About Way2Vat
Way2Vat is a company based in Tel Aviv (Israel) founded in 2015.. Way2Vat has raised $5 million across 3 funding rounds from investors including Da Vinci Capital, Poalim Capital Markets and Moneta VC. Way2Vat has completed 1 acquisition, including DevoluIVA. Way2Vat offers products and services including VAT & GST Reclaim, AP Invoice Compliance, and VAT Reclaim Spain. Way2Vat operates in a competitive market with competitors including Brex, Ramp, Navan, Pleo and Airbase, among others.
- Headquarter Tel Aviv, Israel
- Stage Public
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Sectors
TechnologyTravel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$2.82 M (USD)47.68as on Dec 31, 2024
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Net Profit
$-3.4 M (USD)14.31as on Dec 31, 2024
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EBITDA
$-3.2 M (USD)15.16as on Dec 31, 2024
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Total Equity Funding
$5 M (USD)
in 3 rounds
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Latest Funding Round
$784.56 K (USD), Post-IPO
Jun 08, 2022
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Investors
Da Vinci Capital
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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IPO & Listings of Way2Vat
Way2Vat is a publicly listed company on the ASX with ticker symbol W2V in Australia, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Way2Vat
Way2Vat offers a comprehensive portfolio of products and services, including VAT & GST Reclaim, AP Invoice Compliance, and VAT Reclaim Spain. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates recovery of VAT and GST on business expenses worldwide
Ensures compliance and reclaims VAT on supplier invoices
Specialized reclaim for Spanish expenses through subsidiary
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Leadership Team
3 people
Sales and Marketing
2 people
Operations Team
2 people
Product Management Team
1 people
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Funding Insights of Way2Vat
Way2Vat has successfully raised a total of $5M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $784.56 thousand completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Post-IPO — $784,560
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First Round
First Round
(19 Jun 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Post-IPO - Way2Vat | Valuation |
investors |
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| Sep, 2017 | Amount | Series A - Way2Vat | Valuation | Da Vinci Capital , Poalim Capital Markets |
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| Jun, 2016 | Amount | Seed - Way2Vat | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Way2Vat
Way2Vat has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Da Vinci Capital, Poalim Capital Markets and Moneta VC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are focused on Russia, Ukraine, and Kazakhstan.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Investments are directed by Moneta toward data science technology startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Way2Vat
Way2Vat has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DevoluIVA. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of invoice digitization platform
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Way2Vat
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Way2vat Comparisons
Competitors of Way2Vat
Way2Vat operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Brex, Ramp, Navan, Pleo and Airbase, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
SaaS expense management solutions for business travel are provided.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Way2vat
Frequently Asked Questions about Way2Vat
When was Way2Vat founded?
Way2Vat was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Way2Vat located?
Way2Vat is headquartered in Tel Aviv, Israel.
Is Way2Vat a funded company?
Way2Vat is a funded company, having raised a total of $5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 19, 2016.
What is the annual revenue of Way2Vat?
Annual revenue of Way2Vat is $2.82M as on Dec 31, 2024.
What does Way2Vat do?
Way2Vat was founded in 2015 in Tel Aviv, Israel, and operates in the travel expense management sector. An online platform is offered to medium and large organizations for automating business travel expenses. Patent-pending mobile-cloud-ERP technologies are utilized to handle processes and recover foreign VAT from business trips. The company entered stealth mode in July 2016.
What products or services does Way2Vat offer?
Way2Vat offers VAT & GST Reclaim, AP Invoice Compliance, and VAT Reclaim Spain.
Is Way2Vat publicly traded?
Yes, Way2Vat is publicly traded on ASX under the ticker symbol W2V.
How many acquisitions has Way2Vat made?
Way2Vat has made 1 acquisition, including DevoluIVA.
Who are Way2Vat's investors?
Way2Vat has 4 investors. Key investors include Da Vinci Capital, Poalim Capital Markets, Moneta VC, and Kfar Saba.
What is Way2Vat's ticker symbol?
The ticker symbol of Way2Vat is W2V on ASX.