Swapit Raises Additional Funding

swapitSwapit, a Hong Kong-based hyper-local marketplace for trading used items, raised an undisclosed amount of funding from private equity investors.

The company intends to use the capital, which follows a seed round raised from Aria Ventures in December 2015, to continue to grow in Hong Kong, regional market expansion regionally and further invest in its proprietary technology platform.

Founded in 2015 and led by Patrick Kosiol, CEO, Swapit operates a mobile marketplace that connects buyers and sellers who are already nearby each other to trade used items in real-time.
The company has been accepted into accelerator programs, such as SoftLayer Catalyst, Microsoft BizSpark and Facebook’s FbStart, which provide access to over US$200,000 worth of products and services.



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