The company intends to use the funds for international business growth entering new countries quickly.
Founded in early 2014 and led by Thijs Bosgoed, CEO, BuyBay offers a total solution for returned products in e-commerce, targeted at retailers, distributors and brands. BuyBay evaluates the visual and technical condition of the product and, if appropriate, performs repairs. The return products are then automatically offered to consumers again as second hand, thanks to the in-house developed software.
BuyBay currently has approximately 50 employees while customers include top Dutch retailers and e-tailers.