# UTU Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/utu-pte

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.utu.global
- Total disclosed funding: $33M
- Latest round: Series B (Jun 25, 2023)
- Investors on record: 1

## About

Based in Singapore and founded in 2016 by its CEO Asad Jumabhoy and co-founder Ameer Jumabhoy, UTU Pte. Ltd. operates as a travel technology company that empowers travelers to obtain VAT and GST refunds. As of June 2022, the company has a team of 56 people that operates in France, Italy, Thailand, South Korea, and India. UTU Pte. Ltd.'s product offering includes the UTU tax-free card which is a virtual card for tourists to upsize their tax refunds via two methods: 25% upsize of the tax refund value in frequent flyer miles from utu’s airline partners or up to 5% more tax refund on payment card when shop in countries that use the Euro; UTU Membership gives utu users access to the benefits of the basic utu tax-free application with the option of bonus features by signing up for a premium tier. The company mobile application Utu tax-free is available on iOS and Android devices.

## Funding rounds

- Series B, Jun 25, 2023, $33M — SC Ventures

## Investors

- SC Ventures — Series B