The Helvetia Venture Fund is investing in Taxly. The Zurich-based tax tech company provides a simple solution for completing and filing tax returns. Prompted by specific questions, the customer is guided through the process and ends up with a filled-out tax return. The software was developed jointly with tax experts. A flat fee (CHF 25 up to age 25, CHF 49 for everyone else) is charged for completing a simple tax return. The fee is higher for more complex tax cases such as property owners. Taxly also offers a B2B model that allows tax advisers to use the Taxly software. The start-up was founded in 2019 and launched its own product range in February 2020 for the cantons of Aargau, Basel-Land, St.Gallen and Zurich There are a lot of expats and students among Taxly's users. 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.
Interfaces provide opportunities for cooperation
In addition to the funding investment made through the Venture Fund, Helvetia also aims to establish operational cooperation with start-ups. Taxly offers some interesting link-ups here: for instance under Helvetia's "Home" ecosystem, which MoneyPark, Switzerland's largest independent mortgage and real estate specialist, is part of. Acquiring property always throws up questions regarding tax and tax-optimized financing. "With Taxly we are piloting an interesting complementary service for sections of our customer base. On the other hand, our financing and real estate experts provide help with tax-optimized property searches and financing", is how MoneyPark founder and CEO Stefan Heitmann describes the partnership. Helvetia also plans to use Taxly to assist customers with pension matters. "Taxly's radically simple yet impressive process strikes the right chord with customers. Thanks to digital interfaces, the start-up also offers interesting opportunities for cooperation with partners when providing additional services", remarks Martin Tschopp, Chief Customer Officer of Helvetia Switzerland, summing up the reasons for the investment. Daniel Kershaw, founder and CEO of Taxly, adds: "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."
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