TaxTech Weekly: eInvoicing, aprilPro, RIDE Capital & Zazu

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Over a year ago at Tax2Tech 2023 in Berlin, we asked ourselves: What's the next big thing in TaxTech? Looking back, it's clear: the electronic invoice! More clearly formulated: The obligation to receive and send electronic invoices between companies in Germany.

Table graphic of the current status of mandatory B2B eInvoicing in the largest economies of the EU

eInvoicing in Germany

At least in the finance and tax bubble, everyone has been talking about it for a few months now. The mandatory receipt of e-invoices in Germany as a business starts in 2025. From 2028, we will be out of the woods. So far, so simple.

What is happening in the rest of the EU?

We are increasingly reading about adjustments, postponements and revisions in other EU countries. Thus, we have taken this as an opportunity to summarize the relevant dates so that you at least have the eight largest EU economies on your radar.

As you can see, the obligations are not as big an issue for all countries as they are for us. In the Netherlands and Sweden, there are at least no 'compulsory measures' in the short term. However, this is also due, for example, to the fact that the natural spread of electronic invoices is already much more widespread in these countries than is the case in Germany.

Further harmonization at EU level with regard to electronic invoices and any reporting obligations await us from the 2030s.

🚀 News

Germany 🇩🇪

Berlin-based RIDE Capital, helping private investors in the formation of asset-managing private limited companies (vvGmbH) to save taxes on stock transactions, has been sold for 630.000 euro to Raoul Heraeus' Blue Lionfish GmbH (TaxTech News (Si apre in una nuova finestra))

Günther Holzapfel's Bavarian-based aipama, in the process of revolutionizing payroll processes, announces first successes with fully-automated payrolls (LinkedIn (Si apre in una nuova finestra))

FeRD, Forum for Electronic Invoicing Germany, publishes ZUGFeRD update 2.3.2 (FeRD (Si apre in una nuova finestra))

Berlin-based HeyLara, providing automated bookkeeping to small businesses, wins second place at the FinTech Germany Award (LinkedIn (Si apre in una nuova finestra))

TAXPUNKS' Thomas Hoppe joins WTS Deutschland / WTS Digital as Director (LinkedIn (Si apre in una nuova finestra))

Berlin-based mika, dedicated to revolutionize how small businesses handle their financial operations without bureaucratic overhead, wins EY Academy Award (LinkedIn (Si apre in una nuova finestra))

Berlin-based Moss, a technology-based solution for expense and financial management, now offers domestic and international bank transfers for supplier invoices and employee expenses right within their application (LinkedIn (Si apre in una nuova finestra))

Hanover-based smartsteuer, offering a DIY-solution for tax declarations in Germany, launches new branding and redesigned website (LinkedIn (Si apre in una nuova finestra))

tax-tech.de (Si apre in una nuova finestra) releases new magazine special, covering five processes that every tax consultancy should digitize (LinkedIn (Si apre in una nuova finestra))

Europe 🇪🇺

Paris-based Qonto, offering business accounts with bookkeeping capabilities across Europe, looks for a five billion euro valuation (💰, Financial Times (Si apre in una nuova finestra))

London-based Adsum, supporting business growth by offering faster access to funds owed by HMRC, releases new update for their OpenTax product to include PAYE tracking (LinkedIn (Si apre in una nuova finestra))

London-based Tide, with the goal to transform the small business banking market in the UK, India and Germany, now has over 1.200 employees in India (LinkedIn (Si apre in una nuova finestra))

The World 🗺️

New York-based april, offering tax solutions that are built to be white labeled and embedded into existing financial apps, is expanding its product line with aprilPro – an embedded tax solution that handles complex tax cases by involving tax professionals (april (Si apre in una nuova finestra))

São Paulo-based Tako, a Brazilian payroll startup, raised a 13,2 million dollars seed round (TechCrunch (Si apre in una nuova finestra))

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Senior Product Manager (Si apre in una nuova finestra) @ april (🇺🇸)

Tax Analyst (Si apre in una nuova finestra) @ april (🇺🇸)

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🎙️ Talks

redenhilft (🇩🇪) by ba tax

zeitgemäß (Si apre in una nuova finestra) with Daniel Terwersche (newgen AG)

ZusammenWachsen - Der SteuerUnternehmer-Podcast (🇩🇪) by Cathi Bruns and Jens Henke

Die Zukunft der Steuerberatung: Remote, digital - besser für alle? (Si apre in una nuova finestra)

Mendel talks Finance - Der Podcast für CFOs und Finanzexperten (🇩🇪) by Viktor Mendel and Eva Gold

Ab 2025 ist die E-Rechnung Pflicht – Faktencheck: Bist du vorbereitet? (Si apre in una nuova finestra) with Magnus Bilke (DONE!Financials Group)

🇿🇦 Start-up of the Week: Zazu

Cape Town-based Zazu (Si apre in una nuova finestra) is founded by Germain Bahri and Rinse Jacobs with the idea of making banking better for African founders and SMEs by providing them with a powerful bank account at the core, combined with invoicing, bookkeeping and cash flow management tools.