Taxo
We empower accountants and help them grow.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $1.2m | Seed | |
| Total Funding | 000k | ||
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Taxo.co is a Mexican financial technology company that has developed a specialized software platform for accountants. Founded in 2022 by David Paredes and Constanza Martínez, the company aims to streamline tax-related workflows for accounting professionals who serve individual taxpayers in Mexico. Co-founder David Paredes previously established Contapp, a startup focused on digitizing invoices and automating tax forms, which provided the foundational experience for Taxo's development.
The core of Taxo's business is a SaaS platform that automates the preparation of tax declaration forms and tax calculations. This automation enables accountants to significantly reduce their operational workload by up to 90%, freeing them up to provide more advisory services and expand their client base. Key features of the software include tools for taxation, work tracking, automation, and client communication, such as a dedicated client terminal, email alert triggers, and the ability to share tax reports and invoices. In addition to its software offering, Taxo operates a marketplace that connects individual taxpayers with accountants, creating a comprehensive ecosystem for tax services.
The company's business model is centered on its software and marketplace services. It operates in the FinTech and SaaS verticals within the Mexican market, with plans for future expansion into Peru and Colombia. Taxo has demonstrated early traction, having processed over 50,000 tax declarations and onboarded 800 accountants and 8,000 taxpayers by early 2024. In March 2024, the company announced a $1.2M pre-seed funding round with participation from investors including Seedstars, 500 Latam, BuenTrip, and Newlin Ventures. This capital is earmarked for consolidating its presence in Mexico, with a goal of increasing its customer base by 160% and processing 200,000 tax declarations in 2024.
Keywords: tax automation, accounting software, FinTech Mexico, tax declaration, tax calculation, accountant marketplace, SaaS for accountants, taxtech, Latin America FinTech, David Paredes, Constanza Martínez, tax compliance, financial software, digital invoicing, tax management platform, pre-seed funding, 500 Latam, Seedstars