Understanding the investment opportunity
Beseif is a payment method and money transfer technology focused on trading between individuals. It allows to buy and sell with total safety via internet.
The solution is targeted mainly on the second-hand market but there are also many craftsmen, collectors and small businesses who sell through these same channels.
How does this solution work?
The buyer pays for a service and Beseif keeps the money of the operation in a safe deposit (escrow account) until the transaction is finalized. It also manages the shipment (pick-ups, deliveries and refunds, if necessary) with multiple logistic operators to control the whole process.
Once the buyer accepts and verifies the product is correct, payment is freed and the seller receives the amount of the sale. On the contrary, if the product is not correct, the buyer can return it and get the payment back.
Beseif Solutions Team
Cofounder and CEO at Beseif.
Cofounder and CTO at Beseif.
Full-Stack Senior Developer
Customer Service & Communication
Geroa Pentsioak EPSV
Reasons to invest View more data
- Growing market
The collaborative economy and, specially, trading in internet is a booming market that continues to expand. The primary motivation for it are the savings and it is forecasted that the crisis produced by Covid-19 boosts the market for the coming years.
In spite of the price being the most relevant reason for buying, it is becoming more common to see consumers buying and selling second-hand items to encourage a responsible consumption that is in harmony with nature.
Therefore, it is one of the most promising trends of the immediate future.
- Key moment
It is widely known that trading between individuals is risky. We have all been victims of fraud through internet or we know someone that has been scammed. Most of classified ads portals, as well as blogs, forums and social media have no intermediaries, instead, the users are the ones who manage the payment and shipment on their own terms.
In the words of Rob Cassedy, the CEO of Wallapop, the ‘third revolution of the market of the classified’ is coming, in which platforms will integrate payment systems, turning themselves into transactional platforms. It is the perfect moment for the new business opportunities to penetrate the market.
- Optimized product
Beseif is a tool that lets every user to buy and sell to strangers through internet. It solves in an all-in-one solution the complexities of payment and logistics between individuals. The mission is for its users to feel protected at all times.
The product is fully developed, immersed in a process of continuous improvement to offer increasing value to its clients. It features disruptive technology Blockchain, thanks to which we can trace the payments flows and the latest trends in design and UX optimization.
- Validated business model
The business model has been validated for over two years, a period in which the transactions have been enlarging exponentially to the point of exceeding the 1.5m €.
On the other hand, this technology has been integrated in more than 10 marketplaces and the number of interested platforms keeps growing. Big players like LetGo in US and other leading platforms in Europe and LATAM are already eager to sign a partnership agreement.
All these milestones have been achieved with rigorous work and in an organic way. It is the moment to come forward and invest for leading the revolution of the classified.
Who is the reference investor?
About EASO VENTURESEaso Ventures es una Sociedad de Capital Riesgo Vasca y Privada que nace con el fin de acompañar a Personas y Empresas que tengan un claro proyecto de crecimiento, aportando inversión, asesoramiento y experiencia. Aportamos la experiencia y el conocimiento de un gran equipo de mentores que colaboran con Easo Ventures. Ofrecemos Inversión desde 100.000€ hasta 1 millón de euros
- Invirtiendo en startups:3 años
- Euros invertidos:+18.5M
‘Easo Ventures approved the investment of Beseif taking into account they are the owners of a powerful and differential technology that has already been validated by the market.
From a point of view of expectations of growth, collaborative economy is considered to have more and more weight in our society and, in many cases, financial entities are neglecting this market niche.
We liked the approach of the business model very much, with a focus on not only B2C, but B2B to maximize the opportunities.
In Easo Ventures we think it is utterly interesting that Beseif integrates the whole process of the payment management, which ranges from the payment to the logistics, unlike its competitors, who only offer the integration of payments in the marketplace.’