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Automation of the accounting processes: Domonda receives € 385,000

Automation of the accounting processes: Domonda receives € 385,000

Datum: 2018-06-28 11:40:05

Success Story

FinTech Startup has developed a software for tax consulting firms that enables efficient cooperation with clients. Routine accounting processes such as document entry, allocation of G/L accounts and tax codes as well as the reading of debtors and creditors are automated. This saves both sides - companies and tax consulting firms - up to 80 percent processing time with documents and creates a financial overview in daily business. The three Business Angels Stefan Kainz (Growth Ninjas), Konrad Kreid (Sportnahrung.at) and Johannes Cech (formerly Geizhals.at) have now joined forces via primeCROWD and acquired a stake in Domonda. Startup has secured € 385,000 via our investor network for further growth. Documents can be processed in 20 percent of the time and the turnover per tax consultancy client is increased through additional services around payment transactions, open item lists and reporting. Domonda's first two clients include the tax consulting firms Ecovis and Steirer, Mika & Comp, which together serve over 4,000 clients. More about the solution at www.domonda.com

Domonda founders & investors: (bottom row, from left to right) Erik Unger, Michael Haller and Stefan Spiegel (top row, from left to right) Jens Wirsching, Johannes Cech, Bern Krczal, Christoph Filnkößl, Stefan Kainz, Stefan Greunz, Wolfgang Kalny, Konrad Kreid | (c) Photo powered by primeCROWD