The company refurbishes iPhones and sells them directly to consumers via its online store

Finnish startup enters new European markets. Source: shutterstock.com

Ecommerce News has found that Swappie, which sells refurbished iPhones online, is launching in Germany, the Netherlands, Ireland, and Portugal. The company started in Finland in 2016 and soon expanded to Denmark, Sweden, and Italy.

This announcement comes simultaneously with the news about the rise of a €42.5 million? Series B funding round from TESI.

According to data, Swappie generated revenues worth over €31 million in 2019, which is a 300% increase compared to the year before.

We’ve reported that Walmart has announced its partnership with Shopify thus expanding its product catalogs and allowing Shopify to sell on its marketplace.

SEE ALSO:

• JCPenney’s bankruptcy: another The Simpsons prediction came true
• Neiman Marcus bankruptcy: what happened to iconic US retailer
• How Thai Airways has managed to avoid bankruptcy and stay afloat