TaxTec
TaxTec provides AI-enabled digital tax reclamation and ADR tax agent services for institutional investors, automating tax recovery, claims monetization, and withholding relief across 100+ jurisdictions and 3,000+ double taxation treaties from London and New York.
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What TaxTec does
TaxTec is a London-headquartered financial technology company providing AI-enabled digital tax reclamation services to institutional investors globally. The company operates a unified platform spanning 100+ jurisdictions and over 3,000 double taxation treaties, addressing an estimated $16 billion in tax that goes unclaimed annually by institutional investment managers. Its core service suite comprises five products: ADR Tax Relief Agent, Withholding Tax Reclamation, Claims Monetization, ECJ Claims, and Relief At Source, all delivered through an AI-enabled, fully digitized technology stack that automates identification, validation, processing, and submission of tax recovery claims.
The platform architecture is built to eliminate manual processes across cross-border tax workflows, with claims of high automation, error reduction, scalability, and an intuitive client interface. In 2026 TaxTec extended its footprint into regulatory compliance through the MiKaDiv Ecosystem, co-developed with Proxymity and Label, addressing Germany's mandatory digital reporting regime for investment income effective January 1, 2027 and positioning for the EU FASTER directive by 2030. The technology stack carries ISO 27001 certification (achieved February 2026) and is described as DORA compliant, signaling institutional-grade data governance for sensitive financial data.
TaxTec operates a B2B enterprise sales motion targeting large institutional investors (asset managers, custodians, pension funds), supported by offices in London (70 Gracechurch Street) and New York (17 State Street, 40th Floor). Revenue is generated through transaction-based service fees on tax recovered, with quote-based, undisclosed enterprise pricing; the company does not publicly disclose pricing, ARR, or revenue. Strategic partnerships with Label, Proxymity, and a set of technology/integration partners (Deon Digital, HTK Connect, Kingfield, Lake Avenue Capital) extend its platform reach. The company is privately held (TaxTec Inc. in the US; TaxTec (UK) Limited in the UK), founded in 2023, and led by CEO Stephen Everard with a roughly 10-person leadership team covering technology, sales, marketing, operations, client services, and product development.
TaxTec firmographics
Firmographics- Name
- TaxTec
- Legal name
- TaxTec Inc.
- Website
- https://taxtec.co.uk
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- TaxTec provides AI-enabled digital tax reclamation and ADR tax agent services for institutional investors, automating tax recovery, claims monetization, and withholding relief across 100+ jurisdictions and 3,000+ double taxation treaties from London and New York.
- Ownership category
- akta.pro rank
TaxTec industry classification
Industry- Product category
- Tax Technology / Reclamation Software
- NAICS
- Tax Preparation Services (541213), Offices of Certified Public Accountants (541211), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- American Depositary Receipts (8880), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Tax Withholding, Relief at Source & Reclaims (CA Tax) (FSACAKAJ)
- akta.pro secondary industries
- Tax Withholding, Reclaims & Relief-at-Source (Custody) (FSACAHAK), Tax Services (Withholding, Reclaims, FATCA/CRS) (FSAAAOAM), Revenue Systems, E-Filing & Digital Tax Administration (BPAIADAO)
Keywords
Where TaxTec is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
TaxTec business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Digital Tax Reclamation Services: TaxTec provides digital tax reclamation services for institutional investors, offering solutions including ADR Tax Relief Agent, Withholding Tax Reclamation, Claims Monetization, ECJ Claims, and Relief At Source. The platform enables clients to reclaim and retain more tax with a direct positive impact on investment returns. Revenue is generated through service fees related to tax recovery, with the company combining Label's compliance tools with its AI-powered platform for integrated tax automation solutions.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
TaxTec product offering
Product offeringCore offering
TaxTec provides a digital tax reclamation platform for institutional investors, offering ADR Tax Relief Agent, Withholding Tax Reclamation, Claims Monetization, ECJ Claims, and Relief At Source services. The platform leverages AI and a fully digitized technology stack to automate identification, processing, and recovery of withholding taxes across 100+ jurisdictions and 3,000+ double taxation treaties. Services are delivered through a client-centric high-touch model to reclaim and retain more tax, directly improving investment returns.
Product overview
TaxTec offers a unified AI-enabled digital tax reclamation platform for institutional investors. The core offering consists of five specialized services: ADR Tax Relief Agent, Withholding Tax Reclamation, Claims Monetization, ECJ Claims, and Relief At Source. These services work together on a digitized technology stack that leverages artificial intelligence to automate processes across over 3,000 double taxation treaties and 100+ major jurisdictions. The platform also includes the MiKaDiv Ecosystem (a collaborative solution with Proxymity and Label) for German regulatory compliance. All services share a common AI-powered infrastructure for data processing, validation, and regulatory reporting.
Differentiator
Problem solved
Functional benefit
Products and services
- ADR Tax Relief Agent Specialized service for institutional investors to claim relief on American Depositary Receipts (ADR) taxation through automated identification and processing of eligible positions.
- Withholding Tax Reclamation Digital platform enabling automated reclamation of withholding taxes across multiple jurisdictions by leveraging AI to identify eligible claims and process them efficiently.
- Claims Monetization Service enabling institutional investors to monetize their tax claims by providing liquidity against pending tax reclaims, optimizing cash flow management.
