Way2Vat Strengths, Domain Expertise, and Key Differentiators
WAY2VAT provides a fully automated end to end VAT/GST reclaim solution. Its patented and revolutionary artificial intelligence technology enable automated VAT/GST report generation, submission and recovery, resulting in simple hassle free VAT/GST reclaims for any busines. WAY2VAT technology has over 97% success rate in vat reclaims.
Way2Vat Recent Developments
In 2021, Way2Vat became a public company, trading on the Australian stock exchange (ASX)
In 2020, Way2Vat released an SME product that allows indirect sales through large technology partners such as Xero and Sage in the UK, giving direct, fast access to the W2V platform worldwide.
Way 2 Vat is seeking to raise at least $12 million through the issue of 60-75 million shares at $0.20 each. The company is aiming to make its ASX debut by the end of 2020.
Way2Vat Mergers and Acquisitions (M&A) Activities
Following $1.5 million in seed funding in 2016, Way2Vat raised an additional $3.5 million in Series A funding in 2017. The funding rounds were led by several investors; Da Vinci Capital, iAngels, Poalim Ventures Capital, Standard Bank, and Moneta Seeds.
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 Overview
Ownership: - ASX: W2V, Da Vinci Capital, iAngels, Poalim Ventures Capital, Standard Bank, and Moneta Seeds.
Number of Employees: 50
Functional Markets: ERP Financial,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Way2Vat Key Enterprise and Cloud Applications
Way2Vat VAT Platform
Way2Vat Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Way2Vat Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Way2Vat Enterprise Applications Revenues By Functional Markets, $M:
Way2Vat Enterprise Applications Revenues By Verticals, $M:
Way2Vat Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Way2Vat Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
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
Over the past year, Way 2 Vat’s clientele has grown from 72 in the second half of 2018 to 122 clients in the second half of 2019. From 2019, WAY2VAT has grown to a team of over 50 employees serving over 150 clients.
Way2Vat Market Opportunities, M&A and Geo Expansions
Way2Vat is strongly positioned to capture value from the global VAT reclaim industry and implement its growth strategy and achieve its objectives. Way2Vat is expanding its geographical reach in the enterprise market by growing its sales through its European hub in the United Kingdom and targeting new clients with multi-million dollar annual revenue or at least 3000 employees and with substantial travel expenditure (which may result in foreign and/or local VAT reclaims).
Way2Vat Risks and Challenges
Almost none of the ASX’s 2020 listings have been left unscathed by the market panic brought on by the COVID-19 pandemic. The market uncertainty has already claimed its first scalp with technology player Way 2 Vat Ltd withdrawing its $15m IPO.
Way2Vat Ecosystem, Partners, Resellers and SI
The company first launched its platform in Israel in 2016 and has since expanded into Europe and Australia. It has also entered into various arrangements to integrate the platform with third party expense management systems and accounting software vendors such as: XERO, ADJ Business Solutions, Nordens, Raedan and others.
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:
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