Total raised
$11.6M
Last: PIPE 2022-12
Stage
Public
Founded
2016
Headcount
46
HQ
Tel Aviv-Yafo
Sector
Fintech & Insurtech
About
Way2VAT provides multiple financial instruments powered by its patented AI technology to serve the enterprise and SMB markets worldwide. The company’s Spend Card enables corporations to manage spending while collecting all required documentation and connecting it to an ERP system, and its fully automated, end-to-end VAT reclamation solution is designed to simplify local and foreign VAT recovery.
Funding history · 5 rounds · $11.6M total
2022-12
PIPE
$727K
2019-05
Undisclosed
Undisclosed
2017-09
Series A
$3.5M
2016-02
Seed
$1.5M
Date unknown
PIPE
$198K
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When did Way2Vat complete its IPO and on which exchange?
- Way2Vat completed its IPO in September 2021 on the ASX, with a valuation of $21.74 million.
- What was a significant acquisition made by Way2Vat in November 2025?
- In November 2025, Way2Vat acquired 100% of UK-based RBCVAT Limited for A$4 million.
- Which company did Way2Vat announce its intention to acquire in July 2022?
- In July 2022, Way2Vat announced its intention to acquire DevoluIVA.
- What funding did Way2Vat receive from the IIA in June 2022?
- In June 2022, Way2Vat received a grant of $625,000 from the IIA.
- What was the outcome of Way2Vat's full year 2024 earnings?
- Way2Vat reported a full year 2024 earnings loss of US$0.004 per share, an improvement from a US$0.009 loss in FY 2023.
- Which investors participated in Way2Vat's Series A funding round in September 2017?
- Way2Vat's Series A funding round in September 2017 included investors such as iAngels, Standard Bank of South Africa, Da Vinci Capital, and Poalim Ventures.
- What intellectual property milestone did Way2Vat achieve in June 2023?
- In June 2023, Way2Vat earned a patent for its AI-driven VAT reclaim system.
- What was the purpose of the A$1.1 million placement secured by Way2Vat in December 2022?
- In December 2022, Way2Vat secured an A$1.1 million placement to accelerate current growth opportunities for expanding its product suite.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechPersonal Finance ManagementFinancial Operations SoftwareBusiness SoftwareOperations Solutions
Technologies
Platforms & InterfacesAPIArtificial IntelligenceMachine Learning
Target customers
Financial ServicesAccountingTaxEnterprise & Professional ServicesSMBs & SMEsEnterprises
Business model
B2B
Tags
tax-refundtraveltechfintechpatent-pendingmobile-applicationsaccounting