R
Refundit
Revolutionizing Tax Free Shopping for Tourists
About Refundit
Refundit 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.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- Tel Aviv-Yafo, Israel
- Employees
- 6
- Open positions
- None listed
- Dealroom signal
- 62.5/100
- Industry
- Fintech
- Sub-industry
- Financial Management Solutions
- Sector
- Fintech, Shopping, Insurance
- Technology
- Mobile app
- Business model
- SaaS
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SEED✓Equity / VC | Nov 2019 | $9.8M | $39M | Amadeus | ↗ |
| SEED✓Equity / VC | Jan 2018 | $2.5M | $10M | Undisclosed | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Refundit is 610 monthly website visits, up 69.4% over the last three months. Refundit's team grew 0% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Amadeus
Other known investors4 additional known investors
Ataria
Ataria Ventures
Portugal Ventures
Tal Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Refundit on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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