Recivu, a startup operating in the fintech and B2B SaaS sector, has announced that it has closed a €500,000 investment round aimed at scaling its platform for recovering VAT on business expenses through the automatic conversion of receipts into electronic invoices.
Founded with the aim of eliminating one of the main tax inefficiencies for Italian companies, Recivu addresses a structural and often invisible problem: the loss of VAT on purchases documented by receipts, which does not allow for tax deductions in company expense reports. After initially positioning itself in the consumer retail world, six months ago the company pivoted towards business expense management, developing an infrastructure capable of transforming work expense receipts into electronic invoices without requiring changes to either companies’ internal processes or those of retail outlets. The solution integrates with existing expense report management flows and systems already in use by merchants, automating document conversion and making the process secure, traceable and free of manual intervention, both for employees and for the administrative and operational structures involved.
During 2026, the company aims to recover over €1 million in VAT for its customers, consolidating its position as the go-to solution for converting receipts into electronic invoices in the context of business expenses. The round was led by Techaround and followed by venture capital funds and business angels with experience in the SaaS and fintech sectors, who will support Recivu in the scalability and development of strategic partnerships. The capital raised will be used primarily to accelerate product development, expand integrations with the leading expense report apps on the Italian market, and strengthen the technology and sales teams.
“In Italy, several billion euros in VAT are lost every year simply because receipts are not a valid tax document for deduction purposes. Recivu was created to eliminate this structural inefficiency, making VAT recovery an automatic and transparent process, without changing the habits of companies and points of sale,” says Dariush Haghighi Tajvar, CEO of Recivu (pictured with Zouhir). “The problem with expense reports is not technological, but systemic. Companies already have defined processes and do not want to disrupt them. Recivu fits in exactly at this point: it works on existing receipts and transforms them into valid invoices, finally making VAT recoverable without operational friction.”
Nabil Zouhir, CTO of Recivu, adds: “With this investment, Recivu is strengthening its ambition to become the operating standard for corporate expense management, helping to reduce inefficiencies, errors and lost economic value for businesses.”
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