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TaxScouts raises £300,000 to build out its product in the UK


TaxScouts, a company looking to make tax preparation easier, has raised £300,000 to build out its product in the UK.

Angel investors include Charlie Delingpole, co-founder of ComplyAdvantage and MarketInvoice; Charlie Songhurst, former GM corporate strategy at Microsoft; and Picus Capital, an early-stage technology investment firm.

TaxScouts was founded by Mart Abramov, (previously Skype and one of the early employees of TransferWise), Dan Karger (previously MarketInvoice), and Kaupo Kõrv (award-winning designer with major works for TransferWise and Toggl).

Mart Abramov, co-founder and CEO of TaxScouts, commented: “Doing your taxes is not something that people enjoy. It is either tedious or expensive, and sometimes it’s both. We want to change that. TaxScouts is set out to automate as many of the menial tasks to accountants around tax preparation as possible. This frees time for them to do what they do best –help with advice and expertise.”

He added: “Tax preparation often brings in an element of unease for many. That is why we combine automation with help from tax professionals. Since our trial launch, we are learning what the main pain points of our customers that we can help with automation so we can have a slick product ready when the next tax season comes.”

TaxScouts will use the funding to build out the automation and expand the team in their London office. The company partners with accountants throughout the UK, enabling small accountancy firms to expand their business into London.

Delingpole, co-founder of ComplyAdvantage and MarketInvoice, said: “Tram, Dan and Kaupo are a fantastic team who have built a magical platform to help accountants and taxpayers revolutionise and automate basic manual processes leading to significant savings and benefits for all concerned. Having worked with the team previously I know the superb quality of their technology and values, and am excited for the ambitious company they are building at Taxscouts.”