Re-commerce platform Swap raises $1.25m seed funding
Summary
Swap, being the first ever re-commerce platform in Bangladesh, solves the problem by offering customers both convenience and safety, while ensuring guaranteed selling of old product from their doorstep in less than 24 hours, according to a press release. The platform enables many low-income earners to purchase, sell and exchange products – increasing economic participation and technology accessibility in emerging markets. Swap also aims to become a market leader and a global example of success for the circular economy approach and sustainable e-waste management venture. Swap has introduced first ever cross category exchange platform to facilitate the quickest upgradation program from even one category to another, certified pre-owned products for consumers at as low as 60% of retail value with 1 year full warranty and insurance coverage including liquid and accidental damage and has enabled over 3,000 agents with additional income source in the country. We look forward to seeing SWAP continue its rapid business expansion for years to come,” Accelerating Asia general partner Craig Bristol Dixon said.