The platform prioritises data security as it connects buyers and sellers with certified product assessments
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Spotted: The global refurbished and used mobile phone market is expected to grow from more than $50 billion (around €47 billion) in 2022 to around $172 billion (around €161 billion) by 2033. And advocates of electronics recycling see an encouraging uptick in consumer demand for refurbished devices.
As a means of making the most of all the valuable materials found in devices that range from smartwatches and tablets to video game consoles and audio products, digital resale platform Valyuu connects buyers and sellers with its reliable second-hand electronics marketplace. Valyuu provides buyers with a reliable evaluation of products that includes photos and access to full test reports.
Sellers have multiple options on the platform. They can sell their device for an immediate payment through Fast Pay or wait a bit longer to receive a Best Value payment. Valyuu covers all shipping costs, and if a seller chooses to donate their device to the company, Valyuu donates the value of the sale to a social inclusion and education charity.
With data sensitivity a major barrier to large scale electronics recycling, Valyuu provides sellers with detailed instructions on how to wipe clean their devices. And once the company receives an item, its team of IT experts re-wipes the product for further data protection.
If a device needs something fixed, the Valyuu team of refurbishers makes it usable again. And if a device is no longer usable, Valyuu’s team of recyclers takes it apart for sustainable reuse and recycling.
The Netherlands-based company operates throughout the Benelux countries of The Netherlands, Belgium, and Germany and plans to continue expanding the availability of its services internationally. Having recently closed a round of seed funding that raised €2.4 million, the company plans to further expand the range of products available on its platform, further its research and development (R&D), and make its service available in more locations.
As well as electronics, refurbishment is being used by a multitude of industries as a means of reducing waste while expanding the lifespan of goods. In Springwise’s library, innovations include a subscription service for office furniture and virtual trunk shows of used luxury items.
Written By: Keely Khoury