AngelSpark Backs Inovat to Simplify Global VAT Refunds for Travellers

If you've ever been shopping overseas and trudged wearily through the cumbersome process of claiming back your VAT, you'll know it's more tedious paperwork than treasured souvenir. But fret no more, because it seems that those pesky forms and labyrinthine queues might soon become a distant memory.

AngelSpark, an Emirati venture capital firm, has announced it's investing in France-based fintech company, Inovat. The French startup specialises in digital solutions that make reclaiming travel-related taxes quicker and more hassle-free for tourists. Honestly, any incentive to avoid filling out another paper form at the airport gets my vote—and probably yours too, dear Arageek readers.

The funding from AngelSpark couldn't come at a better time for Inovat. With travel rebounding fiercely and digital solutions thriving, tourists everywhere are increasingly looking for simpler ways to handle tax returns from overseas purchases. Traditional VAT refunds have been notoriously fiddly, often involving complicated steps and wasted hours in queues—hardly what you're after when eager to tuck into your airport Pret sandwich and head home.

Inovat says users can now snap a quick picture of their receipts to claim their tax back almost instantly. Now, that’s the digital convenience many weary travellers have long been clamouring for. But the real magic here is how effortlessly Inovat integrates its tax-refund solution into everyday apps folks already love and trust.

Thanks to handy API integrations with major banks and travel platforms, Inovat's solution slots neatly into people’s existing banking and travel apps, letting travellers conveniently manage VAT refunds without switching between multiple applications. No more faffing about swapping apps just to get your cash refunded.

For Inovat, it's a big step forward, enabling them to scale up significantly and connect with a wider audience worldwide. AngelSpark’s investment not only recognises the French startup’s potentail, but also spotlights the wider industry trend towards seamless digital experiences. It certainly looks like good news for tourists everywhere—particularly for anyone who's ever had an otherwise pleasant holiday spoiled slightly by red tape and bureaucratic headaches.

If it means I get quicker access to a duty-free bar of Toblerone, sign me up right away.

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