Wevat Tax Refund
Latest round
- Series A
Last raised
- Jul 2019
Total raised
- $3.7M
Investors
- 6
About Wevat Tax Refund
Founded in 2016 in London, UK, Wevat Tax Refund provides a platform that facilitates VAT refunds for international shoppers.818 mn.Wevat offers a digital platform designed to simplify tax-free shopping for international travelers in France. Its core service allows users to claim VAT refunds on their purchases through a streamlined mobile app. By capturing purchase invoices with a single tap, users can generate digital tax-free forms that can be validated at Wevat-supported departure points. This innovative solution eliminates the need for lengthy paper forms and multiple scanning processes, providing a hassle-free experience for users. The app enables customers to select their preferred refund method, including credit card or bank transfer, and supports refunds in over 50 currencies.Wevat's revenue structure is primarily derived from the service fees charged for processing VAT refunds on purchases. Transactions are facilitated through the app, where users submit their purchase invoices, and Wevat handles the refund process. This service benefits both consumers and retailers, as shoppers gain access to tax savings while retailers attract more international customers by offering a seamless VAT refund experience. The firm operates a B2C model, engaging directly with travelers to optimize their tax refunds. The firm is focused on launching new features that streamline the user experience further. It is also exploring opportunities to expand its services beyond France into other key European tourist destinations, although specific markets and timelines have not been disclosed.
Who invested in Wevat Tax Refund
6 investors across 3 rounds
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Questions about Wevat Tax Refund
Who invested in Wevat Tax Refund?
Wevat Tax Refund has 6 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Wevat Tax Refund raised?
Wevat Tax Refund has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Wevat Tax Refund last raise money?
Wevat Tax Refund's most recent round on record is a Series A, in Jul 2019.
What does Wevat Tax Refund do?
Founded in 2016 in London, UK, Wevat Tax Refund provides a platform that facilitates VAT refunds for international shoppers.
Where is Wevat Tax Refund headquartered?
Wevat Tax Refund is headquartered in London, UK.
Which VCs invest in companies like Wevat Tax Refund?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at Wevat Tax Refund's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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