Way2Vat Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Way2Vat Strengths, Domain Expertise, and Key Differentiators

Way2Vat differentiates itself through its key strengths, including domain expertise, a comprehensive product portfolio, and advanced AI/ML features. With its fully automated end-to-end VAT/GST reclaim solution, Way2Vat revolutionizes the process of generating, submitting, and recovering VAT/GST reports. The company's patented artificial intelligence technology boasts an impressive success rate of over 97% in VAT reclaims, providing customers with a simple and hassle-free experience.

Way2Vat Recent Developments

In 2021, Way2Vat successfully went public, listing on the Australian stock exchange (ASX). This milestone showcases the company's growth and highlights investor confidence in its potential. Furthermore, Way2Vat's revenue growth has been impressive, with a steady increase in clientele from 72 in the second half of 2018 to 122 clients in the second half of 2019.

Way2Vat Mergers and Acquisitions (M&A) Activities

Way2Vat has received significant investments to fuel its expansion and innovation. The company secured $1.5 million in seed funding in 2016, followed by a Series A funding round of $3.5 million in 2017. Key investors include Da Vinci Capital, iAngels, Poalim Ventures Capital, Standard Bank, and Moneta Seeds. These investments have enabled Way2Vat to enhance its product offerings and expand its market reach.

Way2Vat Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Way2Vat applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Way2Vat and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Way2Vat VAT Platform customers.

Way2Vat Key Enterprise and Cloud Applications

Way2Vat VAT Platform

Way2Vat Revenues, $M:

Way2Vat Revenue Breakdown By Type, $M:

Way2Vat Enterprise Applications Revenues By Functional Markets, $M:

Way2Vat Enterprise Applications Revenues By Verticals, $M:

Way2Vat Revenues By Region, $M

Way2Vat Direct vs Indirect sales

Way2Vat Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Way2Vat Customers

No. of Way2Vat Customers: 900

No. of Way2Vat Enterprise Applications Customers: 900

No. of Way2Vat Cloud Customers: 900

No. of Way2Vat Cloud Subscribers: x

Way2Vat's customer base has experienced steady growth, reflecting the value it delivers to businesses. Currently serving over 150 clients, Way2Vat has successfully expanded its reach beyond its initial operations in Israel. The company has secured reference customer wins, including large technology partners like Xero and Sage in the UK, enabling fast access to its platform worldwide. The customer breakdown by region demonstrates Way2Vat's ability to cater to diverse markets.

Way2Vat Market Opportunities, M&A and Geo Expansions

Way2Vat is well-positioned to capitalize on both horizontal and vertical market opportunities. With its cutting-edge technology and proven success rate, the company can expand its presence in the global VAT reclaim industry. Additionally, Way2Vat aims to target new clients in the enterprise market, particularly those with significant travel expenditure and multi-million-dollar annual revenue. Geographically, Way2Vat's focus on growing sales through its European hub in the UK opens doors to lucrative opportunities in this region.

Way2Vat Risks and Challenges

Like any company operating in a dynamic market, Way2Vat faces various risks. Internal challenges include scaling operations efficiently to meet growing demand and ensuring the continuous improvement of its AI capabilities. External risks such as regulatory changes, competitive pressures, and economic fluctuations could impact Way2Vat's growth trajectory. Additionally, navigating the go-to-market challenges associated with expanding into new regions requires careful planning and execution.

Way2Vat Ecosystem, Partners, Resellers and SI

The company has integrated its platform with third-party expense management systems and accounting software vendors like Xero, ADJ Business Solutions, Nordens, and Raedan, further streamlining the VAT reclaim process for its customers.

Way2Vat Cloud Infrastructure Insights

Subscribe to read more about:

• Way2Vat Public Cloud and Infrastructure (IaaS)
• Way2Vat Platform (PaaS)
• Way2Vat Application Delivery
• Way2Vat Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: