Qlower is focused on helping those who might be tired of tax returns. At Qlower, they’ve decided it shouldn’t be “a burden anymore.” Thanks to their technology combining open banking and AI, Qlower automates tax returns for landlords, in France for now. They claim to do it well and they do it good, “demonstrating savings and impact.”
Qlower has raised €553,311 or 110% of its target from 131 investors (at the time of writing) with 18 days left in the company’s crowdfunding campaign, carried out via Crowdcube.
Qlower is reporting a €6,023,281 pre-money valuation; Equity: 8.41%; a €38.22 share price; tax relief; tax reduction: 50%. As clarified in the update, € 429,860.34 of funds on the progress bar “represent funds raised by the Company prior to the campaign.”
As stated in the announcement, completion of the Crowdcube raise will “occur on the same material terms and share price.”
The company planned to “spend up to € 30,000 whilst the Campaign will be live.”
Key highlights are as follows:
- Qlower turns tax obligations into wealth optimisation, seamlessly.
- SAAS model with upsells, aiming at solid & sustainable performance.
- Since 2024, B2B distribution doubled B2C growth in France.
- Becoming a trusted partner, Qlower brings impact to Real Estate mgt.
The Problem, according to the firm:
As a landlord, each year you must “fill your tax returns. Pay a chartered accountant ~1000€ or more, scan each receipt and upload to a lousy cloud. Then you wait 2 months to discover the amount of tax you have to pay.”
Proposed Solution:
Qlower makes the process seamless thanks to its technology.
Connect your bank account and they’ll “do all the work.” Their controls identify missing expenses, spot the right tax option, and can “reduce your rental tax (in some cases even down to zero for your rental revenue).”
Market & Growth
Qlower operates in France today. They’ve demonstrated “a CAGR of 6x in the past 3 years, in an estimated 1B€ market.” They’re targeting Europe (estimated 13B€ market), more especially Germany.
Business model
Qlower is a SAAS with upsells. Each tax return provides data, “turned into upsell opportunities. Registrations, brokerage, and RE transactions.”
Competition
The landlord tax market is trusted by chartered accountants. Their main competitor is a French leader “with less than 1% market share. With x6 CAGR & 4.6 on the App Store, Qlower stands out.”
Use of funds
They don’t raise funds, they raise a community of ambassadors. Focused on growing our outreach as they “aim for profitability.”
Investors & funding
They claim to already have 3 of the top 10 angel investors in France onboard. Others are less known since they are happy Qlower customers.
Customers
Qlower’s tax solution is distributed “by the French proptech community, as well as banks and real estate networks.”
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