Helvetia Venture Fund Invests in Taxtech Startup Taxlyby Fintechnews Switzerland February 10, 2021
Swiss venture firm Helvetia Venture Fund announced that it is investing in Taxly, a Zurich-based tax tech company for an undisclosed amount.
Taxly aims to use funding from the financing round to further improve its offering for the coming tax period and extend it to other cantons.
Taxly was founded in 2019 to help its customers to complete and file their tax returns. The startup launched its own product range in February 2020 for the cantons of Aargau, Basel-Land, St.Gallen and Zurich.
In addition to the funding investment made through the Venture Fund, Helvetia also aims to establish operational cooperation with other startups.
Taxly offers some interesting link-ups; for instance under Helvetia’s “Home” ecosystem, which MoneyPark, Switzerland’s independent mortgage and real estate specialist, is part of. Helvetia said that this presents a unique opportunity as acquiring property always involves questions regarding tax and tax-optimised financing.
Helvetia also plans to use Taxly to assist its customers with pension matters.
Martin Tschopp, Chief Customer Officer of Helvetia Switzerland remarked summing up the reasons for the investment,
“Taxly’s radically simple yet impressive process strikes the right chord with customers.
Thanks to digital interfaces, the startup also offers interesting opportunities for cooperation with partners when providing additional services”,
Daniel Kershaw, founder and CEO of Taxly added,
“With a company like Helvetia backing us, more and more people will start to notice us.
Together with the planned product improvements, this creates the ideal basis to achieve our ambitious targets in the coming tax period.”
Featured image credit: Taxly App Illustration via Taxly