Waltio, a cryptocurrency tax assistant, announced a fundraising of €1.8 million. Among the investors are renowned business angels and institutional players such as Clément Coeurdeuil (co-founder of Budget Insight), Joan Burkovic (co-founder of Bankin’), Owen Simonin (known as Hasheur), Julien Bouteloup (founder of Stake Capital), and Crédit Agricole Capital Développement.
Waltio is one of the first European platforms allowing individuals to track their entire digital asset portfolio, thereby simplifying tax calculation, reporting, and planning. Founded in 2019 by Pierre Morizot and Benjamin Chevallereau, Waltio supports over 25,000 active users in monitoring their accounts and reporting on more than 10,000 digital assets in the French, Belgian, and Spanish markets.
Pierre Morizot, co-founder and CEO of Waltio, said:”Waltio aims to be the essential software for tracking and tax compliance for European individuals. Its goal is to make cryptocurrency taxation accessible to a wider audience and in compliance with European regulations, ensuring peace of mind for its savers. Thanks to this fundraising, Waltio will diversify its offerings, expand in Europe, and enhance its technology to support its growth, allowing a larger number of individuals to continue diversifying and growing their savings without tax headaches.”
With this fundraising, Waltio wants to position itself as the first platform for automated tracking and crypto reporting, offering a simplified solution for managing tax obligations in this asset class. This funding will enable Waltio to develop its automated portfolio tracking and digital asset tax reporting software, strengthen its tax compliance solution for exchange platforms and governments, accelerate its international expansion by entering new countries in Europe, and enhance its technology by integrating artificial intelligence to improve the automation of data collection and valuation of Web3 data.
Clément Coeurdeuil, Waltio investor, added: “The complexity of cryptocurrency tax reporting is currently a barrier to the widespread adoption of Web3. Waltio is the essential tool for portfolio tracking and tax compliance to facilitate the use and daily development of this technology by European savers.”
Read the orginal article: https://www.eu-startups.com/2023/11/paris-based-waltio-raises-e1-8-million-to-simplify-crypto-tax-reporting-for-individuals-in-europe/
