(Photo: Refundit)

(Photo: Refundit)

By Alon Einhorn - January 24, 2019

Refundit, an Israeli startup which revolutionizes the field of tax-free shopping for tourists, has won the first place prize in the World Tourism Organization travel-tech competition on Thursday.

The global travel-tech competition, held for the first time, by the United Nations World Tourism Organization (UNWTO) in partnership with Globalia, the leading tourism group in Spain and Latin America, sought innovative startups capable of transforming the way people travel and experience tourism, while adhering closely to the principles of sustainability (economic, social, and environmental).

A total of 2,771 companies from 132 countries submitted their candidacy for the competition, while out of the ten finalists, four of them were Israeli, but there can only be one winner.

Read More: Jerusalem Post