Tax Star closes $1.75 million Seed round to expand across GCC
UAE-based taxtech startup Tax Star has raised $1.75 million in a Seed round, primarily backed by angel investors. Founded in 2023 by Rayhan Aleem and Haris Tasawar, Tax Star provides an AI-powered corporate tax and compliance platform and is a pre-approved Accredited Service Provider (ASP) for the UAE's upcoming e-invoicing system. The funding will be used to expand go-to-market activities,…
UAE-based taxtech startup Tax Star has successfully raised $1.75 million in a Seed round of funding, primarily led by angel investors. Established in 2023 by Rayhan Aleem and Haris Tasawar, Tax Star offers an AI-driven corporate tax and compliance platform. The company has been granted pre-approval as an Accredited Service Provider (ASP) for the UAE's upcoming e-invoicing system.
The funding will be utilized to expand marketing efforts, enhance the platform, and assist businesses in adhering to the UAE's e-invoicing requirements. This investment round validates Tax Star's technical readiness and positions the company to capitalize on the growing demand for e-invoicing compliance as businesses in the UAE transition to the new framework. The company's expansion plans include a regional reach across the GCC and Europe.
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