Wallapop is a mobile-based shopping platform intended to connect buyers and sellers online. The platform includes a mobile marketplace to sell new and second-hand goods that provide a catalog of numerous published advertisements that help people to buy and sell second-hand items.
The company has picked up $87.4 million and intends to invest the fresh funding into its operations in Spain, Italy and Portugal. Wallapop also plans to put more into data science and other areas of R&D – critical given that discovery, personalization and other tools to connect buyers with items they want are essential for people to come back and use Wallapop again and again.
Wallapop, Barcelona, Spain, was founded by Miguel Vicente, Agustín Gómez, Gerard Olivé in 2014. The platform currently sees traffic of 15 million monthly active customers. “In the past years, Wallapop’s expansion efforts have allowed more and more people to benefit from our fundamental purpose – facilitating a more conscious and human way of consumption that creates economic opportunities for people – which in today’s socio-economic environment remains as relevant as ever,” said Rob Cassedy, CEO of Wallapop.