5 years ago

OnBuy Secures £3 Million to Fuel International Expansion

  • Online marketplace OnBuy has raised £3 million in a funding round

  • The UK-based startup was recently named the fastest-growing company in the UK, according to SimilarWeb's April 2020 report

  • OnBuy offers competitive prices on millions of products from thousands of online retailers

  • The company plans to use the funding to expand into 42 new countries.

      • ProblemRetail

      "Existing online marketplaces often compete with their sellers, creating a conflict of interest and potentially limiting seller growth."

      Solution

      "OnBuy is an online marketplace that prioritizes its sellers by not competing with them, holding stock, or selling its own products. This allows OnBuy to focus on growing its customer base and driving sales to its partnered sellers, fostering a more collaborative and beneficial ecosystem."

      Covered on