[Funding alert] Paris-based Waltio Secures €1.8 Million in Funding

One of the first systems in Europe, Waltio makes it simpler for people to track all of their digital assets, and assists with tax planning, reporting, and calculation.

Read also -  Eindhoven-based CityLegends Secures €1Million in Seed Funding

Waltio, which was founded in 2019 by Pierre Morizot and Benjamin Chevallereau, helps more than 25,000 active users in the French, Belgian, and Spanish markets keep an eye on their accounts and provide statistics on more than 10,000 digital assets.

Pierre Morizot, co-founder and CEO of Waltio, said:”Waltio aims to be the essential software for tracking and tax compliance for European individuals. Its goal is to make cryptocurrency taxation accessible to a wider audience and in compliance with European regulations, ensuring peace of mind for its savers. Thanks to this fundraising, Waltio will diversify its offerings, expand in Europe, and enhance its technology to support its growth, allowing a larger number of individuals to continue diversifying and growing their savings without tax headaches.”

Clément Coeurdeuil, Waltio investor, added: “The complexity of cryptocurrency tax reporting is currently a barrier to the widespread adoption of Web3. Waltio is the essential tool for portfolio tracking and tax compliance to facilitate the use and daily development of this technology by European savers.”

Waltio hopes to establish itself as the pioneer in automated tracking and crypto reporting with this funding, providing a hassle-free way for managing tax responsibilities related to this asset class.

Read also - Madrid-based Cüimo Secures €900k in Funding

With the help of this funding, Waltio will be able to enhance its software for digital asset tax reporting and automated portfolio tracking, fortify its tax compliance offering for governments and exchange platforms, quicken its expansion globally by entering new European countries, and improve its technology by incorporating artificial intelligence to more effectively automate data collection and Web3 data valuation.

About Waltio

Waltio firmly believe that online, tokenized, decentralised finance is the way of the future. Their goal is to help the financial system transition through making it more digital, open, and international in nature.

Read also -  Milan-based Planet Farms Secures $40 Million in Funding

The adoption of Bitcoin and other cryptocurrencies must accelerate, and this requires an enforced regulatory framework. They firmly think their adoption shouldn't be hampered by accounting or tax laws. Therefore, they aim to simplify it for as many individuals as they can.