"We don't believe mega-rounds are a synonym for success. The BBVA Spark deal is consistent with that philosophy: structured debt, EU-backed leverage, no dilution. The two transactions are structurally different, equity versus debt, but together they paint a picture of a company that has figured out how to finance itself efficiently."
"TaxDown was built around a problem the founders saw clearly: Spanish taxpayers were leaving money on the table every year, either by not filing at all or by missing deductions they were entitled to. Founded in 2019 by García, Álvaro Falcones, and Joaquín Fernández, the platform combines technology to address this inefficiency."
"The Madrid-based tax fintech announced on Thursday that it has secured €4 million in debt financing from BBVA Spark, the Spanish banking giant's dedicated unit for high-growth companies. The facility is backed by the European Union's NextGenerationEU recovery fund and the European Investment Fund, with additional support from Spain through the state compartment of the InvestEU programme."
TaxDown, a Madrid-based tax fintech founded in 2019, has demonstrated strong financial performance by doubling revenue in 2025 and reaching profitability. The company secured €4 million in debt financing from BBVA Spark, backed by the EU's NextGenerationEU recovery fund and the European Investment Fund. This represents the company's second €4 million capital raise in under a year, following an equity round from Bonsai Partners in April 2025. TaxDown's capital strategy prioritizes efficiency over mega-rounds, combining structured debt with equity financing to avoid dilution. The platform addresses a core problem in Spain: taxpayers missing deductions and filing inefficiently. The company's approach demonstrates deliberate capital management aligned with its product development strategy.
Read at TNW | Fintech-Ecommerce
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