What Divly does

Divly, operated by Ragnaros AB and headquartered in Stockholm, Sweden, is a SaaS cryptocurrency tax platform founded in 2021 by Ruben and Carl. The platform enables retail and business crypto investors to import transaction data from 200+ wallets and exchanges via API key, CSV/XLSX upload, or direct blockchain wallet address, then automatically calculates taxable gains and losses and generates country-specific tax reports for 13+ European jurisdictions (including PIT-38 for Poland, Anlage SO/KAP for Germany, RentaWEB for Spain, and Skatteetaten for Norway). The product supports staking, mining, lending, and airdrop income tracking, tax loss harvesting, and jurisdiction-specific optimizations such as Norway's Highest-In-First-Out (HIFU) method.

The business operates a product-led growth model with no KYC requirement and a free trial, monetizing through tiered subscriptions differentiated by transaction volume (Casual, Enthusiast, etc.) and an affiliate program via Tapfiliate offering 20-40% first-purchase and 10-20% recurring commissions. Customer segments include individual retail crypto investors (primary), businesses with crypto holdings, and accountants managing multiple clients. The company claims 50,000+ users across Europe and 80%+ EU population coverage. GTM is reinforced by country-specific SEO content, localized landing pages in 13+ languages, PR in Bloomberg Tax, Cointelegraph, and CoinGecko, and Blockchain Sweden founding membership.

The company has raised $400K in pre-seed funding (March 2023) from DHS Venture Partners, Greens Ventures, and Young Entrepreneurs of Sweden. Strategic positioning centers on the regulatory tailwinds of EU MiCA, DAC8, OECD CARF, and US Form 1099-DA, supported by the in-house Global Cryptocurrency Taxation Report 2026, which found only 1.76% of global crypto owners declare their assets to tax authorities.

Name

Divly

Legal name

Ragnaros AB

Website

https://divly.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Divly is a Swedish SaaS platform that generates localized cryptocurrency tax reports for individual investors, businesses, and accountants across 13+ European countries, importing transactions from 200+ wallets and exchanges.

Ownership category

akta.pro rank

Product category

Crypto Tax Software

NAICS

Information (51)

SIC

Finance Services (6199)

akta.pro primary industry

MEV, Market Integrity & Manipulation Surveillance (FSAPAJAJ)

Keywords

• Crypto tax software
• Cryptocurrency tax reporting
• Crypto accounting platform
• Digital asset taxation
• Crypto tax compliance

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Crypto tax report subscription: Users pay for tiered plans to generate crypto tax reports. Plans differentiated by number of transactions. Free trial available without requiring credit card or KYC. One-time purchase of tax reports for previous years also offered.
2. Affiliate commission revenue: Divly operates an affiliate program via Tapfiliate where partners earn commissions (20-40% first purchase, 10-20% recurring) for referred customers. Revenue is generated from affiliate-converted customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Divly is a SaaS cryptocurrency tax platform that helps users import transactions from 200+ wallets and exchanges via API, CSV/XLSX, or direct blockchain address, automatically calculates capital gains, losses, and income from staking/mining/lending/airdrops, and generates country-specific, localized tax reports in 13+ European tax authority formats. The platform serves individual investors, businesses with crypto holdings, and accountants managing multiple clients through three tailored offerings, with no KYC required and a freemium entry point.

Product overview

Divly is a cryptocurrency tax management platform that offers three main products: For Individuals (core platform for calculating and declaring crypto taxes), For Companies (crypto accounting module for business clients), and For Accountants (multi-client management dashboard). The platform supports 200+ wallets/exchanges and generates localized tax reports in 13+ European country-specific formats. Users import transactions via API or CSV, track gains/losses, and download tax reports for submission to local tax authorities.

Differentiator

Problem solved

Functional benefit

Products and services

• Divly for Individuals SaaS crypto tax platform for individual retail cryptocurrency investors and traders. Users register with email only (no KYC, no credit card), import transactions from 200+ wallets and exchanges via API, CSV/XLSX, or blockchain address, automatically track portfolio performance and taxable gains/losses (including staking, mining, lending, and airdrop income), apply country-specific optimization methods (e.g., HIFU for Norway, tax-loss harvesting), and download a localized tax report formatted for their country's tax authority (e.g., PIT-38, Anlage SO/KAP, RentaWEB, RF-1366, Quadri RT/RW, Skatteetaten). Sold via tiered subscriptions differentiated by transaction count, with one-time prior-year purchases also available.
• Divly for Companies Crypto accounting and tax-reporting module for businesses that hold, trade, or transact cryptocurrency as part of operations. Simplifies corporate crypto bookkeeping, calculates business crypto taxes, and generates compliant business tax reports for European jurisdictions, building on the same transaction-import, calculation, and localized-report engine as the individual product.
• Divly for Accountants Multi-client dashboard for accountants and tax professionals handling cryptocurrency tax reporting for multiple individual or business clients. Allows firms to create accounts for clients or invite existing clients to manage their crypto tax reporting, centralizing workflows and applying country-specific rules across diverse client portfolios.

