09.03.2024
Newsletter #010 – Value Added Tech
Hey 👋🏻
Happy Saturday - welcome to the 10th edition of Value Added Tech!
This 10th edition comes with a lot to unpack! There are big fundings, interesting exits, understandable acquisitions and lots of AI-related news to read about:
📰 TaxTech News
At TaxTech News, I have covered the 40 million Series C of French Pennylane and the acquisition of bootstrapped easybill.
⚡️ Reduced News
There is a lot of movement in the TaxTech space as of late: Qonto swallows Regate, Deel acquires PaySpace, WTS and PSP collaborate with Aleph Alpha and more …
☕️ Your Weekly Dose
In this long-form section I have selected a bunch of articles worth reading. With a lot of these articles about AI and ChatGPT, while there are also new reportings about ExpressSteuer and an intriguing one about Taxfix’ redesign.
🚀 Beyond
Among the new companies and tools we discovered are: US-based Campfire, Nico Döhrn’s new Credit Card-Converter tool and German TaxwizeAI.
🧑🏻💻 TaxTech Jobs
Last but not least, I have found more interesting opportunities in the TaxTech job market. Covering jobs at Ageras, blue J, Caya, Fonoa, Keeper and smartsteuer. Find them at the end of this newsletter.
Thanks and happy reading,
Dennis from TaxTech News 💜
📰
TaxTech News
Newsletter #012 — Value Added Tech
29 Apr 2024
7 Apr 2024
Blockpit AG enters into partnership with TaxBit, which is expanding into Europe
7 Apr 2024
Newsletter #011 – Value Added Tech
2 Apr 2024
Newsletter #010 – Value Added Tech
9 Mar 2024
Bootstrapped and profitable: easybill acquired by LEA Partners after more than 15 years in business
20 Feb 2024
⚡️
Reduced News
Qonto swallows French financial platform Regate (🇩🇪) | Charlotte Rick, Finance Forward (07.03.2024)
Deel acquires Africa’s PaySpace, says it’s crossed $500M in ARR (🇬🇧) | Mary Ann Azevedo & Tage Kene-Okafor, TechCrunch (05.03.2024)
AI cooperation between WTS, PSP and Aleph Alpha (🇩🇪) | Götz Kümmerle, JUVE Steuermarkt (01.03.2024)
Deloitte wins AI expert from EY (🇩🇪) | Stephan Mittelhäuser, JUVE Steuermarkt (28.02.2024)
Taxfix brings in international CTO - this is the new management of the tax start-up (🇩🇪) | Madita Lege, Gründerszene (13.02.2024)
DEIN Digitaler Steuerberater & TAXABL are now one (🇩🇪) | Marcus Dein, LinkedIn
New KanzleiDrive app (🇩🇪) | KanzleiDrive, LinkedIn
International transfers with Holvi (🇪🇺) | Holvi
Sage Copilot - Your dedicated AI-powered productivity assistant (🇬🇧) | Sage
☕️
Your Weekly Dose
March 6th, 2024
Götz Kümmerle, JUVE Steuermarkt
EY and AI: "Not a gimmick, but a path to digital tax advice" (🇩🇪)
🤖 | At the Tax Technology Conference in autumn 2023, EY's application 'Digital Tax Intelligence' was awarded a prize. The application aims to extract all tax-relevant business transactions from a client's ERP system and compare them with EY's collected tax knowledge from laws, opinions, and expert opinions, using various types of AI, and is distributed as a license
March 5th, 2024
Martijn Pols & Edwin van der Schoot, Het Financieele Dagblad
Deloitte accountants to perform all audits with AI next year (🇳🇱)
“The advance of self-learning artificial intelligence is moving so fast in accounting that the first major company is going to work with it on a large scale”
March 4th, 2024
Geoffrey A. Fowler, The Washington Post
Review | TurboTax and H&R Block now use AI for tax advice. It’s awful. (🇺🇸)
“In our tests, new chatbots in popular tax services were unhelpful or wrong as much as half of the time”
February 29th, 2024
Nina Anika Klotz, Gründerszene
ExpressSteuer: Now all employees have to leave - founder reappears for the first time (🇩🇪)
“Next round at the crashed tax start-up Expresssteuer: the insolvent companies of founder Max Lambsdorff have to close down, the employees are expecting their redundancies”
February 27th, 2024
Romain Gueugneau, Les Echos
Software specialists turning into neo-banks for professionals (🇫🇷)
“Fintechs specialising in online accounting software and cash management solutions, such as Indy and Pennylane, are seeking to attract the self-employed and small businesses with all-in-one solutions, including new bank account offerings”
February 27th, 2024
Daphné Leprince-Ringuet, Sifted EU
“The eight-year-old company is still growing fast in a market that’s seeing many competitors crash and burn”
February 27th, 2024
Joe Panettieri, Sustainable Tech Partner
Sage Copilot: Generative AI Software Seeks to Assist SMB Automation, Sustainability (🇬🇧)
“Sage Copilot, a new generative AI-powered productivity assistant, will extend from accounting, finance and people management use cases to sustainability automation, the software company said”
February 22nd, 2024
Alexandra Buba, Haufe.de
Specialisation: "Everyone does exactly what they do best" (🇩🇪)
“When WP/StB Tobias F. Faller took over a law firm in Freiburg together with two partners in autumn 2022, one topic played a particularly important role for him: specialisation. Today, more than half of the clients are cross-border commuters who work in neighbouring Switzerland. But this is not to remain the only business focus.”
