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Thrift® logo — Know what any item is worth on the resale market, and where...

Thrift®

Know what any item is worth on the resale market, and where to sell it.

Founded 2018 United Kingdom Liverpool, United Kingdom 7 employees Seed Total: $239.61K Retail

General Information

Company Name Thrift®
Founded Year 2018
Location United Kingdom Liverpool, United Kingdom +1
Employees 7
Industries Retail
Funding Stage Seed
Social

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About Thrift®

Thrift® is a UK-based startup that aims to revolutionize the resale market by providing sellers with insights into the value of their items and guiding them on where to sell. The platform, specializing in non-barcoded items, utilizes proprietary algorithms to ensure 99% accuracy by cleaning data from each marketplace. Through trials with Charity Retailers, using Thrift resulted in impressive outcomes such as a 27x faster item pricing, a 55% decrease in unsold items, and a 29% increase in the average selling price. Additionally, sellers achieved within 11% of the price shown by Thrift 95% of the time. The company, founded in 2017, recently secured a £14.61K Seed Round investment on 31 March 2022 from Nova Growth Capital. Thrift offers a promising solution for the retail sector to enhance efficiency and effectiveness in pricing the second-hand market. If you are part of this sector, reaching out to the Thrift team could offer valuable insights for your business.

Taxonomy: resale market, second-hand market, pricing algorithms, retail efficiency, thrift, pricing optimization, non-barcoded items, charity retailers, resale value, selling platforms, retail sector, data accuracy, resale pricing

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 1
Investor
31 Mar 2022
Pre Seed Round •••••• 1
Investor
31 Mar 2021
Pre Seed Round •••••• 1
Investor
05 Jan 2021
Pre Seed Round •••••• 1
Investor
12 Nov 2020
Pre Seed Round •••••• 1
Investor
03 Apr 2020

Thrift® Alternatives & Competitors

Thrift® vs
Loma
Loma United Kingdom

Using AI to unblock resale's biggest bottleneck.

Pre Seed
4 employees
Big Data, E-Commerce
Thrift® vs
Netrivals
Netrivals Spain

Powerful pricing data for e-commerce and brands. Stay competitive. Protect your margin. Boost your c...

Seed
24 employees
E-Commerce, Fintech
Compare Thrift® vs Netrivals
Thrift® vs
Loopster
Loopster

Effortlessly buy and sell second-hand kids' clothes while promoting sustainability.

E-Commerce

FAQ About Thrift®

Know what any item is worth on the resale market, and where to sell it.
Thrift® was founded in 2018.
Thrift® is headquartered in Liverpool, United Kingdom.
Thrift® operates in the following industries: Retail.
Thrift® has approximately 7 employees.
Thrift® has completed 5 funding rounds, raising a total of $239.61K. The latest funding stage is Seed.
Top alternatives and competitors to Thrift® include Loma, Netrivals, Loopster, STAGE FRONT, Best Consignment Shop Software. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Thrift® and Loma are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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