STAMP secures €4M to power next-gen Tax Free for global shoppers
Madrid-based STAMP has successfully secured €4 million in a new funding round, signaling a significant advancement in digital transaction solutions for international shoppers. This investment, led by Dozen with contributions from EBISU Digital, Barça Innovation Hub, and prominent international business angels, highlights strong confidence in STAMP's innovative approach to Tax Free shopping. The funding also underscores alignment with public initiatives focused on commercial modernization and digitalization across Europe. STAMP's technology fundamentally redefines the traditional VAT refund process by integrating tax benefits directly at the point of sale, moving away from complex post-purchase reimbursements. Their platform digitally streamlines this experience in compliance with European regulations, adapting to individual country fiscal frameworks to offer VAT exemption or immediate discounts at checkout. The system ensures transaction validation, traceability, and manages tax recovery, mitigating fiscal risk for merchants while enhancing the shopping experience for global travelers. This innovation directly impacts European retailers and international customers by reducing payment friction and simplifying access to Tax Free benefits, thereby boosting conversion rates and basket sizes. STAMP acts as a strategic partner for retailers, connecting them with global travelers and facilitating payments through integrations with platforms like WeChat and Alipay. The company plans to leverage the new funding to expand its operations in Spain, Italy, and Portugal, and to further develop its product portfolio, including an upcoming AI-based offering.
Curated and translated by Europe Digital for our multilingual European audience.
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