# Tributei

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tributei

- Industry: Software
- Headquarters: Brazil
- Website: www.tributei.net
- Total disclosed funding: $0.2M
- Latest round: Seed (Oct 21, 2022)
- Investors on record: 2

## About

Tributei is a Brazilian software company focused on enhancing tax compliance processes for businesses, offering automation solutions for ICMS-ST and DIFAL tax calculations and submissions.Founded in 2017 in Brazil, Tributei specializes in tax compliance software aimed at businesses. The company was co-founded by Jefferson Pinto and Waldir Souza, who has history in leading business ventures. Tributei raised BRL 1 million in Seed funding on October 21, 2022, from Bossa Nova Investimentos and FINEP, bringing the total amount raised to BRL 1 million. The company has completed two deals to date.Tributei offers a comprehensive software solution designed to streamline the tax compliance process for businesses operating in Brazil. Its core offerings include automation of ICMS-ST (Tax on Circulation of Goods and Services - Substitute Tax) and DIFAL (Differential Rate Tax), allowing users to efficiently calculate, generate, and submit tax payment guides. The platform targets a diverse clientele, including wholesalers, retailers, e-commerce businesses, and accounting firms, facilitating accurate tax reporting and compliance across multiple states. Tributei's tools are particularly beneficial for industries with high transaction volumes, as they reduce manual effort and mitigate the risks of tax inaccuracies. The software leverages cloud technology and artificial intelligence to keep product registrations up to date, provide easy access to tax rates, and automate the downloading of invoices, thus enhancing operational efficiency. The company primarily serves the Brazilian market, addressing the unique tax compliance challenges faced by businesses across various sectors.Tributei generates revenue through a subscription-based model, catering primarily to businesses and accounting firms in need of tax automation solutions. Clients engage with the platform by subscribing to different pricing tiers that offer varying levels of features and services tailored to their specific compliance needs. These subscriptions may include access to premium tools for simulating ICMS-ST and DIFAL, monitoring tax obligations, and managing invoice downloads. The transactional structure involves B2B interactions, where businesses rely on Tributei's software to optimize their tax processes, ultimately reducing time and costs associated with manual compliance efforts. As users save significant time and resources, the model is designed to create value for clients while ensuring adherence to complex tax regulations in Brazil.In October 2022, Tributei raised BRL 1 million in Seed funding from new investors Bossa Nova Investimentos and FINEP. The company plans to utilize this funding to hire additional personnel and further develop its product offerings. Tributei is focusing on expanding its market presence within Brazil, particularly among sectors facing complex tax compliance challenges. Upcoming initiatives include the launch of new product features designed to enhance user experience and compliance efficiency.

## Funding rounds

- Seed, Oct 21, 2022, $0.2M — Finep, Bossa Nova Investimentos

## Investors

- Finep — Seed
- Bossa Nova Investimentos (https://capitalatlas.ai/funds/bossa-nova-investimentos) — Seed