Blue dot

Automated VAT Recovery and Governance

Fintech & Insurtech
Private

Company Overview

Snapshot

Founded in November 2012 by Isaac Saft and Noam Guzman, Blue dot operates with 201–500 employees. The company has raised $95 million across 4 funding rounds from 6 investors. In April 2021, Blue dot secured $32 million in funding to accelerate its growth.

Business overview

Blue dot develops a technology-based financial platform designed for automated VAT recovery and governance. The company's platform utilizes artificial intelligence to scrutinize millions of employee-driven market transactions, identifying those with tax implications. It serves various industries by providing solutions in financial operations software, personal finance management, and legal services, operating within the Fintech & Insurtech and Business Software sectors.

Strategic signal

In December 2022, Blue dot formed a strategic alliance with KPMG Germany to jointly offer technology for taxable employee benefits. This partnership signals Blue dot's continued expansion into key European markets and its commitment to integrating its AI-powered tax compliance solutions with established professional services firms, enhancing its market reach and validation within the enterprise sector.

Company Intelligence Q&A

What is Blue dot's core business?
Blue dot provides an automated VAT recovery and governance platform that uses AI to analyze employee-driven transactions for tax implications, serving the Fintech & Insurtech sector.
When was Blue dot founded and by whom?
Blue dot was founded in November 2012 by Isaac Saft and Noam Guzman.
What was a significant funding event for Blue dot?
In April 2021, Blue dot secured $32 million in funding to accelerate growth, with participation from investors including Ibex Investors.
What strategic partnership did Blue dot announce recently?
In December 2022, Blue dot and KPMG Germany formed a strategic alliance to jointly offer technology for taxable employee benefits.
What was an earlier funding round for Blue dot?
In February 2017, Blue dot (then VATBox) received funding from investors including Target Global.

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