Online Marketplace Fyndiq Receives New Investments to Become Sweden’s Amazon for Bargain Deals

Stockholm: Fyndiq is one of Sweden’s fastest growing online marketplaces, with over satisfied 500,000 customers to date. The platform is mainly oriented towards electronics and other household products that buyers can purchase for the best prices.

Fyndiq works by bringing together sellers who want to move their inventories faster and buyers on the lookout for better deals. Sellers list their items on Fyndiq, where buyers can find them with ease, and Fyndiq gets 5% of every transaction taking place on their platform. The whole selling and delivery process is handled by the seller. Otherwise, there are no other obligations for sellers, which makes the platform quite popular with electronics and household products dealers.

 

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Dutch Couponing app Scoupy introduces Cash-back feature

Amsterdam: Scoupy, the Dutch mobile couponing app, that claims to have more than 750.000 registered users, launched a so-called cash back system. Users receive their cashback within 48 hours, directly from the advertiser. Wilkinson Sword will be the first partner. Scoupy claims no promotional packages will be needed this way.

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French Mobile Couponing app Plyce raises €1.5 Million

Paris: Geo-localized mobile shopping networking Plyce announced to have raised €1.5 Million from Caloga & BpiFrance. The funding comes on top of a 2011 $850K seed round raised from Orkos Capital, Jaina Capital & others. Founded in 2010 by Bruno Massiet du Biest, Mickaël Arias & Paul Wourlod, the startup today has shifted focus towards “drive to store” on mobile, enabling mobile shoppers to order on the go.

 "Thanks to this money , we can now further develop our product as well as our business”, says Plyce  president Bruno Massiet du Biest. “We need to improve the customer experience, working on topics such as the iBeacon and NFC to ensure traceability of the coupon. The goal is to be able to trace the circuit of a coupon and be able to 'burn' this coupon, if  one and the same coupon can only be used once, "he explains. Three people will be recruited in the coming weeks: one to develop the back office and two commercial people.

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Two Million Euros in Funding for Dutch Couponing App Scoupy

Amsterdam: Today Dutch couponing app Scoupy announced that one of its two main investors  Netwerk VSP will sell its shares to the other shareholders Sanoma Ventures and Gennie Freen Productions. The latter two will jointly invest 2 million euros to speed-up growth. It has not been disclosed at what price the Netwerk VSP exit was valued.

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