Swiss Spend Management fintech Yokoy and 60dias, the leader in VAT recovery on expense tickets, are teaming up to improve the profitability of corporate travel in Europe.
This collaboration represents the union of 60dias’ more than 15 years of experience in tax matters, with Yokoy’s innovative technological proposal, which in just 2 years has positioned itself as the most innovative and revolutionary solution in Spend Management, taking full advantage of the potential of AI.
2 experts come together to offer a single solution
The Fintech, Yokoy, breaks into the European market with a differential proposal based on an artificial intelligence developed in-house at its headquarters in Switzerland, that combines travel expenses, invoices and card payments in a single solution, which has already proven its effectiveness in over 45 countries.
Now, thanks to this new alliance, 60dias provides Yokoy’s customers with a system whereby every image of every expense is analysed line by line, and all suppliers are contacted to obtain a valid invoice for deduction. This reduces the tax risk to zero and maximises the VAT recovered by up to 280% of the original amount estimated with traditional management methods.
This partnership is designed to provide a secure and easy end-to-end service, allowing European businesses to automate the management of their expenses and recover their VAT, regardless of the country in which they are based.
About Yokoy – Innovation in Spend Management
Yokoy Group AG was founded in Zurich in 2019 with the vision of simplifying expense reporting. In the meantime, the young fintech company has developed a comprehensive expense management solution that combines expense management, invoice processing and smart corporate credit cards in one intuitive solution. Yokoy currently employs about 150 people, has offices in five European cities and is poised for rapid growth. Yokoy recently attracted renowned Silicon Valley VC Sequoia Capital as lead investor for an $80 million Series B round. In addition, the Zurich-based company’s innovation was recognized with the “Swiss Fintech Award” in 2021.
More about Yokoy: https://yokoy.io/en/