{"id":725,"date":"2026-04-11T00:52:22","date_gmt":"2026-04-11T00:52:22","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/725\/"},"modified":"2026-04-11T00:52:22","modified_gmt":"2026-04-11T00:52:22","slug":"bbva-spark-completes-e4-million-financing-deal-with-taxdown-to-boost-its-growth-and-strengthen-its-ai-powered-solutions","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/725\/","title":{"rendered":"BBVA Spark Completes \u20ac4 Million Financing Deal with TaxDown to Boost its Growth and Strengthen its AI-Powered Solutions"},"content":{"rendered":"

Founded in 2019 by Enrique Garc\u00eda, \u00c1lvaro Falcones and Joaqu\u00edn Fern\u00e1ndez, TaxDown is a fintech specialized in digital taxation that combines its in-house technology with artificial intelligence<\/a> and expert advice to help individuals plan, optimize and file their taxes simply and securely. TaxDown has over four million users and more than 500 companies have used their services as a technological partner. The company operates in Spain and Mexico, where it has established itself as one of the leading platforms in its segment.<\/p>\n

\u201cHaving BBVA Spark as a financial partner means a great deal to us. This financing will enable us to continue investing in artificial intelligence, improving our product and simplifying the financial lives of millions of people. We want managing taxes to stop being complicated and become an automated, transparent and accessible experience,\u201d said Enrique Garc\u00eda, CEO and co-founder of TaxDown.<\/p>\n

In 2025, TaxDown\u2019s year-over-year growth in income from sales surpassed 100 percent, reaching profitability and establishing the company as one of the most efficient tech scale-ups in the European fintech sector. Furthermore, artificial intelligence is at the heart of TaxDown\u2019s business model, enabling it to automate processes, personalize tax advice and multiply the efficiency of human experts. Through its platform, users can file their tax returns, identify applicable deductions, receive personalized advice, manage additional fiscal procedures and consult with experts on any questions.<\/p>\n

\u201cAt BBVA Spark, we invest in companies that not only digitize traditional sectors, they redefine them. We met TaxDown at 4YFN and since then, we have closely followed their progress. They are changing the way millions of people handle their taxes, combining artificial intelligence, operational efficiency and a radically user-centric experience. With this financing, we are fostering a new stage of growth to consolidate their leadership in Europe and Latin America,\u201d said Miguel \u00c1ngel Alcal\u00e1, Head of BBVA Spark in Europe.<\/p>\n

Beyond this financing transaction, BBVA and TaxDown have a long-standing relationship. Thanks to this collaboration, BBVA customers\u00a0 have been able to file their tax returns through bank channels since 2023. In partnership with TaxDown, the ability to open an account using Cl@ve PIN was also introduced, halving the time needed to complete the process.<\/p>\n

BBVA Spark, financing for high growth startups and tech companies<\/p>\n

BBVA Spark is the bank for high growth innovative companies and venture capital funds. BBVA Spark enables all its clients to cover their financing needs in a single place \u2013 from basic products, such as collections\/payments, payroll and cards, to structured financing products, such as venture debt and asset-backed lending, adapted to companies that are more advanced in their development or that already have venture capital investors on their cap table.<\/p>\n

Since its launch in 2019, TaxDown has positioned itself as a leader in digital taxation. It has become the platform that processes the most personal tax returns in Spain, surpassing any other private tool or traditional advisory service. With an active presence in Spain and Mexico, the company has managed over \u20ac1.5 billion in taxes. In addition, it is an official partner of the Spanish Tax Agency and a member of the Asociaci\u00f3n Espa\u00f1ola de Asesores Fiscales (Spanish Association of Tax Advisors, AEDAF<\/a>). One out of every four customers who used TaxDown in 2024 saved an average of \u20ac300 on their tax return.<\/p>\n","protected":false},"excerpt":{"rendered":"Founded in 2019 by Enrique Garc\u00eda, \u00c1lvaro Falcones and Joaqu\u00edn Fern\u00e1ndez, TaxDown is a fintech specialized in digital…\n","protected":false},"author":2,"featured_media":726,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[148],"class_list":{"0":"post-725","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bbva","8":"tag-bbva"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=725"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/726"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}