Dubai – Sharikat Mubasher: UAE-based venture capital firm AngelSpark announced a new investment in Inovat, a digital platform that simplifies tax refunds for international travelers.

According to AngelSpark’s announcement on LinkedIn, the funding is expected to help Inovat expand its operations and reach more travelers worldwide. The company offers a fast, paperless way to claim tax refunds simply by taking a photo of the receipt, eliminating the time-consuming traditional process.

A standout feature of Inovat is its extensive distribution network. By integrating via API with leading banks and travel companies, the service becomes available directly within the apps travelers already use. This seamless integration enhances the user experience and boosts efficiency, allowing customers to manage tax-free shopping directly through their banking or travel apps.

AngelSpark’s investment comes amid growing demand for digital solutions in the travel and shopping sectors, positioning Inovat to capitalize on the shift toward convenience-driven services.