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The Spanish fintech company Declarando closed a financing round of 2.2 million euros

June 6, 2020

The Spanish fintech declarando, which is dedicated to tax advice for the self-employed, has completed a financing round of around 2.2 million euros. This was reported by the venture capital portal.

As described in the article on this portal, The JME Ventures fund managed the operation, and Encomenda Smart Capital, Fundación Bankinter and Sabadell Venture Capital, who were already in the capital, also participated.

The publication states: “Declarando has already worked with more than 40,000 freelancers and has a team of 40 employees. The company plans to begin internationalization by entering Mexico at the end of the year.“”

The Spanish fintech company Declarando closed a financing round of 2.2 million eurosThe Spanish fintech company Declarando closed a financing round of 2.2 million euros

This medium also explained that the main objective of this round was to consolidate and further develop the product in Spain so that its customers shorten the time for the management.

“Declarando manages to simplify taxation by automating some tasks, such as expense accounting, tax reporting and income tax returns, which it believes its self-employed customers can save up to 4,000 euros a year. The platform uses technology to automate full advice to the self-employed and to meet their tax, accounting, financial and labor needs, ”said Venture Capital.

Marta Zaragoza, CEO of Declarando, remarked that thanks to the services offered, the freelancers can know what expenses are automatically deductible or how much tax they will pay in their next statement:

“It’s like a consultant sitting in the next chair 24 hours a day.”

On the other hand, it should be noted that Fintech develops a system of personalized product recommendations such as insurance and pension plans for different customers with different situations.

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