Infusion to scale as a pre-approved accredited service provider for UAE e-invoicing
Tax Star, the UAE’s first AI-powered corporate tax software platform, announced it has closed a US$ 1.75mn seed funding round.
The raise comes as Tax Star positions itself around one of its most significant regulatory milestones to date, its status as a pre-approved Accredited Service Provider (ASP) for UAE e-invoicing. The round was backed primarily by angel investors.
Tax Star built its reputation as the first AI-powered corporate tax compliance software in the UAE, helping businesses navigate the country’s evolving tax landscape with automation and intelligence at the core of its product.
This new funding builds directly on that foundation, with the company now doubling down on its role in the UAE’s e-invoicing rollout, a mandate will require businesses across the UAE to appoint an ASP and implement a compliant e-invoicing process connected to the UAE
Electronic Invoicing System.
Proceeds from the round will be directed toward three core areas: go-to-market expansion, product development, and simplifying compliance for businesses navigating the UAE’s e-invoicing requirements. Rather than allocating the raise narrowly toward specific accounting-software integrations or new-market entry alone, Tax Star said the funding is designed to strengthen the of what businesses need to become, and stay, compliant.
Tax Star also acknowledges that being part of the Plug and Play and Dubai Founders HQ (DFHQ) start-up program helped Tax Star to prepare themselves for this investment round and helped refine its future expansion plans. The company is also part of the Microsoft for Startups Program and is aspiring to join Dubai’s D33 initiative.
“Being a pre-approved ASP puts us in a strong position to support businesses through this transition, and this raise lets us invest in the team, the product, and the go-to-market work needed to do that at scale,” stated Rayhan Aleem, Co-founder and CEO of Tax Star.
The company is also the only Accredited Service Provider listed on the Xero and QuickBooks App Stores offering native integration with those accounting platforms, alongside smooth integrations with Zoho, Odoo, and Naqood.
