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 $11.62M across 7 funding rounds from 8 investors. In September 2021, Way2Vat completed its Initial Public Offering on the ASX.

Business overview

Way2Vat provides financial instruments leveraging its patented AI technology for both enterprise and SMB markets globally. The company's core offerings include a Spend Card for managing corporate spending and collecting documentation, which integrates with ERP systems, and a fully automated, end-to-end solution for simplifying local and foreign VAT recovery. 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 strengthens its position in the VAT reclaim sector, indicating a clear growth trajectory and investor confidence in its expansion strategy.

Company Intelligence Q&A

When did Way2Vat go public?

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

What was Way2Vat's most recent acquisition?

In November 2025, Way2Vat acquired UK-based RBCVAT Limited for A$4 million, alongside securing an A$3 million placement.

Has Way2Vat secured any patents recently?

In June 2023, Way2Vat earned a patent for its AI-driven VAT reclaim system.

Which investors participated in Way2Vat's December 2022 funding round?

In December 2022, Way2Vat secured an A$1.1 million placement from investors iAngels and Moneta VC to accelerate growth opportunities for its expanding product suite.

What was Way2Vat's financial performance in 2024?

For the full year 2024, Way2Vat reported a loss of US$0.004 per share, an improvement from a US$0.009 loss in FY 2023.