Pax

Pax is revolutionizing tariff refunds, also known as duty drawback, for retailers and manufacturers through the power of artificial intelligence. Launched just four weeks ago, Pax has already secured approximately $200,000 in contracts, demonstrating the immediate market need for its innovative solution.

Annually, a staggering 80% of eligible tariff refunds, amounting to $15 billion, go unclaimed. Pax is pioneering the way as the first AI-driven broker specifically designed to assist brands with revenues under $50 million in recovering 3-5% of their revenue. Leveraging sophisticated algorithms, Pax delivers 15% more refunds compared to the industry's leading competitor while simultaneously slashing processing times by an impressive 99% through AI-powered automation.

The company is founded by Penny, a PhD graduate from MIT and former research scientist at Amazon & Flexport, where she gained firsthand experience with the challenges of tariff refunds, and Chris, a seasoned second-time founder and former software engineer at Amazon, Brex, and TikTok.