Sparschwein | Update

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Last year, we featured a German start-up called Sparschwein, which encourages consumers to scavenge their homes for unused items to be sold through auction sites like eBay. The selling process is handled by Sparschwein agents, and Sparschwein deposits proceeds (minus a handling fee) directly into a seller's saving account, held at Deutsche Kreditbank. So – how has Sparschwein done over the past year? They've increased their customers' wealth by over EUR 49 million, earning more than EUR 3 million for themselves and their agents. Recently, they've also added a new sales channel: television. Using MMS or an online form, customers…

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