Way2VAT (ASX: $W2V) raises A$5.25m via Placement and SPP

Way2VAT (ASX: $W2V) has announced the raising of approximately A$5.25m through Placement and SPP. The company aims to utilize the funds to expedite recent company initiatives and accelerate the pathway to profitability.

Executive commentary on growth strategy and equity raising

The company's growth strategy focuses on leveraging its IP protected AI technology to address the global market of unclaimed VAT/GST valued at $20 billion per year. With the recent equity raising, Way2VAT is well-positioned to meet unmet market needs with new AI compliance technology and target existing clients and a strong pipeline in the UK and Europe. The company also sees growth opportunities via acquisitions, particularly in Europe, where it believes consolidation of the sector is inevitable due to competitors' outdated technology and manual processes.

Summary of Way2VAT's equity raising and growth strategy

Way2VAT (ASX: $W2V) has successfully raised approximately A$5.25m through Placement and SPP, aiming to accelerate recent company initiatives and expedite the pathway to profitability. The company's growth strategy revolves around leveraging its IP protected AI technology to address the global market of unclaimed VAT/GST valued at $20 billion per year. With a focus on new AI compliance technology and growth opportunities via acquisitions, Way2VAT is poised to strengthen its position as an automated VAT/GST recovery solution provider, targeting the UK, Europe, and beyond.