Marosa Secures Significant Investment for Growth
Marosa 2024 S.L. has officially announced a €12 million investment from Aquiline, a private investment firm focused on financial services and technology. This partnership marks a pivotal moment for Marosa as it enters its first phase of external capital raising to expand its innovative VAT compliance technology and services.
Expansion of VAT Compliance Solutions
Established in 2016 by Pedro Pestana da Silva, Marosa provides essential VAT compliance technology, customized for the needs of multinational corporations. With an extensive customer base comprising over 1,200 enterprises and eCommerce clients, Marosa's flagship product, VATify, serves as a comprehensive cloud-based solution that facilitates e-invoicing, VAT registration, and reporting management.
Meeting Regulatory Demands
The funding received from Aquiline will enable Marosa to expedite the development of its solutions and enhance its go-to-market strategy, all while tapping into the significant momentum of market demands for digital VAT compliance across various regions. Recent regulatory changes mandating e-invoicing and real-time reporting across numerous jurisdictions highlight the urgent need for effective compliance solutions.
Leadership Insights
Pedro Pestana da Silva, Founder and CEO of Marosa, expressed his enthusiasm about the investment: "I am delighted to welcome Aquiline as our initial external investor. We have cultivated a robust relationship with their team, who genuinely comprehend our vision and technology. This investment positions us to amplify our research and development efforts, enrich our product suite, and expand our influence within an increasingly intricate marketplace."
Giovanni Nani, Principal at Aquiline, also shared his perspective, stating: "Since our first discussion, we have admired the services and innovations Marosa provides in response to regulatory complexities. Our firm has a strong history of supporting entrepreneurs in financial services and tech. We look forward to being part of Marosa’s growth journey towards becoming a leading VAT compliance provider across Europe."
About Marosa and Its Services
Headquartered in Vigo, Spain, Marosa caters to enterprise-level clients across Europe with its fully integrated VAT compliance and e-invoicing solutions. The VATify software not only streamlines processes for VAT registration and reporting but also enhances communication with tax authorities, ensuring businesses remain compliant with changing regulations.
Aquiline’s Role in Financial Technology
Aquiline Capital Partners LP, headquartered in major financial hubs, specializes in investing within the financial services and technology sectors. With roughly $11.3 billion under management as of a recent reporting period, Aquiline has made significant capital deployments across private equity, venture, and credit strategies, demonstrating its commitment to fostering growth in innovative companies like Marosa.
This partnership is not only a testament to Marosa's robust business model but also highlights the growing importance of reliable technology solutions in managing VAT and e-invoicing processes effectively.
Frequently Asked Questions
What is the significance of the €12 million investment?
The investment will help Marosa accelerate its growth strategies, advance product development, and broaden its compliance software and e-invoicing services globally.
Who are the key stakeholders at Marosa?
Pedro Pestana da Silva, the Founder and CEO, leads the company, while Giovanni Nani from Aquiline represents the investment firm.
What does VATify offer?
VATify provides a complete VAT compliance solution that includes e-invoicing, VAT registration, and real-time reporting capabilities.
What markets does Marosa serve?
Marosa primarily serves large multinational clients across Europe, addressing their VAT compliance needs.
What trend is influencing Marosa's growth?
The growing regulatory requirements for e-invoicing and compliance across European jurisdictions are driving the demand for Marosa's services.
