EALYX provides a circular retail SaaS that lets consumers trade in used items and receive an immediate estimated trade-in discount at the point of purchase by leveraging existing Buy Now Pay Later solutions. The platform applies the estimated trade-in value as an instant discount and then pays off the consumer credit once the traded product is physically validated, reducing financial risk for merchants. EALYX plans to integrate multiple buyback partners to make trade-ins agnostic to product category, allowing, for example, part-payment of a computer with a used bicycle. The company aims to generate its first thousand purchases paid with used products in the coming months and to grow orders 8X by 2025. Founded in 2023 and based in Spain, EALYX intends to use the new capital to accelerate product development, expand its reach, and enhance implementation.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2024