As we enter the season for tax-efficient investment planning, here at GBI Magazine we are showcasing the most innovative and ground-breaking companies backed by SEIS/EIS funding this year. These companies are supported by a variety of leading fund advisers in the UK, including Nova Growth Capital, who have selected some of the most exciting start-ups in the Nova Cofoundery SEIS & EIS Fund.
Today we are spotlighting THRIFT, a digital marketplace tool which aims to optimise the process of selling second hand items online. THRIFT allows retailers to easily review, compare and sell items across multiple marketplaces, providing a connecting infrastructure to help streamline the process when researching the best resale price.
Founder Mark O’Hara explained that “Reselling items online was so painful, always second guessing how much to charge, and what would be the best site to sell on. The research involved for each item could take hours and you’d still feel like you were guessing. That’s what I wanted to solve, that’s why I founded THRIFT. We are making the resale economy more transparent.”
Backed by Nova Cofoundery SEIS & EIS Fund, THRIFT is becoming an increasingly comprehensive tool which analyses over 1 billion listings, across 3 marketplaces in under 10 seconds. Second hand resellers earn 36% more and price items 21x quicker using the platform.
To find out more about the Nova Cofoundery SEIS & EIS Fund, please get in touch with Nova here and they will get in touch with further information and research.