Wevat provides a mobile application that simplifies the VAT refund process for international shoppers in France by allowing users to capture purchase invoices digitally and generate tax-free forms for validation at departure points. This solution eliminates the need for paper forms and partner store restrictions, enabling users to receive refunds of up to 13% on eligible purchases without hidden fees.
Funding
$3.6M 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.
Founders
Product
Problem
International shoppers in France often face a cumbersome VAT refund process involving paper forms, restrictions to partner stores, and potential hidden fees, making it difficult to efficiently reclaim VAT on their purchases. Traditional methods can be time-consuming and lack transparency, diminishing the savings potential for tourists.
Solution
Wevat offers a mobile application that streamlines the VAT refund process for tourists in France, enabling them to digitally capture purchase invoices and generate tax-free forms directly from their smartphones. By eliminating paper forms and partner store limitations, Wevat allows users to shop at any eligible store and receive VAT refunds of up to 13% on qualifying purchases. The app provides a transparent fee structure and supports refunds in multiple currencies, ensuring a hassle-free experience from purchase to refund.
Target Audience
The primary target audience includes international tourists shopping in France who seek a convenient, transparent, and efficient way to reclaim VAT on their purchases.
Features
- Mobile app for iOS and Android, allowing users to manage VAT refunds on the go
- Digital invoice capture via photo upload, eliminating the need for paper forms
- No restrictions on partner stores, enabling users to shop at any VAT-registered retailer in France
- Automatic generation of tax-free forms for presentation at departure points
- Real-time refund tracking and status updates within the app
- Multilingual customer support available via in-app chat
- Refund options in over 50 currencies via credit card, bank transfer, Alipay, or WeChat Pay
- Ability to claim VAT refunds on both online and offline purchases from French-registered retailers