February 7th, 2024
Götz Kümmerle, JUVE Steuermarkt
Changing tax function: away from tax law and towards data (🇩🇪)
“The role of tax functions has undergone radical change in recent years, shifting from compliance administrators to strategic partners of corporate boards in terms of value creation and cost savings. This change has been driven by increasing regulations and sustainability requirements. JUVE Steuermarkt discussed with Dr. Ulrike Schramm, Tax Chief at Continental, how tax functions are moving from a historically backward-looking perspective to a future-oriented, forward-looking viewpoint in the face of this mix”
February 5th, 2024
Dr. Roger Gothmann, Taxdoo
Generative AI in tax law: ChatGPT & Co. in the tax department (🇩🇪)
“Who is already efficiently working with generative AI in tax law – with ChatGPT and similar technologies? Three experts from the corporate and startup worlds will share their experiences firsthand during a two-day seminar”
January 29th, 2024
Amelia Nash, PRINT
Fix Finance for All: Kallan & Co’s Customer-Centric Rebrand of Taxfix (🇬🇧)
🧑🏻💻 | A deep dive into the recent rebranding of Taxfix
At some point in time
eClear
A Comprehensive Guide to E-Invoicing in the EU (🇬🇧)
“Navigate the complexities of e-invoicing in the EU and discover how it can revolutionise your business operations and financial processes”
At some point in time
Stefan Groß, TAXPUNK
ChatGPT in the tax sector (🇩🇪)
🤖 | Since the release of ChatGPT in December 2022, the perception of what Artificial Intelligence can achieve has fundamentally changed. ChatGPT can perform various tasks such as text generation, summarization, and completion, with its unique feature being its ability to not only research but also write entire texts and even code solutions. Additionally, ChatGPT's dialogue function allows users to specify and expand their queries, refining texts or codes. With the introduction of ChatGPT in the GPT-4 version, it can now generate images, analyze data and images, and even build custom chatbots, presenting numerous possibilities in both general and specialized tax-related contexts
🚀
Beyond
The modern approach to accounting
Credit Card-Converter from Nico Döhrn (🇩🇪)
Wouldn't it be great if we no longer had to type out credit card statements by hand, but could simply process CSV data?
The AI-wizard for tax advisors
🧑🏻💻
TaxTech Jobs
Ageras/Kontist 🇩🇪 Senior Software Engineer
blue J 🇨🇦/🌎 Tax Research Associate
Caya 🇩🇪 Junior Technical Product Manager
Fonoa 🌍 Senior Tax Manager, E-Invoicing & Digital Reporting
Keeper 🇺🇸/🌎 Full Stack Engineer
smartsteuer 🇩🇪 Product Owner
For the full overview of our European TaxTech Jobs board - covering Tax, Product and Tech - click here.
That is all I have for you today. For any feedback, please head over to my Contact page. To follow TaxTech News directly for the latest news, have a look at LinkedIn.
Made with 💜 in Berlin
⚠️ Despite careful preparation, I am not liable for the content of this newsletter. Until a legally binding verdict is reached, the presumption of innocence always applies. For further information, please check the respective referenced sources. For further reference, see the Site Notice and Privacy Policy.
