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DAVO Technologies Collects, Files, and Pays Sales Tax on Merchants’ Behalf

This post is part of our live coverage of FinovateFall 2015.

DAVOTechnologies2Next, DAVO Technologies showed how its solution automatically collects, files, and pays sales tax on merchants’ behalf:

DAVO Sales Tax is the automated sales tax solution for small to mid-sized merchants. DAVO’s patented process automatically and passively collects, files, and pays sales tax for a merchant utilizing the ACH and card payments networks. This unique process integrates with a merchant’s POS and back-end accounting packages, setting aside the total sales tax collected daily, holding it safe and secure. DAVO’s goal is to do for sales tax what ADP and Paychex did for payroll.

Presenter, center: CEO of Davo, Owen Brown

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Product Launch: February 2015
Metrics: $2.2 million; 6 team members; 142 acquired customers
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms

HQ: Portland, Maine
Founded: September 2011
Website: davotechnologies.com