Helu said to raise $5m in its latest funding round

Helu, an Austria-based FinTech company, has reportedly secured $5m in funding, as it looks to expand its team.

The round was led by VC Atlantics Labs and the founders of WeFox and BitPanda, according to a report from The Paypers.

This capital injection will help the company grow its team and enhance its product.

Helu provides companies with tools to improve their reporting processes, while ensuring strict data security. Its website claims clients can save around 40% on financial reporting, with Helu offering simplified reports, data transparency and data security.

Earlier in the month, fellow tax-focused FinTech company Blockpit secured $10m in its Series A round. The FinTech company  offers tax reporting and portfolio tracking services for cryptocurrency and hopes to help companies trust these digital assets.

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