Way2Vat

Tel Aviv, Israel Founded: 2015 • Age: 11 yrs
Travel expenses for businesses are managed via an online platform.
Annual revenue $2.8M Latest available
Total funding $5.0M 3 rounds
Employees - Tracked headcount
Investors 4 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

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
  • Sectors
    Technology
    Travel & Hospitality
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Travel & Hospitality → Hospitality & Travel Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $2.82 M (USD)
    47.68
    as on Dec 31, 2024
  • Net Profit
    -$3.4 M (USD)
    14.31
    as on Dec 31, 2024
  • EBITDA
    -$3.2 M (USD)
    15.16
    as on Dec 31, 2024
  • Total Equity Funding
    $5 M (USD)

    in 3 rounds

  • Latest Funding Round
    $784.56 K (USD), Post-IPO

    Jun 08, 2022

  • Investors
  • Employee Count
    Not available
  • 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.

Exchange: ASX · Ticker: W2V · Sector: Technology services · Australia

Products & Services of Way2Vat

Way2Vat offers a comprehensive portfolio of products and services, including VAT & GST Reclaim, AP Invoice Compliance, and VAT Reclaim Spain.

Product name locked
Category locked
Primary

Automates recovery of VAT and GST on business expenses worldwide

Product name locked
Category locked
Locked

Ensures compliance and reclaims VAT on supplier invoices

Product name locked
Category locked
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Specialized reclaim for Spanish expenses through subsidiary

People of Way2Vat

Headcount 50-200
Employee Profiles 8
Employee Profiles
People
Amos Simantov
Founder and CEO
People
Elena Sorescu
Managing Director
People
Amit Asaf
Business Development Manager
People
Tamar Peer
Product Manager

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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.

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.

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Venture Fund
Investor Description Founded Year Domain Location
Private equity investments are focused on Russia, Ukraine, and Kazakhstan.
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Investments are directed by Moneta toward data science technology startups.
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Investor details for Way2Vat

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Investments & Acquisitions by Way2Vat

Way2Vat has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DevoluIVA.

Investments
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Investment portfolio details for Way2Vat

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Provider of invoice digitization platform
Locked Locked 2010 Locked
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Complete acquisition details for Way2Vat

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Financial Statements - Way2Vat

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Detailed financials for Way2Vat

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  • Profit trends
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Way2vat Comparisons

Way2Vat Primary company
Description
Travel expenses for businesses are managed via an online pla...
Location
Tel Aviv, Israel
Founded Year
2015
Annual Revenue
$2.82 M (USD)
Net Profit
-$3.4 M (USD)
EBITDA
-$3.2 M (USD)
Employees
Not available
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Peer comparison for Way2Vat

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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.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
SaaS-driven credit card and spend management solutions platform for businesses
Locked Locked Locked
Spend management and accounts payable solutions are delivered to businesses.
Locked Locked Locked
Corporate travel and expense management are facilitated through SaaS platform.
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SaaS expense management solutions for business travel are provided.
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Procure-to-pay management software is offered for business operations.
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Corporate cards and expense management are offered to businesses.
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Detailed competitors of Way2Vat

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  • Domains and locations
  • Full company profiles
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  • Competitive positioning

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Latest news on Way2vat

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Complete news archive for Way2Vat

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Way2Vat

Way2Vat was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Way2Vat is headquartered in Tel Aviv, Israel.

Way2Vat is a funded company, having raised a total of $5M across 3 funding rounds to date.

Annual revenue of Way2Vat is $2.82M as on Dec 31, 2024.

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.

Way2Vat's top competitors include Navan, Ramp and Brex.

Way2Vat offers VAT & GST Reclaim, AP Invoice Compliance, and VAT Reclaim Spain.

Yes, Way2Vat is publicly traded on ASX under the ticker symbol W2V.

Way2Vat has made 1 acquisition, including DevoluIVA.

Way2Vat has 4 investors. Key investors include Da Vinci Capital, Poalim Capital Markets, Moneta VC, and Kfar Saba.

The ticker symbol of Way2Vat is W2V on ASX.

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