Platform for automated digital VAT refunds for international travelers.
Founders
Funding Rounds
Investors: AngelSpark
Investor's own announcement of an undisclosed angel-network investment; LinkedIn post ID dates it to ~9 June 2025 and the fwd:start newsletter of 13 June 2025 carried it. Crunchbase instead dates a round to 5 Sep 2025 with AngelSpark and VentureSouq — likely the same round; VentureSouq's participation is aggregator-only (also listed on PitchBook) and not confirmed by VentureSouq itself. Also: https://www.fwdstart.me/p/talabat-talks-saudi-stargate-stalls Confidence: confirmed (round 13, AngelSpark (investor LinkedIn)).
Investors: First Abu Dhabi Bank, Mastercard
Non-dilutive $100,000 cash prize as winner of the second FAB Forward Fintech Challenge (135+ entries), plus a proof-of-concept with FAB. Recorded as a grant, not equity. Also: https://www.zawya.com/en/press-release/companies-news/inovat-wins-fab-forward-fintech-challenge-run-by-first-abu-dhabi-bank-and-mastercard-qc81m1v0 https://www.finextra.com/pressarticle/106341/first-abu-dhabi-bank-and-mastercard-name-winner-of-fab-forward-fintech-challenge Confidence: confirmed (round 13, Mastercard (press release)).
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