- ECJ Claims Specialized claims processing service for European Court of Justice cases related to tax disputes, particularly focused on cross-border taxation issues within the EU.
- Relief At Source Pre-emptive tax relief service that enables investors to obtain withholding tax relief at the point of dividend payment rather than through post-event reclamation processes.
- MiKaDiv Ecosystem End-to-end compliance solution developed in collaboration with Proxymity and Label for Germany's mandatory digital reporting regime for investment income, covering data origination, validation, and regulatory reporting across the full custody chain.
Quantifiable outcome
- $16 billion in tax left unclaimed every year - TaxTec addresses this market opportunity by enabling institutional investors to reclaim and retain more tax
Companies that use TaxTec
Customer profileSegments1 record
Ideal customer profiles1 record
TaxTec technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature4 records
TaxTec partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ProxymitycoreTaxTec, Proxymity, and Label announced a strategic collaboration to deliver a fully connected end-to-end MiKaDiv Ecosystem for compliance with Germany's new mandatory digital reporting regime for investment income. The MiKaDiv (Mitteilungsverfahren Kapitalerträge Dividenden) solution addresses data origination, validation, and regulatory reporting across the full custody chain, supporting future European FASTER requirements by 2030.
- LabelcoreLabel and TaxTec formed a strategic partnership to develop integrated solutions for automating tax compliance and reclamation processes. The collaboration aims to improve operational efficiency, accuracy, and speed for clients worldwide by combining Label's compliance tools with TaxTec's AI-powered tax reclamation platform.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
TaxTec competitors and assessment
Company assessmentBroad incumbents
- State Street: Global custody bank offering tax services including withholding tax recovery, relief at source and corporate actions processing for institutional investors. Competes for the same enterprise mandates as TaxTec, especially for US and European asset managers.
- Clearstream (Deutsche Börse): Post-trade services arm of Deutsche Börse providing custody, settlement and tax services for international securities, including withholding tax reclaims and relief-at-source capabilities. Directly comparable as a large-scale incumbent offering tax reclamation into the same institutional client base.
- Sovos: Global tax compliance SaaS company offering withholding tax management, VAT and corporate tax technology used by multinational corporates and financial institutions. Comparable as a tax-tech incumbent serving enterprise customers with adjacent regulatory technology requirements.
- BNY Mellon: One of the world's largest custody and asset servicing banks with embedded withholding tax reclamation and depositary services for ADRs. Serves the same buy-side and asset manager customers with bundled tax recovery capabilities, making it both a competitor and a potential distribution channel.
- Wolters Kluwer: Global provider of tax compliance and corporate services software that addresses withholding tax, FATCA/CRS and corporate actions workflows at large financial institutions. Overlaps with TaxTec's enterprise tax-compliance and reclamation positioning, although Wolters Kluwer serves a much broader regulatory technology portfolio.
- JPMorgan Chase: Custody and depositary bank providing withholding tax reclaim, depositary receipts services and securities services to institutional clients. Comparable as a large incumbent with in-house tax recovery capabilities that TaxTec must compete against or partner with.
Direct peers
- Proxymity: Digital investor communications and corporate actions platform used by issuers, custodians and asset managers to streamline meeting announcements, proxy voting and disclosure. While it sits upstream of TaxTec, it is also a strategic partner and adjacent competitor for end-to-end custody-to-tax data flows.
- Label: Tax compliance software provider with tools spanning withholding tax, FATCA/CRS, DAC6 and other reporting regimes. Strategic partner and direct adjacent competitor of TaxTec's withholding tax and reclaims platform; products and go-to-market overlap significantly.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
TaxTec social profiles
Digital presenceTaxTec compliance and trust
Trust signalCompliance2 records
TaxTec financial estimates
Financial estimateRevenue estimate
Valuation estimate
TaxTec leadership team
Management profileNumber of profiles
Profiles10 records
TaxTec funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TaxTec M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TaxTec
What does TaxTec do?
TaxTec provides a digital tax reclamation platform for institutional investors, offering ADR Tax Relief Agent, Withholding Tax Reclamation, Claims Monetization, ECJ Claims, and Relief At Source services. The platform leverages AI and a fully digitized technology stack to automate identification, processing, and recovery of withholding taxes across 100+ jurisdictions and 3,000+ double taxation treaties. Services are delivered through a client-centric high-touch model to reclaim and retain more tax, directly improving investment returns.
Is TaxTec a public or private company?
TaxTec is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was TaxTec founded?
TaxTec was founded in 2023. It employs 1 to 10 people.
Where is TaxTec based?
TaxTec is headquartered in London, United Kingdom, in the Europe region.
How does TaxTec make money?
One revenue line is on record: digital Tax Reclamation Services.
Who are TaxTec's main competitors?
Broad incumbents on record are State Street, Clearstream (Deutsche Börse), Sovos, BNY Mellon, Wolters Kluwer and JPMorgan Chase. Direct peers are Proxymity and Label.
Does TaxTec have an API?
No public API is recorded for TaxTec.
What industry is TaxTec in?
TaxTec's product category is Tax Technology / Reclamation Software. Its primary akta.pro industry code is FSACAKAJ, Tax Withholding, Relief at Source & Reclaims (CA Tax), with a secondary code of FSACAHAK, Tax Withholding, Reclaims & Relief-at-Source (Custody). Its NAICS code is 541213 and its SIC code is 8880.