Scrapays, founded in 2019, is a Cleantech Startup that innovates in the recycling sector by integrating technology with financial incentives. Their slogan, "Empowering Urban Recycling with Seamless Technology and Financial Rewards," reflects their mission to enhance recycling operations for the urban population working in the industry, particularly collectors and agents.
This platform stands out by offering on-demand material recovery services through a multi-faceted approach that includes USSD, IoT, and mobile technologies. One of its unique attributes is the decentralized network, allowing agents to list spaces as temporary recyclable hosting locations, akin to an Airbnb model, and collectors to function like Uber drivers in designated zones.
The company recently secured seed investment from Catalyst Fund in early February 2024, signaling strong confidence in their business model, which promises financial benefits for individuals and enterprises involved in waste recovery. This investment positions Scrapays to expand its influence in sustainable urban recycling solutions.
