Flyp’s core product is an algorithmic matching platform that pairs consumers, liquidation companies, or donation centers with power resellers to offload used goods. Users list items on Flyp’s app, are matched with an appropriate reseller, agree on a commission split, and Flyp takes a 5% cut while handling logistics. The company also offers a free automation product built specifically for resellers to manage and market listings across multiple marketplaces. Flyp cites a large addressable market of roughly 350,000 U.S. power sellers and aims to convert part-time sellers into full-timers while onboarding new resellers. The platform processed $7 million worth of inventory in March 2022 (up from about $1.7 million the prior year) and sees over $1 million in inventory coming in each month. Flyp was founded by James Kawas and Dani Arnaout. Flyp has built what it calls the largest decentralized consignment marketplace in the world, enabling thousands of individual resellers to grow and sustain their businesses from home. The company says the new funding will allow it to expand offerings to empower the wider reseller community. Flyp plans to expand its consignment marketplace and develop new software tools to help small resellers automate and streamline at-home resale operations. The company reports independent resellers have made more than $1,000,000 in secondhand sales during the pandemic. CEO James Kawas has framed Flyp’s mission around supporting the secondhand gig economy—predominantly women resellers—and the firm says it is committed to that community. Flyp is based in San Francisco.

Total raised

$13M

Funding rounds

2

Latest round

Equity

Latest activity

May 2022