Fintech Volksbank Awards 60-Million Loan To Tax App Zasta!

Tax app Zasta receives a credit line to finance a new offering: With €60 million, it wants to pay out part of the tax refund immediately in the future. Again, the fintech Volksbank is getting involved. Vereinigte Volksbank, which already finances startups such as Billie, Ratepay, or Mondu, is providing Zasta with the credit line, according to founder Michael Potstada.

With the offer, Zasta enables an immediate tax payout of 75% of the estimated tax refund. With the Berlin startup Taxfix, the value is only 50%, Steuergott advertises up to 80%.

Zasta works for its offer with real tax consultants. On average, the consultation cost per customer or customer is 124 euros, which is deducted from the tax refund. In the background, credit is given to the person. The principle: Who gets the standard amount of €1,051 calculated by Zasta? The Fintech pays out €788 directly, from which the consultant’s cost is again deducted. If the Finazamt also comes to 1,051 euros, the customer receives the remaining 263 euros paid out.

Potstada was able to achieve sales of five million euros last year with its startup, which was on the TV show “Die Höhle der Löwen.” The company is already profitable, it says. With the “tailwind,” the company is planning a new financing round. So far, Rostock-based Fintech has raised around 4.3 million euros. The investor Anyon (VC), business angel Uwe Schimmelschmidt (ex-partner Clifford Chance), and Mittelständische Beteiligungsgesellschaft MV are involved. Damian Rekowski joined the management team as Chief Marketing Officer of Legaltech startup Flightright.


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