Yonda Tax, the global tax automation platform helping businesses stay compliant across borders, today announces its first institutional funding round, bringing total investment to £11 million. The round was led by Kennet Partners, with participation from NYO Capital and Portfolio Ventures. The funding will be used to enhance platform features and functionality, and to support its expansion into new industries and tax jurisdictions.
As businesses scale beyond their home markets, managing indirect taxes such as VAT, GST, and Sales Tax becomes one of their most complex and time-consuming operational challenges. Every jurisdiction has its own filing requirements and deadlines, which often change with little notice. In addition, tax authorities worldwide are intensifying their scrutiny of cross-border compliance, which is why Yonda Tax automates global tax compliance from start to finish, ensuring businesses remain fully compliant as they expand across borders.
Yonda Tax has grown over 100% YoY, and headcount has more than doubled over the past 12 months as it expands globally, highlighting strong market demand for accurate, personalised tax support for growth businesses. Around 60% of clients are based in the US, with growing customer bases in the UK, Australia, Canada, and Singapore. The platform serves a wide range of clients, from eCommerce brands selling through Shopify and other platforms, to high-growth SaaS and AI companies.
Yonda Tax also differentiates itself through its subscription-based pricing model. Unlike many competitors who charge variable fees based on transaction volume or require annual contracts that scale with company growth, Yonda offers a fixed monthly fee based on the number of regions a client files in. This approach provides businesses with predictable, transparent costs so they can focus on scaling their business.
