Global fintech company Way2VAT (ASX: W2V) is planning to accelerate its growth and expedite profitability with the $4 million acquisition of UK-based VAT advisory and compliance specialist RBC VAT. Consideration will comprise $2m in cash on completion of the acquisition plus $1.76m payable 12 months later and an additional $240,000 at 24 months. ‘Four-Pillar’ Growth StrategyWay2VAT chief executive officer Amos Simantov said the acquisition was a significant milestone that directly supported the company’s “four pillar” growth strategy. The company’s services include providing multi-national firms with global business-led VAT advice, conducting bespoke VAT training courses, and advising international businesses on VAT planning and European VAT compliance filings. The loan will be for an 18-month term and secured against RBC VAT shares.