ExpressGroup, a Hamburg, Germany-based fintech company, raised €25m in Series A funding.
Insight Partners and Project A Ventures led the round.
The company intends use the funds to expand internationally and launch aligned products within more fintech verticals.
ExpressGroup, founded in 2019 by Maximilian Lambsdorff and Dennis Konrad, Konstantin Loebner and Mehdi Afridi, offers fintech products for both the middle and working classes, beginning with taxes. Its first product, “ExpressSteuer,” uses an AI-powered backend system that allows platform partners such as accounting firms, tax consultants, and lawyers to process tax cases in a few minutes. Combining machine learning and automation, the system makes processing income tax returns faster, easier, and more precise.
According to a written note, the product was well received by the target audience allowing the company to grow to over €45 million GMV run-rate in under 12 months.