Way2Vat

Company Overview

Snapshot

Founded in February 2016 by Amos Simantov and Aviv Barshaf, Way2Vat operates with 11–50 employees. The company has raised a total of $11.62 million across 7 funding rounds from 8 investors. Way2Vat became publicly listed on the ASX in September 2021.

Business overview

Way2Vat provides financial instruments powered by its patented AI technology, serving both enterprise and SMB markets globally. The company offers a Spend Card for corporate expense management, which integrates documentation collection with ERP systems. Additionally, it provides a fully automated, end-to-end VAT reclamation solution designed to streamline local and foreign VAT recovery processes. Way2Vat operates within the Fintech & Insurtech sector, focusing on financial operations software and personal finance management.

Strategic signal

In November 2025, Way2VAT acquired UK-based RBCVAT Limited for A$4 million and secured an A$3 million placement. This strategic acquisition expands Way2VAT's market presence and enhances its VAT reclaim capabilities, signaling a clear growth trajectory and a commitment to consolidating its position in the global VAT recovery market.

Company Intelligence Q&A

When did Way2Vat go public?

Way2Vat completed its Initial Public Offering (IPO) on the ASX in September 2021.

What was a significant acquisition made by Way2Vat?

In November 2025, Way2Vat acquired RBCVAT Limited for A$4 million, a UK-based company specializing in VAT services.

Has Way2Vat secured any recent funding?

In December 2022, Way2Vat secured a PIPE funding round with participation from investors including iAngels and Moneta VC.

What is Way2Vat's core technology?

In June 2023, Way2Vat earned a patent for its AI-driven VAT reclaim system, highlighting its focus on artificial intelligence and machine learning for financial operations.

When did Way2Vat acquire DevoluIVA?

In July 2022, Way2Vat announced its plan to acquire DevoluIVA, a move aimed at expanding its service offerings.