Fonoa Raises $110M, Acquires PwC’s Indirect Tax Edge

Fonoa announced a $110M funding round and acquired PwC’s Indirect Tax Edge software.
The company argues that indirect tax has outgrown point solutions, with global compliance now requiring real-time, cross-border, transaction-level infrastructure.
It says most tax issues stem from fragmented data and manual reconciliation across disconnected systems.
Fonoa positions its platform as a single global data layer covering tax ID validation, tax determination, e-invoicing, and returns.
The funding is intended to accelerate the platform and its autonomous intelligence capabilities.

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.