Way2Vat Overview
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.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Several Insiders Invested In Way 2 Vat Flagging Positive News
The article discusses insider buying activity at Way 2 Vat Ltd, highlighting a significant purchase by insider Richard Colebatch, who bought AU$250k worth of shares at AU$0.007 each. This insider buying is seen as a positive indicator of confidence in the companys future, especially since no insiders have sold shares recently. Insiders own about 10% of the company, valued at approximately AU$1.2m. Despite the positive insider activity, the company is currently making losses, and there are risks associated with it, as indicated by six warning signs. Overall, the insider transactions suggest optimism about the companys prospects.
growth-negative
Way 2 Vat Full Year 2024 Earnings: US$0.004 loss per share (vs US$0.009 loss in FY 2023)
The article discusses the financial performance of Way 2 Vat, highlighting a revenue increase to US$3.01 million, up 47% from FY 2023. Despite this growth, the company reported a net loss of US$3.62 million, although this loss has narrowed by 15% from the previous fiscal year. The loss per share improved from US$0.009 to US$0.004. The companys share price remains largely unchanged from the previous week. The article also mentions that there are seven warning signs for Way 2 Vat, six of which are concerning, suggesting potential risks for investors.
Way2VAT earns patent for AI-Driven VAT reclaim system
Way2VAT secures A$1.1 million placement to accelerate current growth
opportunities for expanding product suite
growth-positive
Way2VAT to Acquire DevoluIVA
Automated VAT recovery provider Way2VAT has signed an agreement to acquire Barcelona-based corporate expense management and VAT recovery company DevoluIVA. The acquisition will allow Way2VAT to enter the Spanish market and expand into Latin American countries with similar domestic VAT structures. Way2VAT also plans to push its Smart Spend Debit Card through to DevoluIVAs merchant network, which includes 130,000 restaurants, taxis, gas stations and car parks. The initial consideration for the acquisition is €1 million in scrip via the issue of 11.76 million Way2VAT shares issued to DevoluIVA parent company Voxel.
AcquisitionExpand
| Sector | Fintech & Insurtech |
Funding
| Total funding | $11.62M |
| Last funding | $726.85K |
| Stage | Public |
| Rounds | 7 |
| Investors | 8 |
Team Members
3
Employees: 11-50
Web & Social Links
| Website | way2vat.com |
| Google Play | Google Play |
Locations
HaBarzel 34, Tel Aviv-Yafo, Israel
tirbei Vod, Craiova, Romania
12 East 49th Street, New York, NY, USA
Bolshoy Gnezdnikovskiy pereulok, Moscow, Russia
83 Victoria St, Westminster, London, UK
Photos & Videos
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