The world is facing the accumulation of waste, which is not a good thing for those of us who live on planet earth! Many startups have come into existence to make this planet a sustainable place to live. Swapabee is a Greentech startup in the UK that works to limit the production of waste products.
Last year, the UK produced 31 million tonnes of waste and this year’s number is even higher than that. Swapabee has become a popular startup among thousands of users across the UK and the USA. The Tinder of Swaps works on the motto, “Swap it, don’t drop it.”
Swapabee makes UK citizens conscious consumers. The Swapabee app has got great popularity as it is effortless to use for everyone. The app is straightforward to use for any person. The process of swapping involves snapping a photo, setting up the pickup location, choose the person to swap with, and messaging each other to complete the swap. Thus, a person can remove unused items from his house and obtain useful items through swapping. In addition, Swapabee helps people save money as they can meet their needs by exchanging old items
Voted in the 50 best up-and-coming UK startups 2019 Swapabee has had constant growth. Growth that has taken Swapabee to a pre-valuation at $2,000,000. During the pandemic, the Swapabee app usage grew by 300% as people focused on swapping goods rather than buying new ones.
The startup is now running a seed funding round on SEEDRS this winter in preparation for its new app, which has 10 more exciting new features. The eco-friendly brand was awarded the most Sustainable App in 2019 due to its brilliant algorithm and exchange goods platform. It contributes to the growth of the circular economy and it is working towards sustainability by meeting two of the UN’s Sustainable Development Goals. Its efforts for the launch of Swapabee USA were helped by popular TikTok celebrity @trademeprojekt who posted a video promoting swapabee as the place to swap. The video was seen by 4.2 million swap fans around the world. The USA which produces 237 million tonnes of wase a year is in sore need of ways to reduce waste.
Recently, Swapabee won an investment pitch competition led by many renowned personalities. It stood the winner of an investment pitch competition run by Founders Tribes. The competition was headed by Gary Stewart (Founders Tribes), Jen L Wong (COO of Reddit), Bindi Karla (Draper Espirit), Matt Turck (First Mark Capital, Srin Madipalli (Atomico), Rustin Brown (Manatt, Phelps & Phillips, LLP), and Yvonne Bajela (Impact X Capital). The startup won the pitch ahead of 100 other companies from the UK.
