Fiscozen, an Italian startup that operates in the field of administrative management for VAT numbers, announces that it has received an investment from Visma, a Norwegian company that provides software solutions to companies throughout Europe. The operation, which represents a significant step for the Italian startup, was disclosed without specifying its value.
Fiscozen was founded in Milan in 2018 and is led by co-founders Enrico Mattiazzi and Vito Lomele, has developed a SaaS platform that, thanks to technology and the network of partner accountants, allows freelancers to manage their VAT number and their business more easily and effectively.
Over the years, the company has raised a total of €12 million, through 2 investment rounds led by United Ventures and Keen Venture Partners, a Dutch venture capital fund.
The investment is a further step in the company’s growth path and marks Visma’s entry into the Italian market, after expanding into Spain, Germany, Portugal and France over the last three years. Headquartered in Oslo, Norway, Visma is a group of more than 180 companies serving more than 1.7 million customers in 32 countries across Europe and Latin America, with dedicated products for both the private and public sectors. Its mission is to simplify and automate the work of companies and organizations of all sizes.
Solutions for VAT numbers
Fiscozen manages taxes, tax deadlines and tax returns for VAT numbers in Italy. Partner accountants who work with the company, thanks to a significant increase in their productivity, can spend more time assisting their clients. The average chat response time is less than five minutes, ensuring the fastest tax support on the market.
“We are very excited to announce our entry into the Italian market by investing in Fiscozen. Thanks to the innovative use of technology, to make work more efficient for both clients and accountants, Fiscozen is a perfect match for us,” said Merete Hverven, CEO of Visma, in a statement. We want to continue to grow, both in the markets where we are already present and in new ones. We intend to further expand our presence in Italy through selective investments that fit our strategic positioning. Coming from the Nordic countries, we have seen for many years how new technologies have breathed new life into the entire accounting sector. All manual and time-consuming tasks are becoming a thing of the past, freeing up time for more value-added consulting services and making the industry more attractive to new talent. We expect to see the same trend in continental Europe in the coming years, and Visma wants to be a driving force, with its modern, easy-to-use cloud solutions.”
“In our mission to free millions of Italian entrepreneurs from bureaucracy, Visma is the ideal partner. Our new investor provides us with great industry experience and the financial capacity to further support our growth,” adds Enrico Mattiazzi, CEO and co-founder of Fiscozen.
“At the same time, as entrepreneurs, we will be able to contribute to Visma’s founders’ network, sharing our vision that goes beyond cloud software. We are convinced that technology will automate all activities and become pervasive and invisible, leaving tax advisors and clients more time to build valuable relationships,” says Vito Lomele, co-founder of Fiscozen.
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