Staxxer, a Dutch fintech startup, has raised over 1 million euros in a recent funding round to automate the process of VAT (Value Added Tax) for e-commerce businesses in Europe. The platform aims to simplify the complex VAT rules and regulations across different countries, allowing e-commerce companies to focus on their core business.
Currently, e-commerce businesses have to navigate different VAT rules and regulations when selling products across multiple countries in Europe. This can be a complicated and time-consuming process, often requiring significant resources to manage. Staxxer’s automated platform aims to solve this problem by providing a simple and efficient solution.
The Staxxer platform integrates with a business’s existing e-commerce system, automatically calculating and collecting VAT from customers based on their location. The platform also takes care of VAT registration, filing, and payments, ensuring that businesses are compliant with all relevant regulations.
Staxxer’s funding round was led by Dutch venture capital firm, Volta Ventures, and will be used to further develop the platform and expand the company’s reach across Europe. The company’s CEO, Koen Batsleer, stated that the funding will help Staxxer “to make the VAT compliance process easier and more efficient for e-commerce businesses across Europe.”
In conclusion, Staxxer’s innovative platform has the potential to revolutionize the way e-commerce businesses manage VAT compliance across Europe. With its recent funding, the company is well-positioned to expand its reach and provide valuable services to businesses of all sizes.
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