YPOG advises Project A Ventures on €25 million financing round of ExpressGroup

Berlin – A YPOG Team led by Frederik Gärtner comprehensively advised venture capital investor Project A Ventures on the latest financing round of the Hamburg-based FinTech ExpressGroup. The funding has a total volume of €25 million and was led by Project A Ventures and Insight Partners.

Using an AI-powered backend system, ExpressGroup enables platform providers such as accounting companies, tax advisors and lawyers to process tax files in minutes. The system uses machine learning and automation features combined with manual labour to deliver simpler, faster and more accurate income tax return processing. The first product, ExpressSteuer, gives users the ability to transmit required tax return data within 10 minutes and, on the other hand, provides process intelligence and automatization to tax professionals. Within less than 12 months, they have thus grown to a total receivables volume of €45 million.

Building on its promising growth in Germany, ExpressGroup now focuses on the larger EU tax market. The fresh money will be used to expand the company internationally and to launch further products in additional FinTech areas.

Advisors Project A Ventures:

Dr. Frederik Gärtner (Lead, Corporate/Transactions), Partner
Tobias Lovett (Corporate/Transactions), Senior Associate
Matthias Kresser (Finance), Associated Partner
Dr. Benedikt Flöter (IP/IT), Associated Partner
Anna Eickmeier (Data Protection), Senior Associate
Dr. Niklas Ulrich (Regulatory), Associate
Stefan Richter (Tax), Partner
Lukas Schmitt (Tax), Associate

About Project A Ventures 

Project A is one of the leading venture capital companies in Europe with offices in Berlin and London. In addition to $600 million in assets under management, Project A supports its portfolio companies with a team of over 100 in-house experts in themes such as software and product development, business intelligence, brand, design, marketing, sales and recruiting. Project A was founded in 2012 and since then has backed more than 100 startups. The portfolio includes companies such as Trade Republic, WorldRemit, sennder, KRY, Spryker, Catawiki and Voi.

About ExpressGroup 

ExpressGroup wants to reimagine fintech products for the working class and middle class, starting with taxes. The mission is that everyone can reclaim the overpaid taxes from the tax office — regardless of income, language barriers or knowledge of the tax system. The company was founded in 2019 by Maximilian Lambsdorff, Dennis Konrad, Konstantin Loebner, Mehdi Afridi and Andreas Santoro. ExpressGroup’s first product “ExpressSteuer'' has been live in the market since 2021 and has helped thousands of customers who have never handed in their tax return before, do it in a couple of minutes. 

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