Accountable expands financing to ten million euros

The tax app plans to use the new capital to expand in Europe and launch new services.

The Berlin-based tax start-up Accountable is expanding its Series A financing round, raising a total of ten million euros. Munich-based investor 10x Founders, Billie founders Matthias Knecht and Christian Grobe as well as George Pallis, former Marketing Director of Deliveroo and Transferwise, are investing in the company. The start-up had already received six million euros from the venture capital funds Stride.VC and Connect Ventures at the end of 2021.

"The next wave of fintech innovation is taxes. Accountable has developed the best solution for the self-employed," says Felix Haas, early-stage investor and founder of 10x Founders. The fintech wants to enable self-employed people to submit their tax returns with just a few clicks via a mobile and web-based app. The app will enable users to digitize their bookkeeping and save on taxes. The app is already used by 20,000 self-employed people.

Serial founders Tino Keller and Nicolas Quarré founded the start-up, which is based in Berlin and Brussels, in 2020. Before the end of this year, the start-up also wants to integrate business tax returns into the app and launch further financial services for the self-employed. It intends to use the newly received investment to expand into other European countries.