Philippine fintech startup Beppo has secured funding to acquire JuanTax, a tax platform, and five bookkeeping firms. This aims to address the growing demand for bookkeeping services amidst a shortage of accountants.
“We’re well aware of the issues and pain points that small businesses have to go through. With the acquisition of JuanTax and seasoned partner firms, we’re set to redefine the bookkeeping and tax compliance experience for businesses and the self-employed, so they can focus on what’s really important–driving sustainable growth,” said Beppo CEO Jenny Galang.
Beppo uses AI to automate accounting and tax compliance for businesses. The acquisition of JuanTax strengthens Beppo’s position as a one-stop shop for financial management and tax filing.
Beppo’s CEO, Jenny Galang, believes this will redefine the experience for businesses and allow them to focus on growth.
The funding round was led by Wavemaker Partners.
Wavemaker Partners co-founder and general partner Eric Manlunas sees Beppo’s AI solution as a way for businesses to save time and resources.
JuanTax is a leading tax software and the first BIR-accredited tax solution provider in the Philippines. It also allows for seamless tax payment processing.
Beppo’s revenue has surged over 600 percent since December 2023. The acquisition of bookkeeping firms expands Beppo’s customer base and helps address the shortage of accountants.
