Way2Vat

Company Overview

Snapshot

Founded in February 2016 by Amos Simantov and Aviv Barshaf, Way2Vat operates with 11–50 employees. The company has raised a total of $11.62 million across 7 funding rounds with 8 investors. In September 2021, Way2Vat completed an IPO on the Australian Securities Exchange.

Business overview

Way2VAT provides financial instruments leveraging its patented AI technology for both enterprise and SMB markets globally. The company's core offerings include a Spend Card that helps corporations manage expenses and integrate documentation with ERP systems, alongside a fully automated, end-to-end VAT reclamation solution designed to streamline local and foreign VAT recovery processes. It operates within the Fintech & Insurtech sector, focusing on financial operations software and personal finance management.

Strategic signal

In November 2025, Way2VAT announced the acquisition of RBCVAT Limited for approximately A$4 million, a strategic move to combine RBCVAT's VAT advisory expertise with Way2VAT's AI technology. This acquisition, supported by A$3 million in new capital from professional and sophisticated investors, is expected to enhance Way2VAT's enterprise tax compliance solutions and accelerate its growth strategy, aiming for earnings breakeven and positive operating cash flow in 2026.

Company Intelligence Q&A

What was Way2VAT's financial performance in the full year 2024?

In February 2025, Way2VAT reported a revenue increase to US$3.01 million for the full year 2024, a 47% rise from FY 2023. The company's net loss narrowed by 15% to US$3.62 million, with loss per share improving from US$0.009 to US$0.004.

What was the key strategic development for Way2VAT in November 2025?

In November 2025, Way2VAT entered into a binding agreement to acquire RBCVAT Limited for approximately A$4 million. This acquisition, funded by A$3 million in new capital, is set to integrate RBCVAT's VAT advisory expertise with Way2VAT's AI technology to enhance enterprise tax compliance offerings.

Did any insiders invest in Way2VAT in 2025?

In June 2025, insider Richard Colebatch invested AU$250k in Way2VAT shares, indicating confidence in the company's future. Insiders collectively own about 10% of the company.

When did Way2VAT complete its Initial Public Offering?

Way2VAT completed its Initial Public Offering on the Australian Securities Exchange (ASX) in September 2021, raising A$7 million at a valuation of A$30.7 million.

What was a notable acquisition by Way2VAT in 2022?

In July 2022, Way2VAT acquired Barcelona-based corporate expense management and VAT recovery company DevoluIVA for €1 million in scrip. This acquisition enabled Way2VAT to enter the Spanish market and expand into Latin American countries.