20 bagger., page-451

Established in 2014, the company isheadquartered in Tel Aviv with offices in the UK, US and Romania and has over55 employees.

Fundamentals : 10M MC, not profitable, revenue - less than what a coffee shop makes every year
Product Lines: There are three types of expenses that the W2Vplatform deals with. The first two are travel expenses – both foreign and localtravel. The third type of expense it deals with is accounts payable – thoselarge invoices a company must pay in various countries.

In 2018, Way2VAT was granted the first ever patentin the US for its automated invoice analysis (AIA) technology.

In Aug 2022 Way2VAT acquiresSpain’s pioneer in digitised corporate expense and VAT recovery platform and launch world’sfirst Smart Spend Debit Mastercard

complementary product suite to theexisting DevoluIVA platform

In May W2V announced in April thatcornerstone investor Thorney Investment Group, thhad become a major contributorto its latest $3.54 million capital raise.

In June/July 2023. Way2VATgranted patent for unique Image-2-Line solution fully automating VAT reclaimsubmissions based on W2V AI Technology
Barrier to growth: Human Capital and the intention of the CEO, high initial cosat of deploying it, shortage of expertise, buy in from the mgmt, displacement and the list goes on