The Loop - AccountantsOctober 03, 202600:04:20

Limetax raises €36m to buy German accounting firms and build on DATEV

Limetax has raised €36m to bring German accounting firms onto an AI platform built on top of DATEV, and it is buying firms to do it.

John Toon explains DATEV: a cooperative that has run German accounting for decades, from the ledger to practice management and IT. Building on top of it, rather than trying to replace it, is what makes the Limetax approach clever.

Ryan Pearcy knew DATEV mainly as the finance system every German subsidiary insists on, and the one that pushes compliance costs up. His bigger point is the model. A tech company buying firms and changing how they work is coming to the UK, backed by private equity and a new way of running a practice. What if they just buy the firm?

From episode 6.39 of Digi-Tools in Accrual World, with Indi Tatla, John Toon and Ryan Pearcy.

Digi-Tools in Accrual World is The Loop's weekly accounting tech podcast, hosted by Ryan Pearcy, John Toon, Indi Tatla, Eriona Bajrakurtaj and Ian Gregory.

Full episodes: https://digitoolsinaccrual.world
Newsletter and live sessions: https://www.linkedin.com/company/thedigitaldisruptors/
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