Quantifiable outcome

• Over 50,000 users trust Divly for crypto tax reporting
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration103 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Blockchain SwedencoreStrategic or Co-development PartnerDivly is one of the founding members of Blockchain Sweden, an organization that actively works with policymakers, government agencies, industry organizations, media, and the business sector to promote and strengthen conditions for the blockchain industry in Sweden. This membership provides strategic positioning and regulatory engagement.
• StripeminorOthersStripe is used as the payment processor for fiat payments (credit/debit cards). Divly does not receive credit card numbers or bank account details from Stripe. Processing agreement governed by Stripe's standard terms.
• CoinPaymentsminorOthersCoinPayments acts as the payment processor for cryptocurrency purchases. Divly only receives the transaction hash and relevant email address from CoinPayments.
• TapfiliateminorOthersTapfiliate is used as the affiliate tracking software to manage Divly's partner program. It tracks referral cookies (60-day duration) and manages affiliate commissions.
• AWS Europe (Germany)minorOthersAWS Europe in Germany is used for cloud data storage. Data processing agreement in place per GDPR requirements.
• MailchimpminorOthersMailchimp is used for email marketing activities by Divly.
• SendGridminorOthersSendGrid is used as Divly's email delivery/processing service.
• IntercomminorOthersIntercom is used as the customer support software provider, enabling chat functionality on the website and in-app support.
• 200+ crypto exchanges and wallet providerscoreTechnology or IntegrationDivly has API integrations with 200+ cryptocurrency exchanges (Binance, Coinbase, Kraken, Bitstamp, KuCoin, Bybit, eToro, etc.) and wallets (Ledger, MetaMask, Trezor, Exodus, etc.) to import transaction data for tax calculation. These are technically integrated platforms rather than formal commercial partnerships.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Blockpit: Austria-based crypto tax and portfolio tracking platform (formed via Accointing merger) with strong European focus. Direct European competitor to Divly, also targeting DAC8-driven compliance demand across EU member states.
• ZenLedger: US-based crypto tax software platform offering tax reporting, portfolio tracking, and accounting integrations. Directly comparable to Divly on transaction import and tax-form generation for retail and accountant customers.
• CryptoTaxCalculator: Australia-based crypto tax software with extensive exchange/wallet integrations and accountant-focused features. Directly comparable to Divly in functionality, with similar tiered subscription pricing and audit-ready report outputs.
• TokenTax: US-based crypto tax platform offering both DIY software and full-service tax filing for individuals and businesses. Comparable to Divly's individual-focused product but with stronger US DeFi and NFT coverage.
• Koinly: Koinly is the most direct global competitor to Divly, offering crypto tax calculation software with broad multi-country support, 350+ exchange/wallet integrations, and accountant-focused tooling. Both target retail and accountant crypto tax workflows with subscription pricing.
• Bitcoin.tax: Long-standing US-based crypto tax software supporting major exchanges and generating US IRS tax forms. Comparable to Divly as a focused tax-reporting tool for individual crypto investors.
• CoinTracker: CoinTracker is a leading US-headquartered crypto tax and portfolio tracking platform supporting 300+ exchanges/wallets. It overlaps directly with Divly on tax report generation, transaction import, and tax-loss harvesting features.
• CoinLedger: CoinLedger (formerly CryptoTrader.Tax) is a US-based crypto tax reporting platform supporting 400+ integrations. Competes with Divly on tax report generation for retail and professional users.
• Accointing: Originally a Swiss-based crypto tax and portfolio tracking platform (now part of Blockpit). Historically a direct European competitor to Divly with similar multi-jurisdiction tax-report functionality.

Broad incumbents

• TaxBit: TaxBit is a larger, well-funded crypto tax and accounting infrastructure provider serving enterprises, exchanges, and consumers. It overlaps with Divly's accountant/enterprise ambition but operates at a much broader scale and B2B focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Divly