Taxdoo takes over accounting pioneer accountDigital
The Hamburg-based fintech scaleup Taxdoo has acquired 100 per cent of accountDigital from Mülheim-Kärlich. The approximately 30 employees will remain on board. The parties have agreed not to disclose the purchase price. With the acquisition of the company specialising in e-commerce, Taxdoo is adding an AI-supported accounting solution to its offering for tax firms and online retailers.
Taxdoo is one of Hamburg's most successful startups
Taxdoo is a market leader in software solutions for VAT and financial accounting in e-commerce. Founded in 2016 by Dr Christian Königsheim and Dr Roger Gothmann, the scaleup counts about 2,000 companies and 800 tax firms among its customers and partners. It currently employs around 150 people. In 2021, it completed a series B financing round totalling 57 million euros. Taxdoo helps to overcome the complex VAT hurdles in the EU and the UK and to reduce the workload for financial accounting by up to 80 per cent. The automated tax assessment of all e-commerce transactions - from sales and payments to fees - enables even small tax firms to manage large mandates.
accountDigital is already successful with its artificial intelligence-supported solution for e-commerce accounting. It will be gradually integrated into the Taxdoo offering with immediate effect. In future, customers will be able to outsource manual routines such as bookkeeping, or the preparation of VAT returns to Taxdoo. Among other things, the platform will be capable of providing analyses of profitability and liquidity. Stefan Gostomzik, founder of accountDigital, will remain with the new Taxdoo subsidiary as a consultant. He explains: ‘We have been looking for a growth partner for a long time and couldn't be happier about the acquisition by Taxdoo. We are looking forward to an environment in which we can optimally establish, further develop and scale our proprietary technology under a strong parent company.’
