PH fintech startup Beppo is strengthening services through tax and accounting acquisitions

Philippine fintech startup Beppo has secured funding to acquire tax platform JuanTax and five accounting firms. This is intended to meet the growing demand for accounting services amid a shortage of accountants.

“We are well aware of the problems and pain points that small businesses have to go through. With the acquisition of JuanTax and experienced partner companies, we are poised to redefine the accounting and tax compliance experience for businesses and self-employed individuals so they can focus on what really matters – driving sustainable growth,” said Jenny Galang, CEO of Beppo .

Beppo uses artificial intelligence 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 CEO Jenny Galang believes this will redefine the enterprise experience and allow them to focus on growth.

The financing round was led by Wavemaker Partners.

Wavemaker Partners co-founder and general partner Eric Manlunas sees Beppo’s AI solution as a way for companies to save time and resources.

JuanTax is a leading tax software and the first BIR-accredited tax solutions provider in the Philippines. It also enables hassle-free processing of tax payments.

Beppo’s revenue has increased by more than 600 percent since December 2023. The acquisition of accounting firms expands Beppo’s client base and helps address the accounting shortage.