Blue dot News
7 articles
growth-positive
Blue dot & KPMG Germany form Strategic Alliance on offering jointly Taxable Employee Benefits Technology
Blue dot, a leading tax platform, has announced a strategic alliance with KPMG Germany. Through this alliance, KPMG Germany can offer the Blue dot Taxable Employee Benefits (TEB) solution directly to their clients, with KPMG supporting the implementation and configuration options. The alliance allows KPMG Germany to provide its clients with the capabilities and features of the Blue dot platform, while also supporting ongoing operation and compliance. Blue dots tax products suite is known for its ability to process receipt images and other records, providing an effortless tax compliance solution. The alliance is seen as a confirmation of the close collaboration between Blue dot and KPMG Germany. Blue dot has raised over $100M in private equity funding and has a portfolio of Fortune 500 clients.
Partners
growth-positive
Blue dot Secures $32 Million in Funding to Accelerate Growth
Blue dot, formerly known as VATBox, has closed a $32 million funding round led by Ibex Investors and Lutetia Technology Partners. The funding will enable Blue dot to deliver its tax compliance platform to more customers in North America and Europe. The companys technology digitizes the tax compliance process, streamlining it and reducing the burden on finance teams. The funding will support Blue dots expansion and the development of its customer base. Gal Gitter from Ibex Investors and Rob Perdue from Lutetia Technology Partners will join Blue dots Board of Directors. Blue dot has offices in multiple locations and has raised over $50 million in private equity funding.
InvestmentCustomers
growth-positive
VATBox Continues to Revolutionize VAT Recovery and Compliance by Launching Version 6 of Its AI Platform
VATBox, a pioneer and leader in automated VAT compliance and VAT recovery, has announced the release of its 6th generation AI platform. The new platform integrates expert system rule-based processes with statistical-based processes, allowing for near real-time results in VAT analysis on invoices. The companys Chief Technology Officer, David Guedalia, brings expertise in semantic analytics to further enhance VATBoxs compliance capabilities. VATBox has experienced significant growth, signing on Tier 1 clients and expanding its product with AI and automation. The company joined the Citi Accelerator in 2013 and has since grown exponentially. VATBoxs AI tools provide customers with VAT visibility insights and maximize VAT recovery, while deep learning algorithms ensure high levels of compliance and fraud detection. The company operates in 72 countries and leverages natural language processing and advanced AI capabilities for VAT automation.
CustomersPartners
growth-positive
VATBox Continues Pan-European Expansion
VATBox has announced the joining of Remco Dewaerheijt as Vice President Tax & Product Strategy, heading the new European Headquarter in the Netherlands. This move reflects VATBoxs continuing growth and expansion in the Europe region. Dewaerheijt is a well-known expert in international Indirect Tax matters and has been collaborating with VATBox on developing new technological solutions. With Dewaerheijt fully joining the team, he will further accelerate, develop, and expand VATBoxs offering of new VAT solutions. VATBox is a global cloud-based technology company focused on simplifying the VAT recovery process through automation.
Management ChangesExpand
growth-positive
Israeli VAT recovery co VATBox raises $20m
VATBox, a B2B SaaS company, has completed a $20 million financing round led by Target Global Fund. The funding will be used to accelerate VATBoxs international expansion and the rollout of its innovative VAT solutions. VATBox has streamlined the global VAT recovery process and provides businesses with visibility, compliance, and data integrity. The company serves multinational corporations and Fortune 500 companies worldwide. VATBox has earned recognition from organizations such as MasterCard and Citi Bank. The investment in VATBox aligns with Target Globals strategy to invest in potential market leaders.
Investment
growth-positive
VATBox is a Finalist for the 2016 Red Herring Top 100 Europe Award
VATBox has been selected as a finalist for Red Herrings Top 100 Europe award. The company is revolutionizing the automated VAT recovery marketplace with its cloud-based solution. VATBox operates globally to give businesses full control over their tax spend.
Partners
growth-positive
VAT recovery co VATBox raises $24m
VATBox, an Israeli cloud-based financial SaaS provider, has closed a $24 million financing round led by Viola Private Equity. The funding will fuel VATBoxs growth plans and accelerate its expansion in the VAT recovery and governance market. VATBox aims to replace manual VAT recovery processes with an automated, data-driven solution. The company has hundreds of multinational clients, including Fortune 500 companies, and plans to double its workforce over the next year. VATBoxs disruptive technology captures, evaluates, and recovers cross-border or unstructured VAT payments automatically. The company operates in multiple countries and is focused on expanding its presence in existing and new markets. The funding round provides market validation for VATBoxs solution.
InvestmentExpand
