Wallapop, a Spanish platform for the purchase and sale of second-hand goods, lands in Italy. Unlike other apps, Wallapop, active in Spain for 8 years and with the forecast of closing the year with about 50 million in revenues, does not ask for commissions and earns from advertising and value-added services. «Wallapop shipping is our intermediary service and will allow Italian users to purchase products in Spain – explains Rob Cassedy, CEO of the company -. In a second time there will be specific solutions for SMEs and professional sellers in the motor, property and service categories, as well as pay solutions to increase the visibility of advertisements ».
As for tomorrow, Cassedy aims at consolidating and retaining the app «by attracting users who feed trade within Italy – he explains -. The goal is to increase the local offer so that the platform can reach large ad volumes from the first year ». In more than eight years of operation in Spain the company has created a community with 15 million advertisers who have given a second life to over 180 million items, offering an easy and convenient way to buy and sell items that are no longer used. In February, the company received a $ 157 million round of financing led by the VC Korelya Capital fund and backed by Naver, the leading Korean internet company. With this operation, the value of the company reached 690 million euros, the highest in the history of the start-up. “These resources have allowed us to expand in Italy and continue to provide a very high level of service to our community – concludes Cassedy -. We are really pleased with the evolution of Wallapop and the trust our investors have placed in the business. We are a solid, growing company and have a promising future ».
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