What it sells
First API solution for tax returns.
Business model breakdown
Buyer: who owns the budget?
UnverifiedBank product / card partnership teams.
Trigger: what makes them buy now?
Banks want card usage and a new revenue stream; travelers lose VAT to forms and 35-70% agent fees.
Workflow: what inputs become what output?
Form-free automated VAT reclaim via web-app or native API integration into banking apps; money returned to card.
Economics: what it saves and how it charges
UnverifiedTakes a fee on reclaimed VAT (competitors 35-70%), share of revenue with bank partners.
Distribution: how it reaches customers
Bank partnerships (B2B2C).
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Winter 2020 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.