Way2VAT Unveils Way2Invoice Platform Amid Rising Global E-Invoicing Mandates Boosting Market Demand

Way2Invoice Responds to Mandatory E-Invoicing Regulations in Europe and APAC Markets

Governments throughout Europe and the Asia-Pacific region are enforcing mandatory e-invoicing as part of comprehensive VAT compliance and fraud prevention strategies. This regulatory shift is fueling strong demand for compliant e-invoicing solutions. Way2VAT’s launch of Way2Invoice strategically combines its proprietary APAI AI-driven accounts payable intelligence with e-invoicing functionality on a unified platform. This initiative supports Way2VAT’s four-pillar business strategy encompassing VAT reclaim, advisory, invoice compliance, and e-invoicing services for enterprise customers globally.

Way2Invoice empowers clients to create, send, and receive compliant electronic invoices across multiple jurisdictions while adhering to country-specific e-invoicing mandates. The platform automates compliance verification against relevant country, transaction, and indirect tax regulations to detect potential invoice issues prior to processing. By integrating invoice compliance, VAT reclaim, and advisory services into one platform, Way2Invoice streamlines indirect tax management. Successful proof-of-concept trials have been completed with German clients, with external contracts imminent.

Extensive Global Reach in 20+ Countries Enabled by PEPPOL Network Partnership

Currently active in over 20 countries, Way2Invoice’s coverage is expanding as demand and regulatory readiness increase. To accelerate global deployment, Way2VAT has partnered with a third-party provider to access the PEPPOL (Pan-European Public Procurement OnLine) network, essential for e-invoicing connectivity in multiple jurisdictions. This partnership enables rapid market entry without the need for building separate infrastructure per country. The timing is critical as nations including Germany, France, Belgium, and the UAE implement mandatory e-invoicing in the near term, positioning Way2VAT to support businesses preparing for compliance.

Integrating Way2Invoice into Way2VAT’s broader indirect tax platform offers enterprise clients a comprehensive solution, linking VAT and GST reclaim services across 40+ countries with RBC’s VAT advisory expertise through a single interface. This unified approach minimizes the complexity of managing multiple compliance and tax services. Way2Invoice operates on a SaaS basis, charging customers per invoice processed, providing scalable and transparent pricing aligned with usage.

Robust Revenue Growth with 30% Year-on-Year Quarterly Increase

Way2VAT reported Q2 FY26 revenue of $2.15 million, a 30% increase from $1.65 million in Q2 FY25. This growth reflects the combined impact of Way2VAT’s core VAT claim and return solutions and the RBC acquisition, which expanded advisory capabilities and market presence. The revenue uptick underscores investor confidence and successful expansion across new markets and product lines. The company’s strategic focus on deepening its sales pipeline across all four business pillars is yielding measurable commercial gains.

Quarterly cash receipts surged 83% to $1.70 million in Q2 FY26 from $927,000 the previous year, outpacing revenue growth and indicating improved cash collection or payment timing. Accounts receivable remained steady at approximately $7.5 million as of 30 June 2026, consistent with 31 March 2026, demonstrating effective working capital management. Operating expenses held steady at $2.80 million compared to the prior quarter, reflecting disciplined cost control amid the Way2Invoice launch and ongoing expansion.

Enterprise Client Growth and Expanded Partnership with Go Global

Way2VAT’s enterprise client base grew to 533 at Q2 FY26 end from 526 the previous quarter, highlighting continued customer acquisition success. The company broadened its partnership with Go Global, a consultancy specializing in entity registration and market entry services. Under this expanded collaboration, all VAT assistance for joint clients is managed by RBC and Way2VAT, creating a streamlined referral system leveraging Go Global’s client relationships. This expansion supports increased demand for VAT registration and reclaim services in new jurisdictions.

Additionally, Way2VAT achieved a key milestone with the integration of its APAI product into the Coupa App Marketplace. The live technical integration and joint marketing efforts enable Coupa clients to seamlessly incorporate APAI into their accounts payable workflows, reducing implementation barriers and expanding market reach. This distribution channel expansion is expected to accelerate APAI adoption among medium and large enterprises using Coupa’s procurement platform.

RBC Acquisition Meets Expectations with First E-Invoicing Advisory Contract Awarded

Way2VAT’s acquisition of VAT advisory firm RBC continues to deliver as anticipated, highlighted by securing its first e-invoicing advisory contract with Emerging Travel Group (ETG) in Germany. This contract combines VAT consultancy with e-invoicing services, validating the strategic integration of advisory expertise and technology solutions. It reflects strong market demand for guidance in navigating mandatory e-invoicing implementation, a niche Way2VAT uniquely addresses through RBC’s expertise and the Way2Invoice platform.

