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 mobile app that cuts through the red tape for tourists and helps you skip the lines, including the one at the airport.
With Refudit’s simple and easy-to-use App, tourists can get their refund simply by taking photos of their shopping receipts. Tax authorities can enjoy our advanced management pan European platform – VATWISE – which enables big data analytics, better fraud prevention capabilities, and much more.
More than 50 countries allow tourists to get VAT refunds for purchases of products they take with them when they leave. In Europe, VAT on clothing, electronics, toys, etc. range between 17% to 27%. Still, 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 simplifies tax-free shopping. With Refundit, the tourist’s claim is sent off before they reach the airport. And, they can get their refunds from purchases in all stores, including small and medium-size local stores. Refundit also sets a new standard with the lowest and most transparent fees: our handling fee is only 9% as compared to traditional companies, which charge 30%-60% of the refund.
Our founders are long-time passionate entrepreneurs who aspire to empower consumers and save them time and money.
Uri Levine, Chairman, A two-time unicorn builder, Co-Founder of Waze, and investor in Moovit. An entrepreneur, who dedicates his life to creating great value for consumers globally, disrupting inefficient markets, and improving under-functioning services.
Ziv Tirosh, CEO, Co-Founder and former CEO of Stockton Bio. Ziv has been active in numerous start-ups in Board and investment roles.
Working in collaboration with
Refundit is 1st prize winner of the UN World Tourism Organization
global traveltech competition 2019