Hamburg-Based DivTax Raises €1 Million To Simplify Foreign Dividend Tax Reclaims

Investors include Angel Invest, CapCircle, Superangels, ING COO Ralph Müller, and Max Linden, alongside additional financial-sector angels such as Christian Stiebner and Matthias Goegele. Müller and Stiebner previously participated in DivTax’s 2024 angel round.

Founded in 2023 by Oldag, Linus Holzer, and Julius Holzer, DivTax aims to help investors recover foreign withholding taxes, addressing the common issue of double taxation on international dividends.

The company offers a fully digital solution that processes tax reclaims within minutes, potentially increasing dividend returns by up to 25%.

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DivTax is building what it describes as the first standalone full-service platform for international withholding tax management. Using proprietary technology developed in collaboration with DivTax-Legal (founder Fabian Druschel), the platform aggregates transaction data from brokers, calculates optimisation and reclaim potential across jurisdictions, and manages the full processing workflow for retail and institutional clients.

The company emphasises strict data protection, storing information exclusively on German servers with high encryption standards and not monetising user data.

Currently available to German citizens DivTax launched its B2C platform in early 2025 with integrations into leading fintech and broker platforms. The startup has also secured a key strategic client and received funding support from IFB Innovationsstarter GmbH.

Nicolas Oldag, co-founder of DivTax, mentioned in his LinkedIn post, “During my time at lemon.markets and Deutsche Börse Venture Network, I witnessed first-hand how fintech solutions made capital markets accessible to broad segments of the population and how the equity culture grew stronger and stronger. In the process I realised that while many aspects of equity markets were simplified by technology, the universally unpopular topic of taxes mostly remained in the background. Yet taxes represent one of the most important drivers of shareholder returns.

About DivTax

DivTax is a digital platform enabling stock investors to reclaim overpaid withholding taxes on foreign dividends quickly and securely. As a holistic solution DivTax manages the entire reclaim process online, helping investors increase their dividend income within minutes through a streamlined fully compliant system.