“Can a luxury-only, authenticated resale marketplace scale globally against mass-market rivals like Vinted while embedding payments, BNPL and Resale-as-a-Service into brand partners?”
Founded 2009 as a French peer-to-peer luxury consignment marketplace with expert authentication. Reached $1.7B valuation in 2021 with SoftBank leading a $210M round, then acquired US peer Tradesy to accelerate US expansion. Since 2022, layered in embedded BNPL (Klarna, PagaMasTarde), FX/cross-border payouts (Currencycloud, Hyperwallet), and launched a Resale-as-a-Service B2B product that white-labels the platform for luxury brands (Chloé, Luisaviaroma). Positions itself against Vinted by refusing fast-fashion listings and doubling down on luxury authentication.