Fonoa’s platform is the first digital tax solution with global coverage, providing a plug-and-play modular platform that helps businesses convert costly and complex processes into automatic ones. Using a simple API solution, Fonoa determines and calculates the right amount of tax a business should pay. In turn, this results in greater profitability for customers who can reduce their operating costs and increase their tax compliance at the same time.
Fonoa, which helps automate tax processes, has closed its Series B funding round as it looks to expand its global tax solutions.
Cash will go towards doubling the company’s headcount and expanding into new markets.
Dublin-based tax automation firm Fonoa has raised $60 million in a Series B round led by Coatue and featuring Dawn Capital and Index Ventures, among …
The investors and founders reinvesting into Europe’s fintech space that you should know.
The Dublin-based company will use the funding to extend country coverage and headcount.
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