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Fonoa raises $20.5m in Series A funding

Dublin based startup focused on tax automation for online businesses raised $20.5m in Series A funding led by OMERS Ventures.

“In the digital world, businesses and customers transact on a global scale. Country borders are no longer a limiting factor, and technology drives global trade at an ever-increasing speed,” he said. “Combined with the increased scrutiny by regulators, dealing with tax matters in a more automated and trusted way has become an ever-more pressing issue.”

Tags

tax, banking