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Refundit is a finance technology company that processes value-added tax (VAT) refunds via the Refundit app. Non-residents visiting a foreign country are often entitled to a refund on VAT; however, the process can be complicated. The app aims to make the refund process simpler, by processing VAT information for its clients via receipt images. Refundit works with tax authorities in different countries, enabling tourists to scan receipts and invoices of purchased goods and receive the customs clearance for their refund.Refundit takes 9% of the refunded amount as their handling fee.
Refundit was founded in 2017 by Uri Levine, Chairman, and Ziv Tirosh, CEO. The company is based out of Tel Aviv, Isreal.