TaxDown, a Madrid-based fintech company, has secured €4 million in financing from BBVA Spark, with support from the European Union’s NextGenerationEU program and the European Investment Fund (EIF).

Focus on AI

Founded in 2019, TaxDown uses artificial intelligence to automate processes, provide personalized tax guidance, and improve the efficiency of its experts. The platform allows users to file tax returns, identify eligible deductions, receive personalized recommendations, and access expert advice.

Funding Goals

The funding will support the company’s growth, the development of new AI-based solutions, and the expansion of its technology team. TaxDown currently operates in Spain and Mexico, serving over 4 million users and collaborating with more than 500 companies as a technology partner.

CEO Statement

Enrique García, CEO and co-founder of TaxDown, stated that the funding will allow the company to continue investing in artificial intelligence and improve its product, simplifying the financial lives of millions of people.