UAE TaxTech Startup Tax Star Raises $1.75 Million to Support E-Invoicing Rollout

The investment comes at an important time for Tax Star. The company has become a pre-approved Accredited Service Provider (ASP) for UAE e-invoicing.

This is a major step for the company as the UAE moves forward with its national e-invoicing system.

Tax Star was the first AI-powered corporate tax compliance software platform in the UAE. Its platform helps businesses manage tax-related work using automation and AI.

The company aims to make it easier for businesses to understand and manage the UAE's changing tax rules.

With the new funding, Tax Star plans to focus more on the UAE's e-invoicing rollout. Under the new system, businesses will need to work with an approved ASP and set up an e-invoicing process that connects with the UAE Electronic Invoicing System.

Tax Star wants to support businesses as they prepare for these new requirements.

"This funding allows us to focus on what matters most right now: easing the compliance burden for businesses across the GCC as e-invoicing becomes a reality," said Rayhan Aleem, Co-founder and CEO of Tax Star. "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."

Founded in 2023 by Rayhan Aleem and Haris Tasawar, Tax Star offers an AI-powered platform that helps businesses manage corporate tax and compliance. The company is also a pre-approved Accredited Service Provider (ASP) for the UAE’s upcoming e-invoicing system.

Tax Star will use the new funding to expand its market activities, improve its platform, and help more businesses meet the UAE’s e-invoicing requirements.

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