Refundit aims to change the VAT refund process for good, helping tourists to easily get what is rightfully theirs while stimulating economies and boosting business across Europe.
Tax-free shopping is a breeze with Refundit – the app that helps tourists claim their VAT refunds 100% digitally, saving both money and hassle!
Tourists can use Refundit to get their VAT refunds simply by taking photos of their shopping receipts.
Over 50 countries allow tourists to get VAT refunds on purchases they take with them when they return home.
In Europe, VAT on clothing, electronics, toys, etc. ranges between 17% to 27%. And yet close to 90% of the refund entitled to non-EU residents visiting the EU does not reach its destination due to the complicated process.
Refundit can be used for tax-free shopping in all stores (in the countries we operate in) – including small and medium-sized local stores.
Refundit also sets a new standard – with the lowest and most transparent fees: our handling fee is only 9% of the value of your refund, as compared to traditional companies which charge between 30%-60% of the refund.
Governments and Tax Authorities can make use of our advanced management pan-European platform – VATWISE – which enables big data analytics, better fraud prevention capabilities, and much more.
Our founders are long-time passionate entrepreneurs who aspire to empower consumers and save them time and money.
Uri Levine, Chairman
A passionate serial entrepreneur and disruptor, Uri co-founded Waze, the world’s largest driving traffic and navigation app. The app, now used by more than 250 million drivers around the globe, was acquired by Google in June of 2013 for $1.1 billion.
Since that time, Uri has actively pursued his dream to create great value for large audiences, through the series of startups he founded. His vision is specifically intended to disrupt inefficient markets and improve under-functioning services, focus on solving “BIG problems”, saving consumers time and money, while empowering them.
Ziv Tirosh, CEO and Co-Founder
Prior to Refundit, Ziv co-founded STK, a world-renowned developer of Bio-Pesticides for Agriculture, where he was CEO of the company for almost 15 years. Before STK, Ziv was an investment manager, overseeing investments in different Israeli startups and he previously worked as a high-tech attorney.
Ziv has a legal and business academic background with an LL.B. from Tel Aviv University and an MBA from NSU in Florida, USA and he is a graduate of the INSEAD International Executive Program.
Working in collaboration with
Refundit is 1st prize winner of the UN World Tourism Organization
global traveltech competition 2019