TaxTim Acquired by Consortium Led by Twofold Capital and Octoco

TaxTim, South Africa’s leading digital tax assistant, has been acquired by a private consortium led by Twofold Capital. The consortium, which includes Stellenbosch-based technology group Octoco, provided a successful exit for TaxTim's non-operational shareholders and a partial exit for co-founder Evan Robinson, who will remain involved in the business and continue to lead product strategy.

Since 2011, TaxTim has become a household name in personal and business tax filing, helping hundreds of thousands of South Africans file confidently every year, and processing over R700 million in tax refunds for its users to date.

TaxTim makes it simple and affordable for South Africans to file their tax returns and remain compliant. Integrated with SARS eFiling, it guides users through a clear, step-by-step process that asks users plain-language questions about income and expenses, then prepares and submits their tax returns.

In addition to its filing service, TaxTim is a trusted source of free, easy-to-understand tax education content, helping millions of South Africans navigate their tax obligations with confidence.

The business has secured long-standing partnerships with top financial services brands, including Momentum, FNB eBucks, Sanlam Reality, Old Mutual Rewards, and, as of last week, Capitec Live Better. These partnerships are a testament to TaxTim’s credibility, scalability, and strong customer value proposition.

Ed du Plessis, Director of Twofold Capital, said, “TaxTim has built a trusted brand, a loyal user base, and a track record of solving real customer problems in a market where simplicity and trust matter most. We see significant potential to enhance the core product and expand into adjacent services, which is why we’re especially excited to have the Octoco team on board. With advances in AI, there’s a real opportunity to make the tax experience even more personalised, automated, and accessible.”

Evan Robinson, technical co-founder and now Head of Product at TaxTim, said, “I’m excited to see how the business will grow with this new injection of energy, expertise, and capital. It’s an honour to continue our original mission — making tax easy and accessible for all South Africans. I’m confident that with the support of Twofold and Octoco, we can build on what we’ve started and take TaxTim to the next level.”

The acquisition marks the latest investment by Twofold Capital, a permanent capital investment company that brings together long-term capital and entrepreneurial operators to support high-potential businesses. The inclusion of Octoco in the consortium highlights the strength of the partnership, combining not only capital but also deep technology, product, and operational expertise to accelerate growth.

For easy, step-by-step tax filing, visit www.taxtim.com.