Norway
Trusted Brands is a Norway-based startup offering a groundbreaking digital tool that facilitates retailers in capitalizing on their customers' pre-owned clothing through gift vouchers. Launched in 2018, the company aligns with the E-Commerce, Fashion, Information Technology, and Sustainability sectors, exemplifying its commitment to innovation, style, and environmental consciousness. The startup's mission is underscored by their slogan: "Trusted Brands' digital tool helps retailers earn money from customers' used clothing through gift vouchers."
Their unique program not only streamlines the monetization of second-hand apparel for retailers but also fosters customer loyalty by incentivizing return visits to partner establishments. By promoting the exchange of old garments for gift certificates, Trusted Brands encourages a conscious and sustainable approach to shopping, while reinforcing the bond between consumers and brands. This innovative approach showcases the company's dedication to ethical practices and environmental responsibility, contributing to increased profits from the booming second-hand commerce market.
The latest milestone for Trusted Brands occurred on 01 April 2020 with a noteworthy $67.00K Seed Round investment. The backing of undisclosed investors signifies confidence in the startup's potential to disrupt traditional retail models and carve a niche in the digital sustainability landscape.
