Way2VAT receives $625K in funding highlighting its innovation in fintech

Way2VAT Ltd (ASX:W2V)’s Amos Simantov speaks with proactive‘s Elisha Newell about the $625,000 in funding the company has just received support research and development for the initial marketing and commercialization of the company’s Smart Spend Debit Mastercard. Simantov says the funding grant from the Israeli Innovation Authority (IIA) vindicates its innovation in the fintech space and acknowledges Way2VAT’s product platform innovation, capability and its product-market fit. The grant will expedite adoption of the recently launched Smart Spend Debit Mastercard, a world-first in partnership with Railsbank, that fully automates VAT/GST returns from end-to-end for the SMB and Enterprise market.

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