{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/c8d318e745764cc5861fd23bb553f594\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/c8d318e745764cc5861fd23bb553f594-1697195191966.gif","duration":209.882,"title":"Faircado 3 min Pitch - Slush - Oct 2023","description":"INTRO\n\nHi! What if I told you that everything you own, you could have bought for half the price and half the CO2 emissions - just by buying second-hand instead of new.\n\n\nPROBLEM\n\nYounger consumers understood this already. That’s why the resale market is booming, growing 11 times faster than retail, currently reaching 200 billion euros in Europe. \n\nSo the market is exploding, and now it's fragmented and messy. For consumers, buying second-hand is time-consuming, inconvenient and unsexy. \n\nNo wonder 75% of young shoppers say they'd buy more second-hand—if only it were simpler.\n\nMy name is Evolena, I’m the Co-Founder & CEO of Faircado. \n\nAnd this — is how we will unify this market, to make second-hand the first choice of every consumer.\n\n\nTEAM \n\nOur founding team spent the last 20 years building & growing successful tech startups.\n\nI was a key employee at an ecommerce startup that went from 0 to a 9-digit exit in 5 years. \n\nI met my co-founder and CTO Ali 6 years ago at a YC-backed scaleup. \nHe built the first Iranian online bookstore as a teenager. \n\nAnd our COO, Ollie, had a first exit at 18 with a second-hand marketplace. \n\n\nPRODUCT\n\nToday, Faircado is a browser plugin that automatically finds the best second-hand alternatives. It’s just the first step, but in a few months: \n\n\nDEMO\n\nWe’ve built a scalable technology that uses machine learning to match text and images and show users the best deals. \n\nAs we divert the traffic on a browser level, you guessed it: the websites cannot stop us. \n\n\nTRACTION - SUPPLY\n\nThat’s why the second-hand platforms love us: we are the acquisition and retention channel of their dreams. \n\nWe’ve already closed partnerships with 50 of the biggest resale players, like eBay, Vestiaire Collective and Back Market. \n\nAnd aggregated 20M products: electronics, books and fashion. \n\n\nTRACTION - DEMAND\n\nAnd our €100k GMV to date shows that consumers love it, too. \n\n\nIMPACT\n\nI mean, who would say no to saving money and the planet? \n\nBy helping our users buy second-hand instead of new, we’ve not only made them save money, but also 40 tons of waste and 750 (seven hundred and fifty) tons of CO2. \n\n\nBUSINESS MODEL\n\nAll of that, for free for users. \n\nBut so… how do we make money? Easy, our partners pay us an average of 5% of the sales we help them generate. \n\n\nINVESTORS\n\nWe are proud to be already supported by some of the most prominent entrepreneurs and VCs in Europe: like Atomico and Peak’s Angel Program, Earlybird and Fast Track Malmo. \n\n\nASK\n\nWe are now raising €1.5M to increase our impact, \nAnd to turn the trillion dollar e-commerce market into re-commerce - for good.\n\nFaircado is here to help the 2 billion monthly visitors of Amazon save money and CO2\nby buying second-hand instead of new. \n\nAre you with us?"}