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.