Outpost, which was founded by former Revolut executive Will Mahon-Heap, has raised €15 million in a Series A led by Ribbit to grow its AI-powered global retail platform.

Outpost, a London-based AI-powered platform that helps retailers sell internationally without worrying about compliance, has received €15 million ($17.5 million) in a Series A funding round to increase its worldwide reach and speed up product development.

Better Tomorrow Ventures, an existing investor that led Outpost's €2.5 million Seed round less than a year ago, participated in the round, which was led by Ribbit. Executives from companies including Revolut, Uber, Affirm, Airwallex and Checkout were among the angel investors that contributed to the funding.

Outpost was founded in 2024 by CEO Will Mahon-Heap, who formerly oversaw international expansion at Revolut. The company's main goal is to make cross-border business transactions easier for online companies. By managing payment processing, tax duties, and regulatory compliance on behalf of merchants, the company's platform eliminates operational complexity.

Mahon-Heap states that growing trade obstacles, taxes and disjointed laws have made international trade more challenging for businesses hoping to grow worldwide. By providing infrastructure that enables companies to sell overseas with the same ease as domestic transactions, Outpost seeks to overcome these issues.

The platform functions as a legally responsible body for taxes, payments, and compliance across several jurisdictions. To automatically apply the proper tax treatments and customs classifications, our unique AI engine is trained on millions of pages of trade legislation and keeps track of over 20,000 tax rates worldwide.

Additionally, Outpost keeps specialized regional entities in every area it serves, allowing retailers to handle transactions via local payment rails as opposed to international ones. According to claims, this method lowers processing costs while increasing payment approval rates by around ten percent.

Currently, the company supports consumer software companies, cross-border e-commerce brands, subscription platforms, and merchants operating in Europe, North America, Latin America, and Asia.

Outpost provides two main services: Tax of Record, where the platform takes care of VAT, GST, and sales tax compliance worldwide, and Merchant of Record, which creates a local selling entity for companies.

Outpost aims to use the surplus funds to grow its workforce, broaden its jurisdictional reach, and scale its infrastructure in order to satisfy the rising demand for cross-border commerce solutions.