Refundit
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | 1.2m | 1.2m | <1m | <1m |
% growth | - | - | (19 %) | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $2.5m | Seed | |
* | $9.8m | Seed | |
Total Funding | €11.2m |
Related Content
Recent News about Refundit
EditRefundit is a fintech startup that simplifies the VAT refund process for non-EU tourists shopping in the EU. The company operates in the travel and retail markets, targeting travelers who wish to reclaim VAT on their purchases. Refundit’s business model revolves around a mobile app that allows users to take photos of their receipts, submit claims, and receive refunds within 15 minutes, all without the need to visit customs counters. The app charges a competitive fee of 9%, significantly lower than other providers who may charge up to 60%. This streamlined process not only saves time but also increases the refund amount for users. Refundit generates revenue through the fees collected from each refund transaction. The company’s user-friendly interface and efficient service have garnered positive reviews, making it a preferred choice for travelers seeking VAT refunds.
Keywords: VAT refund, fintech, travel, retail, mobile app, non-EU tourists, low fees, quick refunds, customs-free, user-friendly.