Taxfix Group acquires TaxScouts and enters UK market

Taxfix Group, a European financial platform for digital tax filing, has entered into a definitive agreement to acquire TaxScouts, a company working in accountant-assisted digital tax filing.

Headquartered in London, UK, with offices in Madrid, Spain, and Tallinn, Estonia, TaxScouts has been acquired by Taxfix, marking a significant expansion into the UK market. This strategic move reinforces Taxfix’s position in European financial technology, offering tax filing services across four major European markets: Germany, UK, Spain, and Italy. The terms of the transaction remain undisclosed.

The acquisition accelerates Taxfix’s international strategy, unlocking substantial growth opportunities throughout Europe. The UK, where over 12 million individuals are required to file a self-assessment tax return annually, presents considerable potential, especially given that 46% of filers find the process challenging.

Founded in 2017, TaxScouts has built a robust presence in the UK and Spain, boasting high customer satisfaction (4.8/5 on TrustPilot) and support from over 150 tax accountants. By combining TaxScouts’ expertise in tax accountant support with Taxfix’s proven self-service tax filing and expanding tax expert services, the newly formed Taxfix Group aims to enhance customer experiences and assist more individuals in efficiently filing their taxes.

Martin Ott, CEO at Taxfix: "The acquisition of TaxScouts marks a significant step in our European expansion. Tax filing can be a daunting and painful process for so many people across Europe, and with TaxScouts, we share the same mission: to break down barriers and empower users to take control of their finances, starting with their tax return. I am personally very excited to officially welcome our new TaxScouts colleagues to the Taxfix Group. Combining the strengths of our teams will allow us to better address the diverse needs of all taxpayers across Europe and help even more people.”

Malcolm Cowley, CEO at TaxScouts: "We are thrilled to join the Taxfix family. Delivering exceptional service to our customers remains at the heart of what we do, and this partnership allows us to leverage Taxfix's innovative approach and extensive resources to enhance our services in the UK and Spain. Our teams are a great fit, sharing a common mission to simplify tax filing and alleviate the associated stress for everyone. Enhanced by the scale and strength of Taxfix, we can achieve this goal on a larger scale together, making a significant impact across Europe and beyond.”

TaxScouts’ 40-people strong team will join forces with Taxfix, fostering collaboration, innovation, and knowledge sharing across markets. Malcolm Cowley, CEO at TaxScouts, will continue to spearhead TaxScouts at Taxfix Group. Kaupo Korv and Daniel Karger, founders of TaxScouts, will continue to serve as CPO and CTO at TaxScouts and work closely with the Taxfix leadership team.

Taxfix Group has been on a sustainable growth trajectory, bolstered by the successful acquisition of Steuerbot in 2023. To date, Taxfix has assisted over 5 million customers, securing more than €3.5 billion in refunds for European tax filers, continuously improving its services to better cater to customer needs, and expanding the product portfolio with its “Expert-Service”.