R
Refundit
Fintech · Tel Aviv-Yafo, Israel · Founded 2017
Revolutionizing Tax Free Shopping for Tourists MoreLess
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. Keywords: VAT refund, fintech, travel, retail, mobile app, non-EU tourists, low fees, quick refunds, customs-free, user-friendly.
Company overview
Refundit company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- Tel Aviv-Yafo, Israel
- Employees
- 6
- Open positions
- None listed
- Dealroom signal
- 62.5
Valuation & funding
Refundit 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 and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $975K | 0% | 6 |
| 2025 | $975K | 0% | 6 |
| 2024 | $975K | 0% | 5 |
| 2023 | $975K | 0% | 12 |
| 2022 | $975K | -18.8% | 13 |
| 2021 | $1.2M | 0% | 10 |
| 2020 | $1.2M | — | 15 |
Growth signals
Refundit website traffic
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.
Comparisons
Refundit compared with similar companies
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Talent graph
Refundit's talent
Source: Dealroom Talent Intelligence.
Investors
5 investors on Refundit's cap table
Sourced from Dealroom's funding and investor records.
Global footprint
Where Refundit has talent and traffic
team presence
In the news
Latest news about Refundit
Recent press, funding announcements, and product moves mentioning Refundit — open to read from the original sources.
Market sentiment
What the market is saying about Refundit
An AI-synthesized read of the highest-engagement posts about Refundit on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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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