Pax — TurboTax for Import Duty Rebate
Location: San Francisco, CA, USA
Industry: B2B -> Supply Chain and Logistics
Tags: Artificial Intelligence, Fintech, Compliance, Supply Chain
YC batch: S24 | Status: Active | Team size: 2

Pax uses AI to automate import tax refunds (aka duty drawback) for retailers and manufacturers. We launched 4 weeks ago and have ~$200K in contracts.

Each year, 80% of eligible refunds—equivalent to $11B—go unclaimed. Pax is the first AI-powered broker helping brands under $50M reclaim 3-5% of their revenue. Our algorithms generate 15% more refunds than the industry leader and reduce processing time by 99% with AI.

Pax was founded by Penny, an MIT PhD who encountered the duty drawback problem firsthand at Flexport, and Chris, a second-time founder and engineer with experience at Amazon, Brex, and TikTok.