Fonoa Raised Series A
Summary
Today, automation options are limited and manual processes remain the norm - forcing companies with cross-border transactions to rely on costly and complex solutions to manage their international tax footprint. This is done by providing a simple API solution that integrates into the workflow of our customers to help handle the full chain of tax reporting. By removing manual work through automation for businesses in the internet economy, we are enabling companies such as Lime, GoStudent, Teachable, Uber and Zoom to expand their global offerings and stay tax compliant. We were founded by three Uber alumni - Davor Tremac, Filip Sturman, Ivan Ivankovic - who experienced first hand how difficult it is to correctly calculate and report taxes to authorities throughout the world. Though Fonoa is headquartered in Dublin, we have a remote-first approach to business with a distributed team across 14 countries and plans to hire more staff across the US, Europe, Asia and Latin America in the coming months.