01.04.2025
BREAKING NEWS: mika set to acquire DATEV at 4,2 billion euro valuation
April 1st, 2025. The founder and CEO of mika, Agnieszka M. Walorska, has just announced the „big news“ in a personal post on her LinkedIn profile.
At the forefront and intersection of accounting and artificial intelligence (AI), the acquisition will put mika back on the map (again) as it aims to free German-based businesses from the burden of bookkeeping and bureaucracy. The company appears to have deep pockets after its latest funding round in 2024, but the 4,2 billion euro acquisition is still pending regulatory approval.
As the de facto standard tax software in Germany, DATEV eG is used by the vast majority of tax advisors in the country, so the potential for disruption (both good and bad) is huge.
It should be noted, however, that not all tax advisors are necessarily over the moon about this acquisition. Just last week, mika's CFO and co-founder, Lukas Linnekuhle, sparked a lengthy debate between tax advisors and taxtech advocates (not to say there are no taxtech advocates among tax advisors) in which opinions were exchanged - albeit in a civilised manner. The dust is settling and everyone is – hopefully – on good terms again, but this 4,2 billion move could create another storm in a teacup.
The story is still unfolding …
👉 Check back regularly for more taxtech news or just subscribe to my irregular newsletter.
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This is an April Fool's joke.
April 1st, 2025. The founder and CEO of mika, Agnieszka M. Walorska, has just announced the „big news“ in a personal post on her LinkedIn profile.
At the forefront and intersection of accounting and artificial intelligence (AI), the acquisition will put mika back on the map (again) as it aims to free German-based businesses from the burden of bookkeeping and bureaucracy. The company appears to have deep pockets after its latest funding round in 2024, but the 4,2 billion euro acquisition is still pending regulatory approval.
As the de facto standard tax software in Germany, DATEV eG is used by the vast majority of tax advisors in the country, so the potential for disruption (both good and bad) is huge.
It should be noted, however, that not all tax advisors are necessarily over the moon about this acquisition. Just last week, mika's CFO and co-founder, Lukas Linnekuhle, sparked a lengthy debate between tax advisors and taxtech advocates (not to say there are no taxtech advocates among tax advisors) in which opinions were exchanged - albeit in a civilised manner. The dust is settling and everyone is – hopefully – on good terms again, but this 4,2 billion move could create another storm in a teacup.
The story is still unfolding …
👉 Check back regularly for more taxtech news or just subscribe to my irregular newsletter.
——
This is an April Fool's joke.