utu logo β€” 🌎 World's first to transform your VAT refund into Frequent...

utu

🌎 World's first to transform your VAT refund into Frequent Flyer Miles. | up to 40% upsize across 50 countries | #utu

Founded 2016 Singapore Singapore 379 employees Series B Total: $55.00M

General Information

Company Name utu
Founded Year 2016
Location Singapore Singapore +2
Employees 379
Funding Stage Series B
Social

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About utu

utu

utu is a travel technology company founded in 2016 and headquartered in Singapore. The company's mission is to transform the global travel experience for tourists by maximizing the value of their trips through higher VAT and GST tax refunds. utu offers a unique proposition by allowing travelers to convert their VAT refunds into Frequent Flyer Miles or a utu Privilege, achieving up to a 40% upsize across 50 countries.

By integrating tax refunds with the travel ecosystem, utu bridges the worlds of refunds and rewards, partnering with major airlines, retail stores, and hotels. The company enables global shoppers to upsize their refunds from any refund operator across participating countries, including France, Italy, Germany, Singapore, South Korea, and the UAE.

The latest development for utu is the $33.00M Series B investment from SC Ventures in June 26, 2023. With offices in France, Italy, Thailand, Dubai, and India, utu is well-positioned to expand its footprint and enhance the travel experience for tourists worldwide.

For more information, visit https://www.utu.global.

Taxonomy: Travel Technology, Tax Refund, Tourism, Rewards Program, Global Travel, Frequent Flyer Miles, Mobile App, Hospitality, International Expansion, Technology Startups

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series B β€’β€’β€’β€’β€’β€’ 1
Investor
26 Jun 2023
Series A β€’β€’β€’β€’β€’β€’ 1 β€’β€’β€’β€’ β€’β€’β€’β€’ 01 Jan 2021
Seed Round β€’β€’β€’β€’β€’β€’ - 01 Jan 2015

utu Alternatives & Competitors

utu vs
vatfree.com
vatfree.com The Netherlands

Empowering you in tax-free shopping

10 employees
E-Commerce, Hospitality
utu vs

Welcome to the Woonivers revolution: the first app for a 100% mobile Tax-Free solution.

Series A
9 employees
Finance, Financial Services

FAQ About utu

🌎 World's first to transform your VAT refund into Frequent Flyer Miles. | up to 40% upsize across 50 countries | #utu
utu was founded in 2016.
utu is headquartered in Singapore.
utu has approximately 379 employees.
utu has completed 3 funding rounds, raising a total of $55.00M. The latest funding stage is Series B.
Top alternatives and competitors to utu include vatfree.com, Woonivers. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
utu and vatfree.com are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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