Hamburg-Based FinTech DivTax Raises €1 Million to Simplify Dividend…

Team S · 2026-03-10T12:58:41.000Z

German fintech startup DivTax has secured €1 million in a pre-seed funding round to accelerate product development and build partnerships with financial institutions. The funding will help the company expand its platform designed to simplify the complex process of reclaiming withholding tax on foreign dividends. The round attracted backing from investors including Angel Invest, CapCircle, and Superangels, along with prominent industry figures such as Dr. Ralph Müller, COO of ING Germany, and Max Linden, founder of lemon.markets. Additional angel investors Christian Stiebner and Matthias Goegele also participated in the financing. Founded in 2023 by Nicolas Oldag, Julius Holzer, and Linus Holzer, DivTax is building a digital platform that helps investors recover overpaid withholding tax on foreign dividends, a common issue faced by individuals investing in international stocks. When investors receive dividends from foreign companies, they often face double taxation, as foreign governments deduct withholding tax before the payment reaches investors. Recovering these taxes typically requires complex paperwork and dealing with foreign tax authorities. DivTax’s platform automates this process by aggregating data from brokers, calculating potential refunds, and managing the entire reclaim workflow digitally. The company states that its solution can help investors increase dividend returns by as much as 25%, while completing refund applications within minutes. The platform also enables users to review and reclaim taxes from dividends received over the past five years. DivTax launched its B2C platform for retail investors in early 2025 and is gradually expanding services for institutional investors as well. The startup currently serves German users and plans to expand its offering to other markets in the future.

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Hamburg-Based FinTech DivTax Raises €1 Million to Simplify Dividend… | Newnex