. They bring extensive experience from their highly successful previous company Smallpdf which currently serves over 11 mio. users.
Article first appeared on redalpine Blog
Featured image via taxfix facebook page