---
title: "Fonoa raises $110M and buys PwC’s tax software to build a real-time compliance platform"
url: https://daily.dev/posts/fonoa-raises-110m-and-buys-pwc-s-tax-software-to-build-a-real-time-compliance-platform-gzeinr9dp
source_url: https://thenextweb.com/news/fonoa-110m-series-c-pwc-tax-edge
type: article
source: "The Next Web"
published: 2026-05-29T11:34:51.908Z
updated: 2026-05-29T11:35:16.181Z
tags: ["ai", "fintech"]
reading_time: 3
upvotes: 0
comments: 0
language: en
---

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# Fonoa raises $110M and buys PwC’s tax software to build a real-time compliance platform

**[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments

## Summary

Dublin-based tax-tech startup Fonoa has raised a $110M Series C led by Headline, with participation from Eurazeo, Forestay Capital, Index Ventures, and others. Simultaneously, it completed the acquisition of PwC's Indirect Tax Edge, an enterprise VAT/GST compliance product used by large global organizations. The combined move positions Fonoa to offer a unified, real-time tax compliance platform as governments worldwide shift toward transaction-level e-invoicing and real-time reporting mandates. PwC's decision to divest a live enterprise product to a scale-up rather than build the real-time layer itself is seen as a significant endorsement of Fonoa's infrastructure. The company plans to use the capital to add AI-driven monitoring and automation to workflows that previously required heavy manual effort.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/fonoa-110m-series-c-pwc-tax-edge>

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---

Tags: [#ai](https://daily.dev/tags/ai), [#fintech](https://daily.dev/tags/fintech)

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