TaxLeopard, the one-stop accounting software and tax app for Australian self-employed people and contractors, has announced the acquisition of Airtax, the BAS and income tax return accommodation software. Airtax is a technology built by PwC in 2016 and transformed into a global mobility solutions company. Vialto Partners was formed as part of the global exit from PwC in 2022.
The six-figure deal will give TaxLeopard access to Airtax’s more than 40,000 users and a “strong brand in the ride-sharing market, particularly among Uber drivers.”
The acquisition will take place as follows tax leopard is targeting “significant growth,” and the company sees this as “an important step in expanding its user network, technology infrastructure, and partnerships.”
The acquisition comes as TaxLeopard aims to “increasely incorporate generative AI technology into its platform and use AI to evolve its services and deliver more nuanced and automated tax and accounting solutions.” It is also a big push for development.
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To further enhance its AI capabilities, TaxLeopard is collaborating with RMIT’s Center for Industrial AI Research and Innovation (CIARI) to create an AI-based smart tax system that helps self-employed individuals without easy, regular and affordable taxes. It states that it is building an assistant. You have access to an accountant to better manage your business. The AI being developed will provide personalized advice on how to increase income and maximize deductions.
“We are at a really exciting stage in our business trajectory and product journey, and the acquisition of Airtax demonstrates our intention to remain at the forefront of financial and tax innovation in Australia.” Selda Kaplan, CEO and Co-Founder of TaxLeopard. “Acquiring Airtax’s high quality and wide range of technology will enable us to enhance our existing capabilities, continue to grow our user base, and expand on the important strategic partnerships we have domestically and internationally. , we are excited to embark on this next phase of growth and continue to deliver cutting-edge, AI-powered tax and accounting software to our partners and users around the world.”
Since its inception in 2022, TaxLeopard has acquired thousands of customers in Australia comprising freelancers, contractors and sole traders, as well as numerous strategic partnerships with globally recognized companies and gig economy platforms. and integration. Doordash, Fiver, Didi.
“With a focus on customer experience, TaxLeopard has integrated global CDR and data aggregation technologies. Yodlee allows users to link their existing bank accounts rather than requiring them to switch to a new bank account. “This is a unique service and sets TaxLeopard apart from many competitors that require users to set up a new bank account when signing up,” said Kaplan.
Nigel Stivala, Airtax Product Owner “We believe AirTax is a sleeping giant that will thrive under new ownership that can provide it with the focus and attention it deserves. With a dedicated team with the experience and passion for this market, There is significant upside potential. The team at TaxLeopard are the perfect stewards to take this business forward and I am confident that it will be a huge success under their stewardship.”
Following the acquisition, TaxLeopard said it is actively seeking investment for its next stage of growth.
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