Berlin-based financial tax platform Taxfix has announced its acquisition of London-based TaxScouts, a company specializing in accountant-assisted digital tax filing. This strategic move marks the german firm’s entry into the UK market and strengthens its position in European financial technology, extending its services across Germany, the UK, Spain, and Italy.
Although the transaction terms remain undisclosed, this acquisition aligns with Taxfix’s international growth strategy. Founded in 2017, TaxScouts has built a significant presence in the UK and Spain, supported by over 150 tax accountants. By combining TaxScouts’ expertise in tax accountant support with Taxfix’s self-service tax filing and expanding tax expert services, the merged entity aims to provide superior customer experiences and streamline the tax filing process for more people.
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Leadership and Team Integration
Post-acquisition, TaxScouts’ team of 40 will integrate with Taxfix. Malcolm Cowley, CEO of TaxScouts, will continue to lead the team within the Taxfix Group. Co-founders Kaupo Korv and Daniel Karger will remain as Chief Product Officer and Chief Technology Officer, respectively, working closely with the german leadership team.
Cowley expressed enthusiasm for the partnership, stating, “Joining the Taxfix family allows us to leverage their innovative approach and extensive resources to enhance our services in the UK and Spain. Our teams share a common mission to simplify tax filing and alleviate stress for everyone.”
About TaxScouts
TaxScouts, led by Malcolm Cowley, offers a tax and accounting platform with a network of over 150 accredited accountants, providing expert tax advice and filing solutions. Founded by former employees of fintech giants Wise and MarketInvoice, TaxScouts has raised £9.2 million in funding from investors including Octopus Ventures, SpeedInvest, Seedcamp, and a CrowdCube Campaign. The company operates from offices in London, Madrid, and Tallinn.
About Taxfix
Founded in 2016, Taxfix is a leading financial tax platform with over 6 million app downloads across Germany, Italy, and Spain. The company has assisted over 5 million customers, securing more than €3.5 billion in refunds for European tax filers. Supported by investors such as Index Ventures, Valar Ventures, Creandum, Redalpine, and Teachers’ Venture Growth (TVG), Taxfix is on a sustainable growth trajectory, marked by its successful acquisition of Steuerbot in 2023.
CEO Martin Ott, highlighted the significance of the acquisition: “The addition of TaxScouts marks a significant step in our European expansion. Together, we can better address the diverse needs of taxpayers across Europe and help even more people take control of their finances, starting with their tax returns.”
With this acquisition, the german compay is set to enhance its services and expand its reach, solidifying its position as a leader in the European tax filing market.