Hey 👋🏻
Happy Saturday - welcome to the 10th edition of Value Added Tech!
This 10th edition comes with a lot to unpack! There are big fundings, interesting exits, understandable acquisitions and lots of AI-related news to read about:
📰 TaxTech News
At TaxTech News, I have covered the 40 million Series C of French Pennylane and the acquisition of bootstrapped easybill.
⚡️ Reduced News
There is a lot of movement in the TaxTech space as of late: Qonto swallows Regate, Deel acquires PaySpace, WTS and PSP collaborate with Aleph Alpha and more …
☕️ Your Weekly Dose
In this long-form section I have selected a bunch of articles worth reading. With a lot of these articles about AI and ChatGPT, while there are also new reportings about ExpressSteuer and an intriguing one about Taxfix’ redesign.
🚀 Beyond
Among the new companies and tools we discovered are: US-based Campfire, Nico Döhrn’s new Credit Card-Converter tool and German TaxwizeAI.
🧑🏻💻 TaxTech Jobs
Last but not least, I have found more interesting opportunities in the TaxTech job market. Covering jobs at Ageras, blue J, Caya, Fonoa, Keeper and smartsteuer. Find them at the end of this newsletter.
Thanks and happy reading,
Dennis from TaxTech News 💜
📰
TaxTech News
Newsletter #012 — Value Added Tech
29 Apr 2024
7 Apr 2024
Blockpit AG enters into partnership with TaxBit, which is expanding into Europe
7 Apr 2024
Newsletter #011 – Value Added Tech
2 Apr 2024
Newsletter #010 – Value Added Tech
9 Mar 2024
Bootstrapped and profitable: easybill acquired by LEA Partners after more than 15 years in business
20 Feb 2024
⚡️
Reduced News
Qonto swallows French financial platform Regate (🇩🇪) | Charlotte Rick, Finance Forward (07.03.2024)
Deel acquires Africa’s PaySpace, says it’s crossed $500M in ARR (🇬🇧) | Mary Ann Azevedo & Tage Kene-Okafor, TechCrunch (05.03.2024)
AI cooperation between WTS, PSP and Aleph Alpha (🇩🇪) | Götz Kümmerle, JUVE Steuermarkt (01.03.2024)
Deloitte wins AI expert from EY (🇩🇪) | Stephan Mittelhäuser, JUVE Steuermarkt (28.02.2024)
Taxfix brings in international CTO - this is the new management of the tax start-up (🇩🇪) | Madita Lege, Gründerszene (13.02.2024)
DEIN Digitaler Steuerberater & TAXABL are now one (🇩🇪) | Marcus Dein, LinkedIn
New KanzleiDrive app (🇩🇪) | KanzleiDrive, LinkedIn
International transfers with Holvi (🇪🇺) | Holvi
Sage Copilot - Your dedicated AI-powered productivity assistant (🇬🇧) | Sage
☕️
Your Weekly Dose
March 6th, 2024
Götz Kümmerle, JUVE Steuermarkt
EY and AI: "Not a gimmick, but a path to digital tax advice" (🇩🇪)
🤖 | At the Tax Technology Conference in autumn 2023, EY's application 'Digital Tax Intelligence' was awarded a prize. The application aims to extract all tax-relevant business transactions from a client's ERP system and compare them with EY's collected tax knowledge from laws, opinions, and expert opinions, using various types of AI, and is distributed as a license
March 5th, 2024
Martijn Pols & Edwin van der Schoot, Het Financieele Dagblad
Deloitte accountants to perform all audits with AI next year (🇳🇱)
“The advance of self-learning artificial intelligence is moving so fast in accounting that the first major company is going to work with it on a large scale”
March 4th, 2024
Geoffrey A. Fowler, The Washington Post
Review | TurboTax and H&R Block now use AI for tax advice. It’s awful. (🇺🇸)
“In our tests, new chatbots in popular tax services were unhelpful or wrong as much as half of the time”
February 29th, 2024
Nina Anika Klotz, Gründerszene
ExpressSteuer: Now all employees have to leave - founder reappears for the first time (🇩🇪)
“Next round at the crashed tax start-up Expresssteuer: the insolvent companies of founder Max Lambsdorff have to close down, the employees are expecting their redundancies”
February 27th, 2024
Romain Gueugneau, Les Echos
Software specialists turning into neo-banks for professionals (🇫🇷)
“Fintechs specialising in online accounting software and cash management solutions, such as Indy and Pennylane, are seeking to attract the self-employed and small businesses with all-in-one solutions, including new bank account offerings”
February 27th, 2024
Daphné Leprince-Ringuet, Sifted EU
“The eight-year-old company is still growing fast in a market that’s seeing many competitors crash and burn”
February 27th, 2024
Joe Panettieri, Sustainable Tech Partner
Sage Copilot: Generative AI Software Seeks to Assist SMB Automation, Sustainability (🇬🇧)
“Sage Copilot, a new generative AI-powered productivity assistant, will extend from accounting, finance and people management use cases to sustainability automation, the software company said”
February 22nd, 2024
Alexandra Buba, Haufe.de
Specialisation: "Everyone does exactly what they do best" (🇩🇪)
“When WP/StB Tobias F. Faller took over a law firm in Freiburg together with two partners in autumn 2022, one topic played a particularly important role for him: specialisation. Today, more than half of the clients are cross-border commuters who work in neighbouring Switzerland. But this is not to remain the only business focus.”
