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Swapabee

Exchange platform for a sustainable circular economy!

United Kingdom
Market: Internet and IT
Stage of the project: Operating business

Date of last change: 19.06.2020
Min investment
$  100.000
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Total required
$ 90.000
Rating
equalizer из 1000
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Idea

A Sustainable exchange platform for a clutter-free world. Swapabee's patented Matching Algorithm matches you with exactly what you want. Turn that old junk in your home into collateral!

Current Status

1000 visitors a day
Partnership with 6 high schools and 3 universities

Problem or Opportunity

The average household in the UK produces more than a tonne of waste every year. Put together, this comes to a total of 31 million tonnes per year, equivalent to the weight of three and a half million double-decker buses, a queue of which would go around the world two and a half times.

Solution (product or service)

Say you are at home relaxing, watching TV or reading a book like always and you see your old PlayStation or your old mobile phone. Take a picture of your old PlayStation/phone and you say this PlayStation/phone is worth £50.00 to me. The app Swapabee finds you something to swap it for, Swapabee has a very unique algorithm that will match you 5 things you can swap your PlayStation/phone for. We also have a tremendously diverse range on our algorithm so you could end up swapping an old football trophy for that Kings Of Leon album you always wanted.
Smart! Isn’t it?

HOW WE MAKE MONEY

When you use the app the first swap is free. After this, you will either need to invite 3 friends on social media for each listing or pay a £1.00 listing fee.

Competitors

Gumtree and ebay

Advantages or differentiators

We have a patentable matching algorithm that matches our users with exactly what they need due to their likes and preferences.

Money will be spent on

scaling and student ambassador salaries

Offer for investor

150000 for 20% of company SEIS

Incubation/Acceleration programs accomplishment

Won the ocean outdoors prize for 100000 worth of billboard advertising

Photos

Photo 1 - Exchange platform for a sustainable circular economy!

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video