Italian FinTech Fiscozen snares €8m to fight tax bureaucracy


Fiscozen, a provider of an accounting software platform for freelancers, has landed €8m in a Series A funding round.

The round was led by Keen Venture Partners and was supported by existing investor United Ventures. This builds on a €3m seed funding round raised in 2020.

According to EU Startups, Fiscozen is a startup on a mission to elimate tax bureaucracy in Italy and aims to become the go-to solution for SMEs. The company is set to launch its tested product in 2023.

Founded in 2018 by Enrico Mattiazzi and Vito Lomele, the company wants to give SMEs the power to complete tax returns and electronic invoices with just a few clicks. The platform also provides a dashboard that gives visibility into future tax obligations and deadlines, plus access to advisors who can provide real-time clarification when needed.

Fiscozen will launch a product in January that will allow them to serve three out of the five million Italian businesses – from lawyers to craftspeople to small business owners – in the standard tax regime.

Mattiazzi and Lomele said, “We believe technology needs to have an impact on improving people’s lives. We work to eliminate bureaucracy to help entrepreneurs succeed in their projects.  In doing so, we make Italy an efficient and competitive nation that values the talent and initiative of people.”

VMRay, an advanced threat detection and analysis firm, has raised $34m in a Series B led by Tikehau Capital.

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