George Moroianu
CEO / Co-Founder
Flip
The startup operates a second-hand electronics marketplace that ensures safe and transparent transactions through a platform featuring technically verified products with warranties. By facilitating direct connections between buyers and sellers, the company addresses concerns over product reliability and delivery logistics in the used electronics market.
- Applications
- Commerce & Shopping
- Software Only
Updated 5 months ago
Funding
Raised to date
$7.3MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Alex Burghelia
Co-Founder
Product
Problem
Selling used electronics can be difficult due to concerns about product quality, fair pricing, and secure transactions. Buyers often worry about hidden defects or inaccurate descriptions, while sellers face challenges in reaching a broad audience and ensuring prompt payment.
Solution
Flip.ro operates a marketplace for pre-owned and refurbished electronics, providing a secure and transparent platform for both buyers and sellers. The company addresses the lack of trust in the second-hand market by thoroughly verifying the technical condition of each device, offering warranties, and managing the logistics of delivery. Sellers can quickly obtain a valuation for their devices, ship them for free, and receive payment via a fast, reliable system. Buyers benefit from detailed product listings, quality assurance, and a straightforward return policy, creating a near-new buying experience.
Target Audience
The primary audience includes individual consumers looking to buy or sell used smartphones, tablets, laptops, and smartwatches, as well as businesses seeking a reliable platform for trading in bulk.
Features
- Comprehensive technical verification process involving up to 67 hardware, software, and cosmetic condition tests
- Grading system to classify devices as "Like New," "Excellent," "Very Good," or "Good"
- Two-year warranty on all devices
- Free 30-day return policy
- Option for installment payments
- Free shipping for sellers
- Two selling options: "Instant Sale" for quick payment or "Normal Sale" for a potentially higher price
- Refurbishment using certified parts when necessary