Thriftify to help more charity shops open up online with €500,000 funding
Summary
Led by Elkstone Partners and Enterprise Ireland, the financing round will be used to accelerate the roll-out of Thriftify’s platform in the UK and expand current trials with charity retailers there. Charities such as the National Council for the Blind Ireland (NCBI), the Dublin Simon Community, the Irish Cancer Society and Oxfam are already selling items via the Thriftify platform. The combination of this with an intelligent pricing algorithm, inventory management, integrated fulfilment, and analytics and reporting features, means the platform can provide a low barrier of entry for charity retailers into e-commerce. Because of this, they end up paying for the disposal of valuable items.” A recent report on Covid-19 and e-commerce from the United Nations Conference on Trade and Development said that the pandemic has changed online shopping behaviours forever. “In the post-Covid-19 world, the unparalleled growth of e-commerce will disrupt national and international retail frameworks,” said Carlo Terreni, president of NetComm Suisse eCommerce Association, in response to the report.