Fyndiq scales up to more than €21M in turnover last year
The Bargain Super Store Fyndiq scaled up to a turnover of more than €21M in 2014, nearly 2M products bought on the marketplace.
Fyndiq, the marketplace for bargain products, was growing rapidly in 2014. Nearly 2M products was bought by bargain hunters from about 1500 merchants. The company had an turnover during the year of more than €21M and over €18M was paid to the merchants.
– “I’m very proud of our achievements in 2014 and confident that we will continue our path in 2015 to become the best way for merchants to sell their bargain products and the absolute top choice for bargain hunters”, said Fredrik Norberg, CMO & co-founder.
In 2014 the Swedish startup raised money from Northzone and Industrifonden, adding 150M SEK (about €16M) to fuel growth and internationalisation.
– ”With our new investors and our growing very excellent team onboard I’m very keen on our next moves in 2015, it will be our most exciting year so far! Internationalisation, new office in Stockholm and more platform integrations are some of the things we are focusing on right now”, said Dinesh Nayar, CEO & co-founder.
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