The story so far
Fonoa exists to automate taxes for the Internet economy. The company is focused on helping global online businesses remain compliant with tax legislation, even as they accelerate growth and scale. While technology is driving trade at an ever-increasing pace, it has become harder for digital-first businesses to understand and manage global tax and compliance obligations. Today, automation options are limited and manual processes remain the norm - forcing companies with cross-border transactions to rely on costly and complex solutions to manage their international tax footprint. With Fonoa, that all changes.
OMERS Ventures first invested in 2021.
OMERS First Investment