Dublin based tax automation platform raised $60m in Series B funding led by Coatue.
“Typically, e-learning companies have users in nearly every country around the world, so you can see how much resource and effort it would take to work out the laws in each country manually, and it could really hinder their global expansion plans. But with Fonoa, all they have to do is plug in minimal levels of transaction data and our tax engine automatically calculates the correct tax and what kind of tax it is.”