Taxfix Group enters UK market by acquiring TaxScouts, cementing its position as European market leader in digital tax filing
Taxfix Group (“Taxfix”), Europe's leading financial platform for digital tax filing, has entered into a definitive agreement to acquire TaxScouts (“TaxScouts”), the market leader in accountant-assisted digital tax filing. TaxScouts 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. The terms of the transaction will not be disclosed.
The acquisition accelerates Taxfix’s international strategy and will unlock significant growth opportunities across Europe. With over 12 million people required to file a self assessment tax return every year, the UK presents significant growth potential, especially with 46% of filers struggling with the process*. Since its founding in 2017, TaxScouts has established a significant presence in the UK and Spain, achieving high customer satisfaction (4.8/5 on TrustPilot) with the support of over 150 tax accountants. With TaxScouts’ expertise in tax accountant support alongside Taxfix’s proven self-service tax filing and expanding tax expert-services, the combined Taxfix Group will provide even better customer experiences and help more people file their taxes.
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. I am personally very excited to officially welcome our new TaxScouts colleagues to the Taxfix Group. Combining the strengths of our teams will allow us to better address the diverse needs of all taxpayers across Europe and help even more people.”
Malcolm Cowley, CEO at TaxScouts: "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. Enhanced by the scale and strength of Taxfix, we can achieve this goal on a larger scale together, making a significant impact across Europe and beyond.”
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, continuously improving its services to better cater to customer needs, and expanding the product portfolio with its “Expert-Service”.