AuditCover
Data driven risk management
TAX AUDIT PROTECTION
AuditCover is an insurtech solution for tax audit insurance and risk mitigation solving a pain point for accountants and tax advisors.
Insurtech Gateway Australia led their £1.7m Seed round in March 2022.
AUDITCOVER FOUNDER
Gil Snir (CEO) – His professional background in marketing technology, combined with early success as founder of marketing start-up Bench Media Group, has shaped Gil into an astute and entrepreneurial manager. Gil has his eyes firmly set on reshaping the way insurance is currently delivered and distributed.
PROBLEM
The Australian Tax Office (ATO) is cracking down on tax fraud by increasing funding for its tax avoidance task force and ramping up audit activities, targeting millions of individuals and businesses. But this process is far from transparent and results in more accountants and their clients getting caught up in the audit activities, and incurring costs as a result.
SOLUTION
Simplify – AuditCover simplifies the process of protecting tax payers against the rising cost and frequency of tax audits.
Automate – AuditCover uses digital technology to automate the quote, bind and renewal process of tax audit insurance cover, reducing the friction for conversion and retention of cover.
Optimise – AuditCover exists to make the taxation process fairer and more transparent. Their goal is to not only help accountants and their clients transfer the costs and risk of audit but also manage and reduce their risk with data driven insights.
“It’s been a privilege receiving support and guidance from Simon and Nick (and the entire Insurtech Gateway team), particularly coming from a completely different professional background, and having some clear knowledge gaps at the outset of this journey.”
Gil Snir, Co-founder of AuditCover
“It has been an amazing journey to watch AuditCover grow. They have managed to soar high and achieve milestones. The team that has been put together is extraordinary, and we are excited to help facilitate their growth.”
Simon O’Dell, CEO at Insurtech Gateway Australia