DIEM raises USD 5.5 mln in funding round

Tuesday 16 March 2021 12:50 CET | News

UK-based DIEM, a circular economy-oriented startup that lets customers sell their unwanted items to the company and receive instant payments, has raised USD 5.5 million seed funding in an oversubscribed round.

The investment round was led by Fasanara Capital, a UK-based finance focused fund, and supported by Chris Adelsbach, founder of Outrun Ventures.

DIEM will use the investment to expand its consumer base both in the UK and Europe.

With the DIEM app, customers can get a valuation for their unwanted goods. The products that can be sold include books, clothing, electronics, etc. If customers want to sell the unwanted items, then DIEM buys these items directly and credits their account.

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Keywords: fintech, funding, startup, instant payments
Categories: Banking & Fintech
Countries: United Kingdom
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Banking & Fintech

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