ExpressGroup, a Hamburg, Germany-based fintech firm, raised €25m in Sequence A funding.
The spherical was led by Perception Companions and Venture A Ventures.
The corporate intends to make use of the funds to develop the group internationally and to launch aligned merchandise in additional fintech verticals.
Based in 2019 by Maximilian Lambsdorff, Dennis Konrad, Konstantin Loebner, Mehdi Afridi and Andreas Santoro, ExpressGroup offers fintech merchandise for the working class and center class, beginning with taxes. Its first product, “ExpressSteuer,” makes use of an AI-powered backend system that permits platform companions corresponding to accounting corporations, tax consultants, and attorneys to course of tax circumstances in a couple of minutes. The system makes use of machine studying and automation options, which together with guide work makes processing revenue tax returns simpler, faster, and extra correct.
In line with a written observe, the product was effectively acquired by the target market permitting the corporate to develop to over €45 million GMV run-rate in underneath 12 months.
FinSMEs
05/04/2022
