German digital tax filing platform Taxfix has entered into a definitive agreement to acquire UK accountant-assisted digital tax filing company TaxScouts.
Since its founding in 2017, TaxScouts has established a significant presence in the UK and Spain, with the support of over 150 tax accountants.
The company is headquartered in London, UK, with offices in Madrid, Spain and Tallinn, Estonia.
With this strategic move, Taxfix enters the UK market and cements its position as a leading force in European financial technology, offering a range of tax filing services in four of the biggest European markets: Germany, UK, Spain and Italy.
According to Martin Ott, CEO at Taxfix:
“The acquisition of TaxScouts marks a significant step in our European expansion.
Tax filing can be a daunting and painful process for so many people across Europe, and with TaxScouts, we share the same mission: to break down barriers and empower users to take control of their finances, starting with their tax return.”
Malcolm Cowley, CEO at TaxScouts, shared:“We are thrilled to join the Taxfix family. Delivering exceptional service to our customers remains at the heart of what we do, and this partnership allows us to leverage Taxfix’s innovative approach and extensive resources to enhance our services in the UK and Spain.
Our teams are a great fit, sharing a common mission to simplify tax filing and alleviate the associated stress for everyone. .”
TaxScouts’ 40-people strong team will join forces with Taxfix, fostering collaboration, innovation, and knowledge sharing across markets.
Malcolm Cowley, CEO at TaxScouts, will continue to spearhead TaxScouts at Taxfix Group. Kaupo Korv and Daniel Karger, founders of TaxScouts, will continue to serve as CPO and CTO at TaxScouts and work closely with the Taxfix leadership team.
Taxfix Group has been on a sustainable growth trajectory, bolstered by the successful acquisition of Steuerbot in 2023. To date, Taxfix has assisted over 5 million customers, securing more than €3.5 billion in refunds for European tax filers.
The terms of the transaction will not be disclosed.
Lead image: Taxfix Group’s Martin Ott and Malcolm Cowley. Photo: uncredited.
