Expressgroup raises 25 million euros

Complete your tax return in just a few minutes and get your money back. That's what the start-up wants to make possible. International investors are now getting on board.

Fintech Expressgroup has raised 25 million euros in a Series A round. The round was led by Insight Partners and Project A Ventures.

The tax platform aims to make tax refunds accessible to everyone. "The European working class is notoriously underserved by the fintech industry, and we are going to change that by making our services accessible to everyone - regardless of income, language barriers or knowledge of the tax system," says Maximilian Lambsdorff, co-founder and CEO of Expressgroup.

Lambsdorff founded the company in 2019 together with Dennis Konrad, Mehdi Afridi, Andreas Santoro and Konstantin Loebner. The original name of the start-up was Expresssteuer. The founding team has developed software that makes it easier for employees to prepare a tax return and get money back. With the help of a questionnaire, customers create a tax return in just a few minutes, which is then sent to a tax consultant. The tax consultant then processes the tax return and sends it to the tax office.

According to Expressgroup, it has generated sales of over 45 million euros in the last twelve months. The fintech is now aiming to expand into other European countries. The start-up also wants to use the new capital for this.