Money saving marketplace, Flubit.com have just announced their investment backing has topped $20million [£16m]; enabling them to unveil their latest marketplace proposition and offer a British alternative to Amazon.
Following their biggest one-off investment, Flubit has secured its position as the largest UK owned marketplace; consisting of a 60 million strong product database, exclusively from trusted and verified UK and Irish Online Sellers, with millions of branded products (including toys, books, electronics, household items) available to consumers, many at unparalleled prices.
Launched in 2011, Flubit have to-date saved their customers in excess of £2million, by offering 2%-15% discounts on over 88,000 big-name brands. Previously operating as a private-offer discount service, the website has today been re-launched as a fully-fledged marketplace, allowing customers to instantly search for the items they're looking to buy, many at prices you'd be hard pressed to find anywhere else on the internet. Customers are also able to search Flubit by entering the Amazon URL of the products they're looking for, to show (and then buy) them directly on the site.
Co-Founder and CEO Bertie Stephens said: "This is the development our customers have been asking for, allowing us to improve our site and make it easier for customers to make an instant purchase on the products they want to buy. For years we've worked to build our business to the place our customers always envisioned; a UK owned alternative to Amazon, that offers customers great prices and speedy delivery - all without harming the bottom line of Flubit's online sellers. We've got a long and exciting journey ahead of us, but now UK shoppers have a true alternative to buy their online shopping from a UK owned marketplace, with great speed on delivery of their items."
Steph Fiala, COO, also added, "As a business, we don't charge any fees or commission to sell on Flubit.com. Instead, we work alongside our network of independent online sellers to provide them with data on which products they are mostly likely to sell and the prices that the market is commanding for them. This enables us to offer top name products, cheaper than our competitors without taking an unfair slice of the pie. In short, it's a better deal for the customer and a fairer deal for our online sellers - helping everyone get the most from their online shopping."
Flubit are launching today making 20% of their total available inventory live, and will be adding 500k products a week from their 1,500 online seller supply chain.
