a year ago
Haz Raises €1.2 Million to Fuel AI-Powered Social Commerce Platform
Haz, a London-based AI social commerce app, has raised €1.2 million in pre-seed funding led by Speedinvest
The funding will be used to develop Haz's proprietary AI technology and launch the platform in the UK before expanding across Europe
Haz aims to capitalize on the growing demand in the second-hand market by making it easier for people to turn unwanted items into cash and connect with like-minded individuals
The app uses AI to scan digital receipts in users' email inboxes, creating a seamless resale experience.
ProblemTechnology
"Reselling items is time-consuming and consumers lack the data to make informed resale decisions."
Solution
"Haz uses AI to scan digital receipts in users' email inboxes, automatically digitizing the things they own from the point of purchase. This allows users to receive offers on items they haven't actively listed for sale, making it easier and safer to turn unwanted items into cash."