February 7th, 2024
Götz Kümmerle, JUVE Steuermarkt
Changing tax function: away from tax law and towards data (🇩🇪)
“The role of tax functions has undergone radical change in recent years, shifting from compliance administrators to strategic partners of corporate boards in terms of value creation and cost savings. This change has been driven by increasing regulations and sustainability requirements. JUVE Steuermarkt discussed with Dr. Ulrike Schramm, Tax Chief at Continental, how tax functions are moving from a historically backward-looking perspective to a future-oriented, forward-looking viewpoint in the face of this mix”
February 5th, 2024
Dr. Roger Gothmann, Taxdoo
Generative AI in tax law: ChatGPT & Co. in the tax department (🇩🇪)
“Who is already efficiently working with generative AI in tax law – with ChatGPT and similar technologies? Three experts from the corporate and startup worlds will share their experiences firsthand during a two-day seminar”
January 29th, 2024
Amelia Nash, PRINT
Fix Finance for All: Kallan & Co’s Customer-Centric Rebrand of Taxfix (🇬🇧)
🧑🏻💻 | A deep dive into the recent rebranding of Taxfix
At some point in time
eClear
A Comprehensive Guide to E-Invoicing in the EU (🇬🇧)
“Navigate the complexities of e-invoicing in the EU and discover how it can revolutionise your business operations and financial processes”
At some point in time
Stefan Groß, TAXPUNK
ChatGPT in the tax sector (🇩🇪)
🤖 | Since the release of ChatGPT in December 2022, the perception of what Artificial Intelligence can achieve has fundamentally changed. ChatGPT can perform various tasks such as text generation, summarization, and completion, with its unique feature being its ability to not only research but also write entire texts and even code solutions. Additionally, ChatGPT's dialogue function allows users to specify and expand their queries, refining texts or codes. With the introduction of ChatGPT in the GPT-4 version, it can now generate images, analyze data and images, and even build custom chatbots, presenting numerous possibilities in both general and specialized tax-related contexts
🚀
Beyond
The modern approach to accounting
Credit Card-Converter from Nico Döhrn (🇩🇪)
Wouldn't it be great if we no longer had to type out credit card statements by hand, but could simply process CSV data?
The AI-wizard for tax advisors
🧑🏻💻
TaxTech Jobs
Ageras/Kontist 🇩🇪 Senior Software Engineer
blue J 🇨🇦/🌎 Tax Research Associate
Caya 🇩🇪 Junior Technical Product Manager
Fonoa 🌍 Senior Tax Manager, E-Invoicing & Digital Reporting
Keeper 🇺🇸/🌎 Full Stack Engineer
smartsteuer 🇩🇪 Product Owner
For the full overview of our European TaxTech Jobs board - covering Tax, Product and Tech - click here.
That is all I have for you today. For any feedback, please head over to my Contact page. To follow TaxTech News directly for the latest news, have a look at LinkedIn.
Made with 💜 in Berlin
⚠️ Despite careful preparation, I am not liable for the content of this newsletter. Until a legally binding verdict is reached, the presumption of innocence always applies. For further information, please check the respective referenced sources. For further reference, see the Site Notice and Privacy Policy.