Faircado
Faircado is a Berlin-based small business founded in 2021 that operates in the Internet Marketplace Platforms industry. The company provides a browser extension that helps users find second-hand alternatives while shopping online, aiming to promote sustainable choices and support a circular economy.
Company Overview
Faircado is a small business founded in 2021, headquartered in Berlin, Germany. The company operates in the Internet Marketplace Platforms industry and has a team size of 16 employees. Faircado focuses on providing users with second-hand shopping alternatives, aiming to make sustainable choices more accessible. The company emphasizes values such as engagement, transparency, and change in its operations.
Services Offered
Faircado offers a browser extension that assists users in finding second-hand alternatives while shopping online. The extension is compatible with multiple browsers, including Chrome, Firefox, Edge, Safari, and Brave. It supports over 1,600 websites, including major retailers like Amazon and Zalando. The shopping assistant helps users save time, money, and CO2 by identifying the best second-hand options available. Faircado also provides a newsletter for updates and information.
Products and Features
Faircado's browser extension is currently in its beta phase and features an AI bot named Gregor, which helps users locate second-hand items by assigning a 'friendliness value' to each product. The platform allows users to search from a database of over 10 million products sourced from 70 different partners. Faircado partners with over 50 platforms selling second-hand products, including eBay, Back Market, and Vestiaire Collective. The service offers an average discount of 60% on second-hand products.
Funding and Growth
Faircado has received a funding boost of 3 million euros from investors including World Fund, Slush VC’s, and Impact Shakers. This funding supports the company's mission to transform the linear economy into a circular economy. The company is also working on expanding its services to mobile devices to enhance accessibility for users.
Recognition and Achievements
Faircado was voted #1 Product of the Day on Black Friday on Product Hunt, highlighting its innovative approach to online shopping. The company was also a finalist in the first phase of the BPW 2022 competition, showcasing its commitment to sustainability and user engagement.