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Way 2 VAT Ltd is a technology company headquartered in Israel that has developed the W2V Platform, a web application capable of reclaiming many types of Value Added Tax (VAT) (also known as “goods and services tax” in certain jurisdictions) in many verticals, industries and markets, by leveraging on its artificial intelligence technology, to provide the Company’s clients with a seamless VAT and GST reclaim service and experience in multiple jurisdictions.
The Company commenced operations in January 2015 and launched the W2V Platform in 2016, with a pilot launch in Israel. In 2018, W2V commenced sales operations in its main sales hub in London, UK, and has since expanded the W2V Platform offering internationally into Europe and APAC (with more than 150 clients) and has entered into various arrangements to integrate the W2V Platform with third party expense management systems and accounting software vendors.
Following completion of its IPO, the Company will seek to (amongst other matters):
1. expand its geographical reach in the enterprise market by growing its sales through its European hub in the United Kingdom and targeting new clients with:
2. increase its corporate direct sales by establishing additional sales offices in the European and the Asia Pacific regions; and
3. target the Small Medium Businesses (sMB) market, particularly SMBs that employ 10 to 500 employees, and increase the number of clients utilising its SMB solution by partnering with various technology vendors in the areas of accounting/enterprise resource planning, expense management, invoice management and virtual payments.
It is anticipated that W2V will list on the ASX during September 2021.
way2vat.com
The Company commenced operations in January 2015 and launched the W2V Platform in 2016, with a pilot launch in Israel. In 2018, W2V commenced sales operations in its main sales hub in London, UK, and has since expanded the W2V Platform offering internationally into Europe and APAC (with more than 150 clients) and has entered into various arrangements to integrate the W2V Platform with third party expense management systems and accounting software vendors.
Following completion of its IPO, the Company will seek to (amongst other matters):
1. expand its geographical reach in the enterprise market by growing its sales through its European hub in the United Kingdom and targeting new clients with:
(a) at least US$1 billion in annual revenue; or
(b) at least 1000 employees and with substantial travel expenditure (which may result in foreign and/or local VAT and GST reclaim);
2. increase its corporate direct sales by establishing additional sales offices in the European and the Asia Pacific regions; and
3. target the Small Medium Businesses (sMB) market, particularly SMBs that employ 10 to 500 employees, and increase the number of clients utilising its SMB solution by partnering with various technology vendors in the areas of accounting/enterprise resource planning, expense management, invoice management and virtual payments.
It is anticipated that W2V will list on the ASX during September 2021.
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