TaxTim Acquired: Twofold Capital Leads Consortium to Fuel Growth
South African digital tax assistant, TaxTim, has been acquired by a private investment consortium spearheaded by Twofold Capital. This acquisition signals a new chapter for the platform, allowing co-founder Evan Robinson to continue steering product strategy while providing a full exit for non-operational shareholders. The deal aims to inject fresh capital and expertise into the pioneering fintech platform.
Powering Tax Automation and Expansion
As part of the acquisition, Stellenbosch-based technology group Octoco joins the consortium. Octoco will provide crucial technical and operational support to TaxTim, facilitating the platform’s ambitious growth plans. Co-founder Evan Robinson will remain deeply involved, focusing on product development and driving the company towards greater automation and service diversification. “This deal is an injection of new energy, expertise, and capital,” Robinson stated, emphasizing his continued commitment to simplifying tax processes for South Africans.
This acquisition marks a significant milestone for TaxTim and the South African fintech landscape. With new investment and technological support, TaxTim is poised to further revolutionize digital tax filing and expand its reach across the country. The focus on automation and service expansion promises to make tax compliance more accessible and efficient for all South Africans.
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