Way2VAT, a leader in automatic VAT/GST reclaim solutions, commences trading on the ASX following over-subscribed IPO raise

• Way2VAT’s patented leading artificial intelligence technology provides enterprises and
SMEs with a fully-automated, end-to-end VAT reclaim platform across 40 countries in
20 languages
• The $7 million initial public offering was oversubscribed with strong support from
institutional and cornerstone investors
• Highly scalable technology with over 80% gross profit margins for the financial year
ended 31 December 2020 and half-year ended 30 June 2021
• Over 150 enterprise customers including EY, Siemens, Mastercard and Footlocker
• Strong revenue growth with CY2020 up 153% year-on-year and H1 CY2021 up 74%
compared to the prior corresponding period, despite the pandemic
• Integrated with global expense management and accounting software providers
including Xero and Sage enabling Way2VAT to scale into the untapped SME market
• Positioned to leverage the return to global travel, funds will be used for sales and
marketing, research and development, compliance and security and customer support
• Way2VAT commences trading on the ASX under the ticker W2V

Source: way2vat.com

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