Madrid-based fintech TaxDown has secured $4.6 million in financing from BBVA Spark to accelerate development of its artificial intelligence-driven tax platform. The investment will support product development, expand the company’s technology team, and strengthen its presence in Spain and Mexico.
The financing is supported by the European Union’s NextGenerationEU program, the European Investment Fund, and Spain’s InvestEU program, reflecting institutional backing for the company’s AI-based approach to digital tax services.
Founded in 2019, TaxDown combines proprietary technology, artificial intelligence, and human tax expertise to automate complex tax filing processes and deliver personalized tax guidance. The platform has grown to more than four million users, processed over €1.5 billion in taxes, and established partnerships with more than 500 companies.
Enrique García, CEO and co-founder of TaxDown, said the financing will support continued investment in AI systems designed to simplify tax management and improve financial transparency for users.
Featured image: Credit: TaxDown
