Pax AI provides a cloud‑based platform that automates duty drawback claims for manufacturers, importers, and their logistics partners. Its AI algorithms analyze import/export data to identify every recoverable duty, manage documentation, and file claims electronically, while a performance‑based pricing model ties fees to the refunds secured.
Funding
$4.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+2Founders
Product
Problem
Manufacturers and importers often miss out on refundable customs duties because the duty drawback process is complex, paperwork‑heavy, and requires specialized compliance knowledge, leading to lost cash and costly audit risks.
Solution
Pax AI offers a cloud‑based duty drawback platform that automates claim analysis, filing, and audit support. Proprietary AI algorithms scan import/export data to pinpoint every recoverable duty, ensuring maximum refunds. The system manages documentation, tracks eligibility windows, and continuously monitors new claims, reducing manual effort and compliance errors. Users submit data through a secure portal, and Pax handles the end‑to‑end filing with customs authorities. Refunds are paid directly to the client, and Pax’s compensation is tied to the amount recovered, aligning incentives and eliminating upfront costs.
Target Audience
Primary customers are manufacturers and importers who file duty drawback claims, as well as customs brokers, freight forwarders, and 3PL providers seeking a turnkey refund solution for their clients.
Features
- AI‑driven algorithms that calculate the maximum recoverable duties across all drawback types
- Automated data ingestion and smart document management to streamline claim preparation
- Continuous monitoring of eligibility periods for ongoing “continuous drawback” opportunities
- End‑to‑end electronic filing and audit‑ready reporting to simplify customs compliance
- Performance‑based pricing model where fees are a percentage of the refund received
- Revenue‑share program for customs brokers, freight forwarders, and 3PL partners who refer clients