Flyp wants to give power resellers enterprise-grade ecommerce tooling

There are many platforms that you can use to sell your old stuff. Over the last half century, the tech world has sought to take advantage of the wasteful attitude of consumers.

There is a group that is rarely thought about, and that is power resellers.

Flyp is a startup founded by serial entrepreneurs James Kawas and Dani Arnaout and is looking to give machine learning-powered tools to these stay-at- home sellers.

The startup's core revenue-generating product is an algorithmic matching platform that pairs a regular consumer, or a liquidation company, or a donation center with a power resellr to sell their used goods. The user lists their items on Flyp's app and is matched with a seller who typically sells that type of inventory. Flyp takes a five percent cut and handles the logistical aspects of transferring the inventory.

The image is called Flyp.

Flyp's free product is more important than anything else. Large ecommerce brands have sophisticated automation software that helps them market and track their inventory. Flyp is offering similar technology to stay-at- home sellers who are managing scores of listings across multiple platforms for free.

The platform that could handle a much bigger volume of inventory was created by building trust within the community of power resellers.

The majority of power sellers in the United States are doing it part time, according to the startup. The goal is to turn the part-timers into full-timers so they can try it out.

This group is so significant for the internet that even the biggest fintech company in the world, PayPal, was built on top of the resellers. The only group that is able to process supply is the group that sells used goods, because you have so many more marketplaces. It is difficult to process used goods in centralized companies because each item has its own flaws. A network of random people can do it.

Flyp's thesis seems to be proving itself, with the platform processing $7 million worth of inventory in March 2022, up from around $1.7 million at the same time last year, and over $1 million worth of inventory coming into the platform each month.

The startup just announced a $10 million raise led by Asymmetric Capital Partners with participation from existing investors and new investors. Mercari's CEO Ryo Ishizuka participated in the round.