GERMANY – ExpressGroup, a Hamburg, Germany-based fintech company, raised €25m in Series A funding.
The round was led by Insight Partners and Project A Ventures. The company intends to use the funds to grow the organization internationally and to launch aligned products in more fintech verticals.Founded in 2019 by Maximilian Lambsdorff, Dennis Konrad, Konstantin Loebner, Mehdi Afridi and Andreas Santoro, ExpressGroup provides fintech products for the working class and middle class, starting with taxes. Its first product, “ExpressSteuer,” uses an AI-powered backend system that allows platform partners such as accounting firms, tax consultants, and lawyers to process tax cases in a few minutes. The system uses machine learning and automation features, which in combination with manual work makes processing income tax returns easier, quicker, and more accurate.According to a written note, the product was well received by the target audience allowing the company to grow to over €45 million GMV run-rate in under 12 months.05/04/2022
