Globechain

“So 98% of the stuff does go. Straight away. The only thing that is more difficult to go is usually broken electricals, and that's an industry problem because most people recycle them.”

“I only got VC funding late 2018 and we got 750,000 from VC and we've been running off that since actually.”

“That was only 200,000 because I just got the money in the VC side and growing the team to around eight people.”

“So initially it was we did it for free for them the first year because this is a new model, remember? So no one had ever come across like a reuse platform where we give items for free and we generate ESG data as the value of the software, if you like. And so w…”

“It actually costs our business development people around 600 pounds to bring on board that client.”

“And actually it works out around 50,000 per year per clients usually.”

“And I initially kept my job and put 800 pounds into a freelance developer and built my very first MVP and went to get out to market to see Who would take it on?”

“So the taking member always pays for the transportation and delivery of the goods. And that way we have almost no shows turn up.”

“It ranges depending on the sector, because we work in retail, commercial, and hospitality, construction, and anything from 500 pounds to 2000 pounds per location. And we work, obviously, on volumes of locations to do with stores, restaurants, hotels, and so on…”

“Actually it's based on the enterprise side. So how much they're paying and up to December, we've had a hundred percent retention, which has been really interesting.”

“We have around 34 customers in the UK. We've got 10,000 members. So they're the taking members the people that take the items and we're in UK, Spain. We actually just launched in New York last month. Just before Christmas. And we're in the UAE. We have a partn…”

“Things get requested literally in less than 24 hours and at the moment it's like 20 minutes.”