Tributi S.A.S

Tributi S. A. S is a Colombian company that provides a digital platform for simplifying tax declarations, making the process accessible and user-friendly for individuals with varying financial situations. Founded in 2017 in Medellin, Colombia, Tributi S.

A. S specializes in the digital facilitation of tax declarations. The company was co-founded by Andrés Vélez and Simón González. In July 2018, Tributi raised USD 0.

8 mn in venture financing from investors including Y Combinator, Graph Ventures, and Foundation Capital. The company has completed a single funding round, successfully raising a total of USD 0. 8 mn. Tributi offers a digital platform designed to simplify the tax declaration process for individuals in Colombia.

Their core product is an app that allows users to prepare and submit their income tax returns step by step, without requiring in-depth knowledge of taxation or accounting. The platform caters to a diverse clientele, including employees, freelancers, retirees, and those with various income sources such as capital gains or foreign incomes. By guiding users through the required steps, Tributi ensures that all necessary deductions and benefits are maximized, thus minimizing the tax burden legally. The service has been made accessible across Colombia, allowing users to manage their tax responsibilities conveniently.

Furthermore, Tributi provides an option for personalized assistance from tax experts, enhancing the user experience for those who prefer a more hands-on approach. Tributi's revenue model is based on a tiered pricing structure for their services, which includes both app-based and expert-supported tax declaration options. Clients can choose a standard plan for a fee of 159,000 COP for non-urgent declarations, while those needing immediate assistance can opt for an express service priced at 439,000 COP, allowing for same-day completion. Additionally, a separate plan for expert assistance starts at 229,000 COP, with express options reaching 539,000 COP.

Through this pricing structure, Tributi generates revenue by facilitating the tax filing process for individuals, ensuring compliance with local regulations while offering a guarantee against errors, thereby fostering trust and reliability within their customer base. The company's services are primarily directed towards individual taxpayers, streamlining their interactions with the tax authorities while providing essential support throughout the declaration process. In July 2018, Tributi raised USD 0. 8 mn to support its future growth initiatives.

The company plans to enhance its product offerings by developing new features aimed at improving user experience on its platform. Additionally, Tributi is looking to expand its services into other Latin American markets, targeting locations such as Peru and Ecuador by the end of 2024. The recent funding will be crucial for these developments, enabling the company to invest in product innovation and market penetration strategies.