U
UTU Singapore
Travel tech company that helps flyers get more out of their tax-free shopping
About UTU Singapore
UTU operates in the tax-free shopping market, providing a unique platform that enhances the value of VAT refunds for international shoppers. By converting VAT refunds into shopping vouchers or airline miles, UTU offers additional benefits and flexibility to its users. The company partners with leading rewards programs, including airlines, hotel groups, and shopping centers, across more than 50 countries. UTU's business model revolves around leveraging these partnerships to provide higher value returns on VAT refunds, thus creating a win-win situation for both shoppers and partners. The platform utilizes advanced technologies, including AI, to streamline the refund process, making it quick and easy for users to scan their VAT refund forms and choose their preferred reward. UTU generates revenue through its partnerships and by taking a percentage of the enhanced refund value. The company's target clients are international travelers who seek to maximize their VAT refunds and enjoy additional perks through their preferred rewards programs.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2015
- Headquarters
- Singapore, Singapore
- Employees
- 438
- Open positions
- None listed
- Dealroom signal
- 47.7/100
- Industry
- Travel, Fintech
- Sub-industry
- Payments
- Sector
- Fintech, Loyalty Program
- Client focus
- b2b, b2c
- Investment activity
- 1 company, latest Jun 2023
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Jun 2023 | $33M | $132M | SC Ventures | ↗ |
| SERIES AOther financing | Jan 2021 | $19M | $76M | Undisclosed | — |
Growth signals
Latest recorded traffic for UTU Singapore is 1.1K monthly website visits, down 64.5% over the last three months. UTU Singapore's team grew 4% over the past year.
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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.
Series A1 investor entered at this stage
SC Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about UTU Singapore 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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