Finupp Overview
Finupp is an online tool that helps Israeli taxpayers check their entitlement to tax refunds and claim their refunds quickly and easily. The site allows every employee or self-employed person to obtain their tax refund in a simple, user-friendly way that is far cheaper than the current alternatives. Finupp was developed by FinCom.
Cumulative Funding Raised Over Time ($)
$20K
Latest News
growth-positive
Meitav Dash acquires tax return automation platform Finupp for $1.5 million
Meitav Dash Investments Ltd. is acquiring fintech startup Finupp for an estimated NIS 5 million ($1.5 million). Finupp developed a digital platform for employees to file tax return applications and claims to have 178,000 clients. The acquisition is seen as a growth-positive move for Finupp, which experienced a surge in users following Covid-19 mass furloughs. The platform provides users with a free eligibility test for tax refunds and charges them only after they receive the refund. Meitav Dash believes that the increase in Finupps earnings was accelerated by the Covid-19 effect, but they estimate that the product can succeed regardless.
Customers
growth-positive
Smartup 3 finalists: Finupp facilitates tax refunds
Finupp Ltd. is a company that provides a user-friendly and cost-effective solution for obtaining tax refunds. The company has developed a cloud-based platform for financial and accounting data management. It uses an accounting algorithm to analyze transactions and provide tax advice to clients. Finupp focuses on tax refunds for mortgage insurance and life insurance, but plans to expand to other financial niches. The platform is free to check tax refund eligibility and charges a fee of NIS 195 per application. To date, Finupp has helped 11,000 people obtain over NIS 1 million in tax refunds. The company aims to expand to other locations, such as the UK, India, Australia, and Africa. The founders see potential for offering additional financial services beyond tax refunds.
Customers
| Sector | Fintech & Insurtech |
Funding
| Total funding | $20K |
| Last funding | $20K |
| Stage | Acquired |
| Rounds | 1 |
| Investors | 0 |
Team Members
3
Employees: 1-10
Web & Social Links
| Website | finupp.meitavdash.co.il |
Locations
Derech Sheshet HaYamim 30, Bnei Brak, Israel
Photos & Videos
No files yet
Finupp Business
Business models
B2C
Product stage
Released
Employees
1-10
Sector
Business SoftwareOperations SolutionsFintech & InsurtechFinancial Operations SoftwarePersonal Finance ManagementTarget Customer
ConsumersFinancial & Real EstateDemographics & FamilyCore Technology
Data StorageCDNArtificial IntelligenceTags (4)
tax-refundsaasfintechpersonal-financeGeographic Markets
IsraelFinupp Financials
$20K
Total funding
Undisclosed
Capital raised
$20K
Last funding
Acquired
Funding stage
1
Total rounds
0
Investors
Cumulative Funding Raised Over Time ($)
$20K
Private Equity Funding
Pre-Seed
$20K
Public Offering / Exit
MNAEvent
Mar 2021
$1.5M
MNAEvent
Feb 2017
Undisclosed
Finupp Lifecycle
Cumulative Funding Raised Over Time
$20K
All Events
Pre-Seed
$20K
MNAEvent
Mar 2021
$1.5M
MNAEvent
Feb 2017
Undisclosed
Finupp News
2 articles
growth-positive
Meitav Dash acquires tax return automation platform Finupp for $1.5 million
Meitav Dash Investments Ltd. is acquiring fintech startup Finupp for an estimated NIS 5 million ($1.5 million). Finupp developed a digital platform for employees to file tax return applications and claims to have 178,000 clients. The acquisition is seen as a growth-positive move for Finupp, which experienced a surge in users following Covid-19 mass furloughs. The platform provides users with a free eligibility test for tax refunds and charges them only after they receive the refund. Meitav Dash believes that the increase in Finupps earnings was accelerated by the Covid-19 effect, but they estimate that the product can succeed regardless.
Customers
growth-positive
Smartup 3 finalists: Finupp facilitates tax refunds
Finupp Ltd. is a company that provides a user-friendly and cost-effective solution for obtaining tax refunds. The company has developed a cloud-based platform for financial and accounting data management. It uses an accounting algorithm to analyze transactions and provide tax advice to clients. Finupp focuses on tax refunds for mortgage insurance and life insurance, but plans to expand to other financial niches. The platform is free to check tax refund eligibility and charges a fee of NIS 195 per application. To date, Finupp has helped 11,000 people obtain over NIS 1 million in tax refunds. The company aims to expand to other locations, such as the UK, India, Australia, and Africa. The founders see potential for offering additional financial services beyond tax refunds.
Customers
Finupp Team
Employee Info
| Employees (range) | 1-10 |
| Exact count | 4 |
| Team members | 3 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 12 classification IDs that could be used for matching.
Finupp Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 92/100 |
| Missing | video or image, markets, not claimed |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515301026 |
| Crunchbase | finupp |
| Creator | Roei Hamani |
| Creator email | roei.hamani@mail.huji.ac.il |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2022-09-18T00:00:00.000Z |
| Created | 2016-01-27T00:00:00.000Z |
| Status detail | Acquired by iGroup on Feb, 2017 |