Taxfix Group (“Taxfix”), Europe's leading financial platform for digital tax filing, has entered into a definitive agreement to acquire TaxScouts(“TaxScouts”), the market leader in accountant-assisted digital tax filing. TaxScouts is headquartered in #London, #UK, with offices in #Madrid, Spain and Tallinn, Estonia.
With this strategic move, Taxfix enters the UK market and cements its position as a leading force in European financial #technology, offering a range of tax filing services in four of the biggest European markets: Germany, UK, Spain and Italy. The terms of the transaction will not be disclosed.
The acquisition accelerates Taxfix’s international strategy and will unlock significant growth opportunities across Europe. With over 12 million people required to file a self assessment tax return every year, the UK presents significant growth potential, especially with 46% of filers struggling with the process*.
Martin Ott, CEO at Taxfix: "The acquisition of TaxScouts marks a significant step in our European expansion. Tax filing can be a daunting and painful process for so many people across Europe, and with TaxScouts, we share the same mission: to break down barriers and empower users to take control of their finances, starting with their tax return. I am personally very excited to officially welcome our new TaxScouts colleagues to the Taxfix Group. Combining the strengths of our teams will allow us to better address the diverse needs of all taxpayers across Europe and help even more people.”
Malcolm Cowley , CEO at TaxScouts: "We are thrilled to join the Taxfix family. Delivering exceptional service to our customers remains at the heart of what we do, and this partnership allows us to leverage Taxfix's innovative approach and extensive resources to enhance our services in the #UK and #Spain. Our teams are a great fit, sharing a common mission to simplify tax filing and alleviate the associated stress for everyone. Enhanced by the scale and strength of Taxfix, we can achieve this goal on a larger scale together, making a significant impact across #Europe and beyond.”
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