Fonoa

Indirect Tax Operating System for Global Businesses.

Founded 2019

Croatia (hrvatska) 271 employees Series C Total: $195.00M API, Financial Services +2

General Information

Company Name Fonoa

Founded Year 2019

Location

Croatia (hrvatska)

Employees 271

Industries API, Financial Services, Fintech +1

Funding Stage Series C

Business Model B2B, SaaS, API

Revenue Model Subscription, Usage Based, Service Fee

Hiring 11 roles posted in the month to 18 Sep 2026

Offices as of Sep 2026

Zagreb, Croatia (hrvatska) Dublin, Ireland London, United Kingdom San Francisco, United States

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Recorded by Bounce Watch from public sources. Every entry below carries the date we observed it, and when we have not looked recently the page says so rather than leaving silence to imply nothing happened.

Homepage Update

Significant changes detected on company website (65.3% content change).

Major Customer Win Sep 17, 2026

Fonoa announced that Airwallex chose them to power their e-invoicing compliance, enabling Airwallex's customers in France to operate seamlessly.

Regulatory Approval Sep 17, 2026

Fonoa has become an Accredited Service Provider for Oman's e-invoicing mandate, listed on the Fawtara Portal.

Key Hire Sep 16, 2026

Fonoa announced that Jonny Orton has joined the company as its Chief Revenue Officer to help scale its go-to-market organization.

Actively Hiring Sep 15, 2026

Hiring for 11 positions in the last 30 days.

Event Participation Sep 10, 2026

Fonoa wrapped up a couple of days sponsoring TBM Group's 10th Annual Strategic Indirect Tax Summit, where they showcased their AI solutions.

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AI Insight

Bounce Watch AI

2 weeks ago

Fonoa is demonstrating strong strategic momentum, evidenced by the key hire of a Chief Revenue Officer and a significant customer win with Airwallex for e-invoicing compliance in France. These developments signal an aggressive push for market expansion and revenue growth, building upon its recent Series C funding. Coupled with active recruitment and a substantial website update, the company is clearly scaling its go-to-market operations and solidifying its position in global tax automation.

Signal Types

Hiring Business Product Team

Strategic Labels

Go-to-Market Scaling Market Expansion Revenue Acceleration

Next Move: Expansion

Impact: 9/10

Ideal For: Growth Equity Investors — Global Tax Tech & Enterprise SaaS

About Fonoa

Fonoa, founded in 2019, is positioned as the global solution for indirect tax management, providing an AI-driven Tax Operating System that autonomously manages tax obligations. Their slogan — "Indirect Tax Operating System for Global Businesses" — aptly reflects their mission to streamline tax processes across borders.

Operating in over 120 countries, Fonoa offers modules like tax ID validation, real-time tax determination, e-invoicing, and returns, effectively covering the full indirect tax lifecycle. This scalable, modular approach is designed to enhance each function as new capabilities are integrated, ensuring a robust system where automation drives efficacy and accuracy.

Fonoa is backed by prominent companies including Canva, Netflix, Spotify, Uber, Zoom, and Booking.com. They are also highly rated, with 4.5/5 stars on G2 and 4.6/5 stars on Gartner Peer Insights. In their latest funding round, they secured a $110 million Series C investment from investors such as Index Ventures, Coatue, Dawn Capital, OMERS, Forestay Capital, and Eurazeo.

Taxonomy: Indirect Tax Automation, Tax Operating System, AI Tax Solutions, Tax ID Validation, Real-time Tax Determination, E-invoicing, Tax Returns Management, Audit Trail, Tax Compliance Automation, Digital Reporting, Tax Anomaly Detection, Global Tax Solutions, Modular Tax Infrastructure, Sales Tax Automation, Tax Technology

Services & Products

Tax Engine Automation

E-Invoicing Management

Indirect Tax Calculation

Tax Returns Preparation

Global Tax ID Verification

Target Customers

Digital Economy Businesses Global Enterprises Finance Departments Tax Directors

Funding Rounds & Investors (4)

View All

Funding Stage	Amount	Investors	Lead Investors	Date
Series C	$110.00M	6	Index Ventures, Coatue +4	01 May 2026
Series B	$60.00M	6	Index Ventures, Coatue +4	01 Jul 2022
Series A	$20.50M	9	Index Ventures, FJ Labs +7	01 Nov 2021
Seed	$4.50M	1	Index Ventures	01 Nov 2020

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FAQ About Fonoa

Indirect Tax Operating System for Global Businesses.

Fonoa was founded in 2019.

Fonoa is headquartered in Croatia (hrvatska). As of Sep 2026, it also has offices in Zagreb, Croatia (hrvatska), Dublin, Ireland, London, United Kingdom and San Francisco, United States.

Fonoa operates in API, Financial Services, Fintech and SaaS. Its work centres on Indirect Tax Automation, Tax Operating System, AI Tax Solutions and Tax ID Validation. Its customers include Digital Economy Businesses, Global Enterprises and Finance Departments.

Fonoa has a B2B, SaaS and API business model. Its revenue comes from Subscription, Usage Based and Service Fee.

Fonoa has approximately 271 employees.

Fonoa has completed 4 funding rounds, raising a total of $195.00M. The latest funding stage is Series C.

Fonoa offers: Tax Engine Automation, E-Invoicing Management, Indirect Tax Calculation, Tax Returns Preparation, Global Tax ID Verification.

Top alternatives and competitors to Fonoa include Blue dot, ANNA Money, SNI, RelaxTax Austria, Cryptiony. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

Fonoa and Blue dot are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Fonoa, https://bouncewatch.com/company/fonoa-1, updated 18 September 2026. When citing, please name BounceWatch and link this page.

Fonoa

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Funding Rounds & Investors (4)

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