The ETG engagement demonstrates the complementary nature of advisory and technology services within Way2VAT’s business, with advisory fueling technology adoption and vice versa. RBC’s inclusion enhances Way2VAT’s ability to serve enterprises requiring both expert VAT guidance and compliance technology, differentiating the company from pure technology vendors and opening additional revenue streams beyond software fees. The unified platform approach facilitates cross-selling and boosts customer lifetime value.

Debt Facility Restructuring with Bank Hapoalim Enhances Financial Flexibility

On 30 June 2026, Way2VAT announced the restructuring of its debt facilities with Bank Hapoalim, its longstanding banking partner. The new arrangement increased the total debt facility from $3.926 million to $4.942 million and extended the maturity term, providing greater financial flexibility to support growth initiatives and working capital needs. The rise in outstanding loan balance during Q2 FY26 reflects drawdowns under the expanded facility or operational funding timing.

This refinancing signals Bank Hapoalim’s confidence in Way2VAT’s fundamentals and growth outlook. The enhanced credit line and extended repayment terms allow investment in product development, marketing, and potential acquisitions while reducing near-term refinancing risks. Detailed loan facility terms and balances are disclosed in section 7.6 of the Appendix 4C report.

Coupa Integration Expands Market Reach Within Existing Client Base

The completion of APAI’s technical integration with the Coupa App Marketplace marks a pivotal strategic advancement, significantly broadening Way2VAT’s addressable market for its accounts payable intelligence solution. Coupa serves thousands of mid-market and enterprise organizations worldwide that face challenges automating accounts payable and invoice compliance. By offering APAI via Coupa’s marketplace, Way2VAT removes technical adoption barriers and lowers sales and implementation costs for this segment.

Joint marketing efforts between Way2VAT and Coupa are underway to increase APAI awareness and adoption among Coupa’s customers. This channel strategy leverages Coupa’s brand and customer base without the expense of a direct sales force. The marketplace positioning also enhances APAI’s reputation as a best-in-class solution within Coupa’s procurement ecosystem. As mandatory e-invoicing expands globally, Coupa’s clients increasingly require invoice compliance tools, creating a natural growth avenue for Way2VAT.

VAT Fraud Prevention Regulations Provide Long-Term Growth Drivers for Way2VAT

Worldwide regulatory trends are firmly moving toward mandatory e-invoicing and stricter VAT compliance, generating sustained tailwinds for Way2VAT’s offerings. European and Asia-Pacific governments are adopting e-invoicing mandates to combat VAT fraud, improve tax authority oversight of cross-border transactions, and enhance tax compliance. These structural policy shifts are long-term, compelling businesses to invest in technology and advisory services like those offered by Way2Invoice and Way2VAT’s comprehensive compliance suite.

Way2VAT’s timely Way2Invoice launch aligns with upcoming enforcement deadlines in key markets such as Germany, France, Belgium, and the UAE. Enterprises in these regions are actively seeking solutions to meet compliance requirements. By combining RBC’s advisory expertise with Way2Invoice’s technology, Way2VAT delivers an end-to-end solution addressing both regulatory and operational complexities, positioning the company for accelerated client acquisition and revenue growth in upcoming quarters.

Stable Accounts Receivable and Effective Working Capital Management Support Operational Strength

Way2VAT’s accounts receivable remained steady at around $7.5 million as of 30 June 2026, consistent with 31 March 2026 levels. This stability amid 30% quarterly revenue growth indicates that increased revenue stems from new clients or expanded usage rather than extended payment terms. The combination of stable receivables and rising cash receipts reflects strong customer relationships and efficient collections. Cash receipts held steady at $1.70 million in Q2 FY26 compared to Q1 FY26, accounting for VAT return payment timing.

The company clarified item 1.8 in the Appendix 4C, explaining its role as an intermediary for International VAT reclaims. At quarter-end, Way2VAT may hold client VAT returns pending compliance verification before disbursing payments. Q2 2026 experienced a net inflow of $68,000 in client funds versus a $55,000 net outflow in the prior quarter. This transparency highlights management’s focus on distinguishing operational cash flows from client fund timing effects, reinforcing investor confidence in the company’s financial management.