Way2VAT Secures $4M to Maximize AI-Powered VAT Refunds

RBC VAT has secured $4,000,000 in new investment from investors, the company announced today. This funding round marks a significant milestone for the firm, which specializes in simplifying VAT reclaim for businesses with international operations. RBC VAT leverages AI-powered efficiency to help clients recover VAT charged on foreign supplier invoices and travel expenses. This service is crucial for VAT-registered businesses dealing with foreign suppliers, participating in international tradeshows, or managing foreign employee travel and entertainment costs. The company's solution covers numerous regions, including Europe, Japan, South Korea, Canada, Australia, New Zealand, and the Middle East, with partnerships in over 50 jurisdictions globally. By turning VAT refunds into a valuable cash flow driver, RBC VAT enables businesses to boost cash flow, reduce expenses, and potentially save up to 30% on operational costs through its end-to-end recovery service. This substantial capital infusion underscores investor confidence in RBC VAT's innovative approach to financial efficiency. The company plans to strategically deploy the $4,000,000 to accelerate its growth initiatives. Key areas for investment include further development of its proprietary AI technology, expanding its end-to-end VAT recovery service into new markets, and enhancing its seamless integration capabilities with major expense management software. The funds will also support efforts to provide real-time reporting and effortlessly manage all claim documents for a growing international client base. With this new funding, RBC VAT aims to strengthen its market position and expand its reach to more businesses grappling with complex international tax recovery. The capital will enable the company to continue its mission of making VAT reclaim simple and impactful, fostering greater financial efficiency and substantial cost savings for its global clientele.