VATBox Continues to Revolutionize VAT Recovery and Compliance by Launching Version 6 of Its AI Platform
VATBox Ranked #91 on the Inc5000 European fastest growing companies!
VATBox Continues Pan-European Expansion
VATBox, the recognized leader in automated VAT recovery & compliance announced today, the joining of Remco Dewaerheijt to its executive team. Mr. Dewaerheijt is joining the company as Vice President Tax & Product Strategy, heading the new European Headquarter in the Netherlands. The move reflects VATBox’s continuing growth and expansion in the Europe region.
VATBox Named to the 2017 Fintech 250, Highlighting Advancements in Automated VAT Recovery
CB Insights today named VATBox to the prestigious Fintech 250, a select group of emerging private companies working on groundbreaking financial technology. CB Insights CEO and co-founder, Anand Sanwal, revealed the Fintech 250 companies during The Future of Fintech, a gathering of the world’s largest financial institutions, best fintech startups, and most active venture investors.
Additional $20M in Funding Secured by VATBox
VATBox announced today the successful completion of a $20 million financing round. The investment by Target Global Fund – with the participation of existing investors Viola Private Equity and other private investors – brings the total equity raised since founding to $50 million. The financing will accelerate VATBox’s international expansion and the rollout of its innovative VAT solutions.
Regtech Market Map
Companies are increasingly looking to tech solutions that can help streamline and manage data, processes, filings, and more. A host of tech startups in the regulatory space has emerged that offer a range of software, services, and tools aimed at bringing more data and efficiency to regulatory compliance. This category of tech companies is also called regtech, companies developing technologies aimed at simplifying and streamlining compliance, risk management, reporting, data management, and more.
CB Insights has identified over 100 private companies in regtech and organized them into several categories.
Is There Room for Innovation in VAT Recovery?
Traveldoo checked with VATBox the unique possibilities of VAT recovery with the help of innovative technology.
Many companies throw in the towel when faced with cumbersome and complex manual procedures that leave room for errors, and take little interest in reclaiming VAT on expenses. This source of savings is still seen as poorly controlled and offering limited benefits, so its real potential is often overlooked. This potential is very real, however, with an accepted savings level of 4% of a company’s expenses. So a company that repays 2 million euros in expenses can expect a potential annual saving of between €60,000 and €80 000, provided that the expenses are “compliant” in the eyes of the relevant tax authorities.
The 50 Most Promising Israeli Start-Ups in 2016
To mark Israel’s 68th Independence Day, Calcalist, a leading business publication in Israel, ranked the 50 most promising private Israeli startups. The ranking was put together by soliciting feedback from some of Israel’s top venture funds, including Carmel Ventures, Aleph, 83 North, Magma, Battery Ventures, Innovation Endeavors, Marker and others.
VATBox is a Finalist for the 2016 Red Herring Top 100 Europe Award
VATBox announced today it has been selected as a finalist for Red Herring’s Top 100 Europe award, a prestigious list honouring the year’s most promising private technology ventures from Europe. The Red Herring editorial team selected the most innovative companies from a pool of hundreds from acrossEurope.
Fintech Hubs to Watch in UK, USA & EMEA
As the hype around fintech grows, cities are competing to crow the loudest about their fintech credentials. Here’s a snapshot of the hot hubs to watch this year with key stats, notable exits and who to watch.
VATBox Wins Spot in Inaugural Global MasterCard Start Path Class
Launched in 2014, MasterCard Start Path supports early-stage startups working on the next generation of e-commerce solutions, including building big data, mobile, and cloud-based applications.
VATBox.com Closes $24 Million Growth Round Led by Viola Private Equity
VATBox, the leading cloud-based provider of automated VAT recovery and governance solutions, announced the closing of $24 million in a new financing round led by Viola Private Equity with participation of existing private investors. The funding will further fuel VATBox’s aggressive growth plans, accelerating its expansion in the massive, growing market of VAT recovery and governance.
Concur and VATBox: A Win-Win Combination
Combined with Concur’s Travel & Expense Management Solutions, the partnership will maximise VAT recovery – domestic deductions as well as foreign returns – and ensure visibility and compliance.