ExpressGroup Raises €25 Million in Series A Funding

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ExpressGroupa fintech company based in Hamburg, Germany, raised €25m in Series A funding.

The round was led by Insight Partners and Project A Ventures.

The company intends to use the funds to expand the organization internationally and launch products aligned in more fintech verticals.

Founded in 2019 by Maximilian Lambsdorff, Dennis Konrad, Konstantin Loebner, Mehdi Afridi and Andreas Santoro, ExpressGroup provides fintech products for the working class and the middle class, starting with taxes. Its first product, “ExpressSteuer”, uses an AI-powered backend system that allows platform partners such as accounting firms, tax advisors and lawyers to process tax cases in minutes. The system uses machine learning and automation features that, combined with manual labor, make processing tax returns easier, faster, and more accurate.

According to a written note, the product was well received by the target audience, which helped the company achieve over 45 million GMV in less than 12 months.

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05/04/2022






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