Menu
Menu
Pie Systems
Providing a digital platform that makes it easier, faster and more secure to claim VAT refunds.
- Fintech, SaaS, Traveltech
- Series A
Location
Denmark, Norway, US (San Francisco), Japan
Revenue size
EUR 10,000 - 99,999
Year founded
2018
Funding raised
EUR 2.5 Million
Founders
Sunny Long, Dominic Sheehy
Most relevant investors
Green Visor, Digital Garage, Bumble
Team size
No. of employees: 10
Problem
Tax-free shopping is a privilege enjoyed by many tourists nowadays. However, claiming a tax refund is often complicated and mired in queuing, delays, and red tape. Pie Systems offers a digital solution to simplify and automate the tax refund process.
SOLUTION
The free mobile app Pie VAT enables tourists to claim refunds on their mobile devices without having to wait in long lines at refund offices. Furthermore, customers can save money ,thanks to significantly lower fees than conventional refund service providers.
For shopkeepers, Pie Systems’ platform is a transparent and flexible way of initiating and tracking refunds. The map integrated in the app enables the shop to be easily identified, and offers possibilities for targeted marketing for tourists.
KEY CUSTOMERS & INTERNATIONAL PRESENCE
Pie Systems is presently having operations in Denmark, Norway, Sweden, and Japan.
Team
Pie has a dynamic team distributed globally across four continents and a diverse mix of backgrounds. They are all passionate about travel and tourism as they work together to help to delight tourists with our product.
Asia Connection
Japan is the third largest global tax-free refund market, and therefore represents a huge market opportunity for Pie Systems. To date, Pie Systems have signed contracts with Japanese building management companies managing 15,000 retail stores. Now they are looking for distribution partners, clients, funding, and new talent to join the team across East Asia to enhance their presence in the region.
Pitch
