Denmark
Pie Systems is a Denmark-based startup founded in 2017 with the slogan "Empowering Local Partners, Globally." The company aims to revolutionize the outdated and expensive process of Tax Free Shopping by offering a fully digitized end-to-end solution. Through Pie Systems' platform, merchants can seamlessly facilitate VAT refunds, and consumers can easily claim them via their mobile devices, eliminating the need for paper forms and long queues. Moreover, the platform is free for users and provides the lowest market fees for consumers and the highest revenue share for merchants.
The startup recently secured a $1.60M Seed Round investment on 06 August 2020. The round was backed by prominent investors including Builders VC, DG Ventures, Green Visor Capital, Evolution VC Partners, Dreamcraft Ventures, Castor Ventures, and Alumni Ventures. With its innovative approach to modernizing the Tax Free Shopping experience, Pie Systems has garnered significant support and is poised for further growth and impact in the retail technology sector.
