Pax develops an AI-powered duty drawback platform that partners with customs brokers and technology providers to streamline the refund process for importers and exporters. Its proprietary refund-maximization algorithm analyzes shipment data to identify every recoverable dollar and accelerate repayment timelines. The solution is positioned for companies of all sizes, promising seamless collaboration across stakeholders. Led by CEO Penny Chen, Pax emphasizes automating previously manual compliance steps to reduce errors and boost cash recovery. The company plans to use newly secured capital to hire additional staff, enhance its platform’s capabilities, and broaden market coverage. To date, Pax has raised $4.5 million in outside funding, reflecting early investor confidence in its approach to customs duty recovery.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2025