Way2VAT Boosts Revenue 30 Percent with New Way2Invoice Platform and Expanded Debt Facility

Way2VAT Accelerates Growth with New E-Invoicing Platform

Way2VAT Ltd (ASX:W2V) reported a solid 30% jump in quarterly revenue to A$2.15 million for Q2 FY26, building on momentum from its recent acquisition and expanding client base. The standout development was the launch of its Way2Invoice platform, a SaaS solution that merges AI-powered accounts payable intelligence (APAI) with e-invoicing capabilities to meet tightening VAT fraud regulations across Europe and Asia-Pacific.

Way2Invoice is live in over 20 countries, including key markets such as Germany, France, Belgium, and the UAE, where governments are enforcing mandatory e-invoicing to improve VAT compliance. The platform streamlines invoice processing, compliance checks, and status tracking under one roof, helping clients navigate complex, country-specific requirements. This integration aligns with Way2VAT's strategy to offer a full suite of VAT reclaim, advisory, invoice compliance, and e-invoicing services on a single platform.

Client Growth and Partnership Expansion

The quarter saw enterprise clients rise modestly from 526 to 533, reflecting steady demand across sectors. Way2VAT also expanded its partnership with consultancy Go Global, which supports clients in international entity setup and VAT compliance. All VAT assistance for Go Global’s clients is now managed by Way2VAT’s RBC VAT advisory arm, underscoring growing cross-border collaboration.

Way2VAT secured a contract to provide e-invoicing advisory services to Emerging Travel Group in Germany, marking its first VAT consultancy project linked directly to e-invoicing. The company also went live with its APAI product on the Coupa App Marketplace, enabling seamless integration for Coupa clients and joint marketing initiatives.

Financial Position and Debt Restructuring

Operating expenses held steady at A$2.80 million, while cash receipts from clients remained flat quarter-on-quarter at A$1.70 million. The company’s accounts receivable balance was stable at approximately A$7.5 million.

Importantly, Way2VAT restructured and expanded its debt facilities with Bank Hapoalim, increasing the total loan balance from A$3.93 million to A$4.94 million and extending maturities through to 2029. The new financing includes a secured loan of A$2.44 million repayable over three years, bearing interest at the Israeli Prime Rate plus 5%. This enhanced facility provides additional runway to support client acquisition and operational growth.

M&A Pipeline and Outlook

CEO Amos Simantov highlighted ongoing M&A discussions as a key growth lever, with the company actively evaluating acquisition targets to complement organic expansion. He noted expectations for reduced operating cash burn in coming quarters driven by higher client activity, the positive cash flow impact of the RBC acquisition, and improved cash collections.

Way2VAT’s integrated platform approach and expanded financing position it well to capitalise on the accelerating global shift toward automated VAT compliance and e-invoicing mandates, though contract wins for Way2Invoice beyond initial proofs of concept remain to be seen.