WOONIVERS - Investment Opportunity
The traditional tax-free process is a time-consuming, dated experience, and in most cases a largely offline experience. This is where we differ in Woonivers!
We’re reinventing the tax-free shopping experience, providing a mobile-only, paperless and multichannel solution for businesses and travelers alike.
Our app offers the possibility to carry out the tax-free procedure in e-commerce or physical stores without having to do any kind of paperwork or lengthy processes: Everything is done in the App in questions of minutes!
LIVE PITCHING
The Woonivers team presenting at one of Angels Den's pitching events
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THE IDEA
Products & Services
We reshaped tax-free for a larger savvy audience of shoppers by launching the first only-mobile solution, speeding up VAT refund procedures, and offering unique travel shopping experiences.
Our App extracts key information from invoices/receipts and our data science system process them into structured data to launch personalized shopping offers, segmented by geolocation, socio-demographics, or past purchases.
By using next-generation technology, we've also been a game-changer for security and fraud prevention: biometric recognition, payment and refund traceability with our own payment gateway, in-app geolocation...
Problem Solved
Showing their passport in stores, filling in forms, manual tax refund validation at customs… the customer experience of Tax-Free shopping is slow, cumbersome, and burdens with the unnecessary inconvenience. As a consequence, only 30% of travel shoppers claimed their VAT refund through traditional tax-free providers.
So at Woonivers, we shook up an old Tax-Free business model, providing the first 100% mobile tax-free experience which takes travel shopping to the next level! Everything is done in our mobile App, offering a unique and personalized user experience while enabling tax refund in questions of minutes!
Revenue Model
In the EU, the tax-free model is built to increase the purchasing power that incoming and non-resident travellers have by treating the purchase of goods as an international export.
This refund process usually is done through an intermediary (tax-free provider). In this case, the intermediary has the responsibility of validating all information the traveller presents with the Government and then transferring the money if the process is successful. In case the refund is successful, Woonivers charges a commission as a percentage of the total VAT subject of reclamation and refunds the remaining amount to the claiming part.
Exit Strategy
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Minimum Target
£ 1,500,000
Maximum Target
£ 5,000,000
Minimum investment amount
£ 1,500,000
Maximum investment amount
£ 5,000,000
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Location
Madrid
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The Idea
Products & Services
We reshaped tax-free for a larger savvy audience of shoppers by launching the first only-mobile solution, speeding up VAT refund procedures, and offering unique travel shopping experiences.
Our App extracts key information from invoices/receipts and our data science system process them into structured data to launch personalized shopping offers, segmented by geolocation, socio-demographics, or past purchases.
By using next-generation technology, we've also been a game-changer for security and fraud prevention: biometric recognition, payment and refund traceability with our own payment gateway, in-app geolocation...
Problem Solved
Showing their passport in stores, filling in forms, manual tax refund validation at customs… the customer experience of Tax-Free shopping is slow, cumbersome, and burdens with the unnecessary inconvenience. As a consequence, only 30% of travel shoppers claimed their VAT refund through traditional tax-free providers.
So at Woonivers, we shook up an old Tax-Free business model, providing the first 100% mobile tax-free experience which takes travel shopping to the next level! Everything is done in our mobile App, offering a unique and personalized user experience while enabling tax refund in questions of minutes!
Revenue Model
In the EU, the tax-free model is built to increase the purchasing power that incoming and non-resident travellers have by treating the purchase of goods as an international export.
This refund process usually is done through an intermediary (tax-free provider). In this case, the intermediary has the responsibility of validating all information the traveller presents with the Government and then transferring the money if the process is successful. In case the refund is successful, Woonivers charges a commission as a percentage of the total VAT subject of reclamation and refunds the remaining amount to the claiming part.
Exit Strategy
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