The Series A round was led by Octopus Ventures with participation from Clocktower Technology Ventures, Speedinvest, Seedcamp and Finch Capital.
"We see a huge amount of potential in launching TaxScouts into Spain. Naturally, the weather and the wine were considered when picking the market, but having successfully built a solution for one of the trickiest tax systems in Europe, we are confident that we can deliver another great product for Spain’s complex tax structure. The market is double that of the UK, and this is the first step to us building a Pan-European tax service. We will build the go-to solution for anyone across Europe to easily file their tax return regardless of its complexity. This investment will enable us to quickly scale up a team to support our new Country Manager in Madrid, and launch other new products in the UK."
The company has closed a £5.5m round as it opens its platform to early access users across Europe.
"I am excited to give our early access users the chance to use sync.’s incredible features as we scale up. We are now looking to increase the number of sync. customers gradually and have the product grow alongside our users."
The savings platform secured £7m from over 16,500 participants in a record-breaking crowdfunding campaign.
"Securing this funding enables us to continue to build the products, tools and technology to help people achieve their goals easily – whether it’s buying a house, saving for retirement or just a rainy day. We’re blown away by the positive response to the campaign, and are very excited to have every single one of our over 16,500 new shareholders onboard as we continue to execute our mission of helping everyone save and invest for the future. Giving our community the chance to own part of the company has always been in our plan, so we are excited the day has finally arrived."
Eurazeo Growth led the extension round, backed by British Patient Capital and SEB, to support international expansion and product development.
"The prospect of transitioning to cloud native technology is now at the forefront of every major bank’s roadmap. Plans have been hastened in the wake of regulatory pressure, economic uncertainty and the need to manage cost-income ratios. Our flagship core banking product, Vault, brings the best in agility, resilience and security and is being used by major banks and fintech companies around the world. We are delighted to partner with Eurazeo Growth, British Patient Capital and SEB, which demonstrates ongoing investor interest in our technology and the significant market opportunity we are addressing."
