Refund Giant
Revenir is a fintech company that automates VAT reclaim processes through partnerships with banks and card providers. Their technology leverages AI, machine learning, optical recognition, and proprietary algorithms to simplify VAT refunds for travelers by integrating VAT reclaim services directly into banking applications via API or web app integration. This eliminates paperwork and queues, enabling automated refunds typically within 48 hours. Revenir's business model involves taking a commission on VAT reclaimed, offering banks a new revenue stream and enhanced customer satisfaction. The company has raised £2.5 million in seed funding, participated in Y Combinator and Accenture's Fintech Innovation Lab, and collaborates with major partners including Visa, Mastercard, HMRC, and Lloyds Banking Group. Revenir emphasizes sustainability by reducing paper use and planting trees for VAT reclaims processed, hosting on renewable energy-powered AWS infrastructure. Their mission is to democratize VAT reclaims and revolutionize the process by linking banks to tax authorities for seamless, integrated refunds.
Refund Giant
Revenir is a fintech company that automates VAT reclaim processes through partnerships with banks and card providers. Their technology leverages AI, machine learning, optical recognition, and proprietary algorithms to simplify VAT refunds for travelers by integrating VAT reclaim services directly into banking applications via API or web app integration. This eliminates paperwork and queues, enabling automated refunds typically within 48 hours. Revenir's business model involves taking a commission on VAT reclaimed, offering banks a new revenue stream and enhanced customer satisfaction. The company has raised £2.5 million in seed funding, participated in Y Combinator and Accenture's Fintech Innovation Lab, and collaborates with major partners including Visa, Mastercard, HMRC, and Lloyds Banking Group. Revenir emphasizes sustainability by reducing paper use and planting trees for VAT reclaims processed, hosting on renewable energy-powered AWS infrastructure. Their mission is to democratize VAT reclaims and revolutionize the process by linking banks to tax authorities for seamless, integrated refunds.
TL;DR
Product: Automated VAT/tax refund platform integrated into banks via API or web app
Headquarters: London, England, United Kingdom
Stage: Seed-stage, participated in Y Combinator
Team size: 1–10 employees
Company Overview
Problem Domain
VAT/tax refunds and travel cashback automation
Industry
Fintech
Funding Track Record
Participated in Y Combinator; public profiles list a Seed round
Investor Signal
“Y Combinator listed as investor”