Madrid-based TaxDown has secured €4 million in financing from BBVA Spark, marking its second €4M rou...
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Updates the player map for Segment 08 (Finance/Ops) with a profitable, scaling fintech-AI player, though the €4M round does not trigger cross.§D.
Madrid-based TaxDown has secured €4 million in financing from BBVA Spark, marking its second €4M round in a year as it scales its AI-driven tax platform across 4+ million users in Spain and Mexico. The startup, which achieved profitability in 2025 after 100%+ revenue growth, has now processed over €1.5 billion in taxes through its platform that combines AI automation with 200+ human tax advisors to analyze 500+ variables per return. This strategic partnership with BBVA, building on their existing collaboration since 2023, signals how major banks are actively integrating AI-native fintech solutions rather than building them in-house. The funding, backed by NextGenerationEU and the European Investment Fund, will accelerate TaxDown's AI development and Latin American expansion, positioning it as a leading case study in how AI can democratize complex financial services while maintaining profitability at scale.