VATBox

regtechcompliancedata managementgovernance

FOUNDING YEAR: 2012
LOCATION: United Kingdom
Last Update: 24/01/2020

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About

VATBox offers peace of mind with our automated cloud-based technology. Recover VAT with complete compliance and genuine governance. Our state-of-the-art patented technology puts companies in control, providing total transparency and insight into all employee travel and expense transactions, foreign account payables, shipping (DDP), and all other invoices automatically identified with reclaimable VAT. Our simple-to-use dashboard offers drill-down analytics, effortlessly streaming compliant data from all VAT receipts and submitting VAT reclaims to the relevant authorities. Built by smart, passionate software engineers and VAT experts, our hassle-free solution minimises overheads and maximises refunds on domestic and foreign VAT.

MEDICI Analysis

VATBox is a cloud-based platform that automates VAT recovery and enables compliance & governance. VATBox looks to streamline the complex VAT recovery process to make it accurate, productive, and yielding.

Focus

PRODUCTS & SERVICES

VATBox provides automated cloud-based VAT recovery and governance for foreign VAT, domestic VAT, accounts payable, inter-company, conventions, and shipping/DDP. It also ensures that all the tools and equipment are properly charged and correctly identified, and after checking for eligibility, recovers all the qualified VAT.

REVENUE MODEL

The company follows SaaS based revenue model.

MAIN CLIENTS

VATBox has more over hundreds of customers including Eli Lily

Danone

3M

Nike

Dell

Amazon

etc.

Traction

VALUATION / MARKET CAP:

$133.33 M in 2017

People

FOUNDERS

Isaac Saft

Noam Guzman

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Mastercard Startpath

Target Global

Viola Group

KEY EMPLOYEES:

Noam Guzman(President); Isaac Saft(CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

2

TOTAL FUNDING

$50 M

DATE OF LAST FUNDING

Feb 2017

TOTAL FUNDING COMMENT

The company will use funds to expand globally and improve the product solutions.

FUNDING SERIES

SERIES A  · $6 M  · Dec 2012

OTHERS  · $44 M · Feb 2017

LISTED

NO

COMMENT

Venture funding: $50 M(Feb 2017)

Innovation Programs

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