Fyndiq is a Swedish ecommerce marketplace, which connects great merchants with bargain hunters. Back in August 2010, Fyndiq opened its virtual doors and entered the Swedish ecommerce market. From the get go the plan was for the start-up tech company to take over the bargain world and provide bargain hunters across the country with small moments of joy. Joy? Yes, joy! The joy takes place when great merchants are connected with bargain hungry shoppers who are seeking great products to even greater prices through a platform, what some refer to as a marketplace. But the story behind Fyndiq stretches, as you might have figured out, a bit further back than that.
In 2009, the idea initially arose when Fredrik Norberg (CEO) made the beautiful mistake of purchasing a bunch of bamboo vases, thinking that these could be sold with a nice profit. Even thought they were nice and all, no one wanted to buy them from him. With a pile of vases collecting dust (read miscalculation-of-future-interior-trend) he figured he couldn’t be the only merchant in the country who was suffering from the syndrome ”overstock without effective sales channel”. With that simple fact on his mind he got in contact and gathered the other four founders; Dinesh Nayar (former CEO), Micael Widell (former CTO), David Brudö (founder of Destly) and Dan Nilsson (founder of ehandel.se, roligarprylar.se). Together the five of them met up and began mapping out Fyndiq’s route forward – to be the one stop bargain shop, connecting great merchants with bargain hungry shoppers.
Why you should choose Fyndiq
Fyndiq.se was launched with the aim of being a simple, efficient additional sales channel for Swedish merchants to maximize their sales of new products. We enable our merchants to concentrate on finding awesome products for our bargain hunters, supplying high quality product information and shipping to the customer. To achieve this, Fyndiq deals with everything else from marketing and payment solutions to customer service and act as the merchant of contract.
We have no start-up fees or fixed monthly fees. In our price model, we deduct a Selling fee of 10% excl. VAT of your gross product selling price. Category fee is 8 SEK excl. VAT for each product sold in the category.
Over half a million bargain hunters visit us every month to browse over 1,000,000 good products at even better prices. Together we are building the ultimate bargain store online. Our merchants mainly use Fyndiq as:
- An additional sales channel - to reach a wider new target group and get selling fast.
- A clearance channel - to sell the products they do not want to put on sale in their own store and free up storage space taken up by products that are not selling and are simply tying up capital.
- As an alternative to their own web shop - to reach out to an online target group with their products without needing to set up their own web shop.