![]() I am an investment advisor and stock expert with international stock portfolios and I had to deal with withholding tax. How and where did you come up with the idea for your startup?Ī C-suite of a very well-known international major bank once told me: "Divizend is among the few fintech companies that solve a real customer problem." The strongest business cases always come from founders who face a problem and want to solve it. With our customer-centric platform and revolutionary approach, we aim to secure a significant piece of the pie. Very exciting in our context: More than USD 20 billion in withholding taxes annually go unreclaimed. The worldwide market for withholding taxes amounts to around USD 100 billion. ![]() It is one of the largest markets in the financial sector overall. ![]() The global dividend market has a volume of USD 1.5 trillion and is growing at rates of 5-10% per year. What market are you addressing and what is the potential of your startup in that market? Divizend Suisse has now become the first fintech worldwide to develop a simple browser-based solution that enables all customer groups, whether individual investors, private banks, asset managers, family offices, and funds, to quickly and uncomplicatedly reclaim foreign withholding taxes. As more and more investors buy foreign stocks and the topic of dividend investment becomes increasingly popular, this poses a major problem. This reduces their dividend income and, consequently, their investment yield significantly. We have a simple but powerful mission statement: "We help investors maximize their dividend returns." Whenever investors hold foreign dividend stocks in their portfolio, they are subject to double taxation through withholding tax and income tax. "The strongest business cases always come from founders who face a problem and want to solve it."Ĭan you tell us who your product or solution helps, and how?
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