TaxDown
Category: AI in Fintech
An AI-powered digital tax platform that combines artificial intelligence with a team of over 150 tax specialists to help individuals and businesses file tax returns, optimize deductions, and manage fiscal procedures across Spain and Latin America. TaxDown was founded in 2019. The company is led by Enrique García Moreno. Based in Madrid, Spain. Team size: 150-200. Total funding raised: €15.4M. Latest round: Venture Debt round (€4.0M, Mar 2026). Key investors include ["BBVA Spark","Bonsai Partners","Base10 Partners","JME Ventures","4Founders Capital","FJ Labs","Atresmedia","Mediaset","ENISA","Abac Nest"].
- Founded
- 2019
- Headquarters
- Madrid, Spain
- Team size
- 150-200
- Total funding
- €15.4M
Value proposition
Completes tax returns in under 10 minutes with AI-powered deduction discovery and expert human validation, achieving an average savings of €350 per return while providing comprehensive audit protection and personalized advice.
Products and solutions
["Personal Income Tax Filing Platform (IRPF)","Luz AI Tax Assistant - instant tax query resolution","Autonomous Workers Tax Management (self-employed/freelancers)","Investment Tax Solutions (crypto, stocks, dividends)","Expat & Non-Resident Tax Services","Property Rental Income Tax Management","Corporate Tax Solutions for B2B Partners"]
Unique value
Hybrid model combining proprietary AI that analyzes over 500 tax variables with a team of 150+ human tax experts for double validation, automating tasks up to 200x more efficiently than traditional methods. The platform processes over 2 million tax simulations between Spain and Mexico.
Target customer
Individual taxpayers (employees, freelancers, investors, expatriates, property owners), self-employed professionals (autónomos), and HR departments seeking tax solutions for employees
Industries served
["FinTech","TaxTech","Artificial Intelligence","Personal Finance","SaaS","Digital Banking"]
Technology advantage
AI-powered automation of deduction discovery, document filtering, error detection, communications automation, and real-time legal updates. The system integrates directly with the Spanish Tax Agency (Hacienda) via secure API, eliminating manual data entry while ensuring compliance. Human experts provide final review and handle complex cases or tax authority inquiries.
How they differentiate
Hybrid AI-human model combining proprietary technology that analyzes 500+ tax variables with a team of 150+ tax specialists for double validation; Official partner of Spanish Tax Agency (Hacienda); Member of Asociación Española de Asesores Fiscales (AEDAF); Strategic partnership with BBVA Spark for growth financing; Strong focus on Latin American expansion (Mexico operations)
Main competitors
["Taxfix (Taxfix España/TaxScouts)","Declarando.es","Wundertax"]
Key partnerships
["BBVA Spark (strategic financing partner since 2023)","Spanish Tax Agency (official authorized partner)","Asociación Española de Asesores Fiscales (AEDAF) - member","Santander (banking integration partner)","Revolut (banking integration partner)","Bonsai Partners (lead investor April 2025)","Base10 Partners (investor)","JME Ventures (investor)","4Founders Capital (investor)","More than 200 corporate collaboration partners"]
Notable customers
["BBVA (banking integration partner)","Santander (banking integration partner)","Revolut (banking integration partner)","Spanish Tax Agency (official authorized partner)","Over 200 corporate collaboration partners"]
Major milestones
["Founded in 2019 in Madrid, Spain","Raised €2.4M Seed round led by FJ Labs in March 2021","Expanded operations to Mexico for Latin American market entry","Achieved profitability in 2025 with 100%+ YoY revenue growth","Launched Luz AI Tax Assistant for instant tax query resolution","Secured €4M financing from BBVA Spark in March 2026 for AI scaling","Built team of over 150 tax specialists and advisors","Established official partnership with Spanish Tax Agency (Hacienda)"]
Growth metrics
Achieved profitability in 2025 with over 100% year-over-year revenue growth; Reached over 500,000 users and €10M+ in revenue by early 2025; Goal to reach 3 million users; Processed over 2 million tax simulations between Spain and Mexico
Market positioning
Leading Spanish tax tech platform with profitable growth-stage status; Over 500,000 users and €10M+ in revenue; Achieved profitability in 2025 with 100%+ year-over-year revenue growth; Mid-market B2C/B2B hybrid serving individuals, self-employed, expats, and HR departments
Geographic focus
Spain (primary market), Mexico (Latin America expansion)
Patents and IP
No registered patents disclosed in public sources as of March 2026
About Enrique García Moreno
Enrique García Moreno is a serial entrepreneur and fintech executive with extensive experience in management consulting and technology startups. He previously worked at A.T. Kearney as a Management Consultant where he led teams and managed work streams with fast-track promotions. Before founding TaxDown, he worked at Jobandtalent, gaining valuable startup experience. He holds a Master of Science (MSc) in Telecommunications Engineering from Universidad Politécnica de Madrid (2007-2013), a Master in Advanced Digital Marketing from Instituto de Empresa (IE Business School) (2014), and a Degree in Business Administration and Computer Science from Universidad Pontificia Comillas (ICADE) (2008). Under his leadership, TaxDown has raised over €29 million in total funding and successfully expanded from Spain to Mexico, serving millions of users.
Official website: https://taxdown.es