Fonoa raises $60M to automate tax compliance for global companies like Uber and Zoom

Fonoa, a tax automation platform used by companies such as Uber and Zoom, has raised $60 million in a series B round of funding.
Founded out of Dublin, Ireland, in 2019, Fonoa targets digital services companies that operate globally, automating many of the processes involved in managing sales tax, VAT, and goods and service tax (GST) wherever the company sells its wares.
Among Fonoa’s services is tax ID validation, which lets Fonoa’s customers instantly know the tax status of their own users and suppliers so they can apply the right type of tax at checkout. This is important becaus

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