Funding
Funding not disclosed
Founders
Product
Problem
Tourists often face complex, paper-based processes for claiming tax-free refunds on their purchases, leading to lost time and potentially smaller reimbursements due to hidden fees or incomplete documentation. This administrative burden detracts from their travel experience and reduces the net savings from their shopping.
Solution
Inovat offers a digital platform that streamlines the tax-free refund process for international travelers. Users can easily upload digital copies of their purchase receipts via a mobile interface, eliminating the need for manual paperwork and in-person queues. The platform processes these receipts to maximize refund amounts, ensuring users receive the largest possible reimbursement without any hidden charges. By digitizing the entire workflow from receipt upload to refund disbursement, Inovat significantly reduces administrative overhead for travelers, allowing them to enjoy their trips more fully while retaining more of their spending money.
Target Audience
The primary users are international tourists shopping in Belgium who wish to claim tax-free refunds on their purchases efficiently.
Features
- Mobile-first receipt upload functionality utilizing device camera for digital capture
- Automated data extraction from receipts to populate refund claim forms
- Support for multiple currencies for refund disbursement
- Real-time status tracking of refund claims
- Partnership integrations with relevant tax authorities for streamlined processing
- No hidden fees or commission on refund amounts