Through its tax reclaim API, Revenir allows banks to refund VAT to customers through their own applications, enabling individuals and corporations to claim back their value-added tax more easily.
The solution was built to combat the laborious VAT reclaims process, which is currently paperwork heavy and involves paying high fees to brokers. With Revenir, financial businesses can add reclaim capabilities into their apps with very little hassle, delivering heightened value to their users in the process.
As a relatively new company, it is yet to be seen how effective or popular Revenir's solution will turn out to be, but it is certainly an innovative idea worth keeping an eye on as it develops.
Steph
Company Specialist at Welcome to the Jungle