Taxo raises $1.2M pre-seed round

Mexican taxtech Taxo raised $1.2M in a pre-seed round. Seedstars, 500 Latam, BuenTrip, Newlin Ventures, and other investors participated.

With the fund, Taxo will consolidate its presence in Mexico, aiming to grow its customer base by 160% and reach 200,000 tax declarations in its platform in 2024. Taxo also plans to add new services like tax payment assistance and expand to Peru and Colombia.

Taxo offers accountants a platform that automates tax declaration forms and tax calculations for individuals in Mexico, while also offering a marketplace where people can find accountants.

“Taxo enables accountants to reduce operational work by up to 90% to focus on advising their clients better and acquiring more of them,” said Constanza Martínez, Co-Founder and Country Manager for Mexico of Taxo.

David Paredes, Co-Founder of Taxo, also founded Contapp, a startup that helps individuals and companies digitize invoices and automate tax forms. Paredes helped develop another solution that helps accountants by automating a lot of their work, which is how Taxo started.

Founded in 2022, Taxo has 8,000 taxpayers and 800 accountants using the platform in Mexico and has processed over 50,000 tax declarations.