STAMP secures €4M to power next-gen Tax Free for global shoppers

Madrid-based STAMP has raised €4 million
in a funding round led by Dozen, with participation from EBISU Digital, Barça
Innovation Hub, and several international business angels, including Andreas
Mihalovits and Thibaut Courtois through his investment arm NXTplay.

In addition to private capital, the
company has secured public grants from the Spanish Ministry of Industry and
Tourism, the City of Valencia, the Community of Madrid, and the City of Madrid,
reflecting alignment with public initiatives focused on digitalisation,
tourism, and the modernisation of commerce.

STAMP addresses long-standing
inefficiencies in traditional VAT refund systems, which are typically based on
post-purchase reimbursements, intermediaries, and complex processes. Its
technology applies tax benefits directly at the point of sale, digitally
integrating them into the payment experience in compliance with European
regulations.

The model adapts to each country’s fiscal
framework. In markets such as Italy, where regulation allows, purchases can be
made VAT-exempt at checkout. In others, including Spain, VAT is included on the
invoice, but customers receive an immediate discount equivalent to the VAT
amount at the moment of payment. STAMP then validates transactions, ensures
traceability, and manages tax recovery, including fraud scenarios, enabling
merchants to reimburse tax authorities without assuming fiscal risk.

By reducing payment friction and
simplifying access to Tax Free benefits, the platform allows merchants to use
Tax Free as an effective commercial tool, supporting higher conversion rates,
larger basket sizes, and improved shopping experiences for international
customers. Through its integrated Tax Free and payments platform, STAMP
connects European retailers with global travellers and acts as a strategic
marketing and payments partner for WeChat and Alipay.

“Tax Free, as applied until now, has
operated more as an administrative procedure than as an automatic consumer
right. When that friction is removed, customer behaviour changes, and merchants
regain control over both the shopping experience and their margins,” said Abel Navajas, CEO of STAMP.

STAMP delivers, for the first time, a real Tax Free
model that does not require regulatory change, provides maximum security and
prevents fraud.

According to Navajas, the funding round
strengthens the company’s ability to execute its roadmap and advance its
mission of enabling merchants in Southern Europe to better serve international
customers by streamlining payments and turning Tax Free into a tangible
purchase incentive.

The funds will be primarily used to
support expansion in Spain, Italy, and Portugal, and to further develop the
company’s product portfolio, with a focus on advanced international payment
solutions and the launch of a new AI-based product.