Fisdom forays into tax solutions with acquisition of Tax2win

By Edil Corneille

Fisdom, an Indian WealthTech company has acquired Jaipur0-based online income tax return filing platform, Tax2win.in, for an undisclosed amount. This move marks Fisdom’s entry into the tax solutions segment as part of the company’s plan to offer a complete suite of financial services for its customers and partners.

Tax2win enables customers to plan and file income tax returns in a hassle-free manner and is dedicated to its mission of educating customers about taxes. The company offers tax filing and post-filing services for individuals as well as small businesses. It enables the users to file taxes within 5 minutes for free, using its Do-It-Yourself platform.

Fisdom has been backed by investors such as PayU, Quona Capital and Saama Capital. The company operates in a unique partnership model and has partnered with Karnataka Bank, City Union Bank, Indian bank, Oriental Bank of Commerce, Bajaj Finserv, and Google Pay, among others.

Subramanya SV, Co-Founder & CEO, Fisdom said, “The acquisition of Tax2win further enhances Fisdom’s position as a leading wealth tech company in India and is in is in line with the company’s strategic goal to offer a complete suite of financial services for its customers and partners. Topic of tax is perceived as a complicated subject by customers at large and there is a significant awareness gap. We welcome Tax2win’s team and clients on-board a new and exciting journey with us. The company has a strong management team led by experienced and passionate founders. We look forward to build on Tax2win’s foundation and marquee partnerships.”

Abhishek Soni, Co-Founder & CEO, Tax2win said, “We are very happy to join Fisdom in the mission to provide holistic financial services to our customers across investments, insurance, savings and advisory services. We are also looking to bring out innovative tax solutions to our customers in the coming months and years related to tax savings, tax saving investments, choosing the best tax regime etc.”

Post the acquisition, Tax2win will continue to operate independently. Both the companies will work together to provide a holistic experience to their respective customers and partners incorporating each other’s product portfolio.