Stamp Italy Srl

Stamp Italy Srl specializes in tax-free shopping services, allowing travelers to save VAT upfront on purchases at partner stores, simplifying the tax refund experience and enhancing customer satisfaction. Founded in 2017 and headquartered in Milan, Italy, Stamp Italy Srl offers a unique tax-free shopping service for international travelers. The company was founded by Wagner Eleuteri. In May 2019, Stamp raised EUR 1.

7 million in venture funding from investors including ZhenFund and b2venture. The total amount raised by the company amounts to EUR 1. 7 million, coinciding with their latest funding round. Stamp offers a unique tax-free shopping service that enables travelers to save 100% of VAT upfront when shopping at partner stores.

The core offering aims to eliminate the complexities associated with traditional tax refund processes, such as refund fees, queues, and paperwork. By utilizing the Stamp app, users can easily locate participating stores across multiple European countries, including Italy, where the service is currently active. Customers validate their invoices at EU Customs with their unused goods, bypassing the need for conventional tax refund desks. The primary customer base includes international travelers seeking a more efficient shopping experience, as well as merchant partners who benefit from streamlined tax procedures, improving both customer satisfaction and operational efficiency.

Stamp generates revenue through a transparent fee structure that applies to individual transactions. For instance, customers making purchases between EUR 70 and EUR 150 incur a fee of EUR 1. 49, while purchases exceeding EUR 20,000 are charged a fee of only 1% of their total invoice amount. This pricing model allows for direct-to-consumer transactions as travelers shop at partner stores.

The company facilitates a straightforward payment process, where customers pay without VAT directly in-store, with fees inclusive of VAT, eliminating hidden costs. Through its innovative approach, Stamp aims to establish itself as a market leader in the tax-free shopping sector, providing value to its users while fostering partnerships with retail establishments across Europe. In May 2019, Stamp Italy Srl raised EUR 1. 7 million in funding, which will be strategically utilized to enhance its service offerings and expand into new markets.

The company is currently focused on increasing its presence across more European countries, targeting markets such as France and Spain for expansion within the next 18 months. With these initiatives, Stamp aims to improve its customer experience and broaden its reach in the tax-free shopping sector.