Taxo Lands 12m For Tax Automation
Taxo, a taxtech startup, has raised $1.2 million in pre-seed funding to automate tax preparation for individual taxpayers. Founded by David Paredes, Jacobo Moreno, and Constanza Martínez, Taxo simplifies the tax preparation process, aiming to reduce the operational workload for accountants by up to 90% and focusing on client acquisition.
Taxo is designed for tax professionals working with individuals not required to keep electronic accounting, targeting a specific market of over 12 million contributors. With this investment from backers such as Seedstars, 500, BuenTrip, Newlin Ventures, among others, Taxo plans to grow its user base by 160% and process over 200,000 tax declarations. TaxoRed, the platform’s client acquisition channel, helps accountants expand their client base by streamlining administrative tasks.
Initially concentrating on the Mexican market, Taxo intends to expand its services to Peru and Colombia, aiming to become a leading platform for tax declaration automation in the region. It integrates additional services like payment tools for accountants and uses AI to enhance the tax preparation process.
Seedstars International Ventures and Chévez, Ruiz, Zamarripa y Cía recognize Taxo’s effort to meet the needs of both the public and private sectors, underscoring its utility in enabling accountants to provide more strategic value to their clients through efficient technology use.
