Finance & Economics

Second-hand online marketplace expands in Europe

Micolet expands to Poland and the Netherlands

Second-hand online marketplace expands in Europe. Source:

Micolet, an online marketplace that sells second-hand clothing for women, will expand to two new markets in Europe, according to Ecommerce News. The startup will set foot in both Poland and the Netherlands later this year. With this expansion, Micolet will be active in eight countries across Europe.

The online marketplace is currently active in Spain, France, Portugal, The United Kingdom, Italy, and Germany. Micolet was founded with just 3,000 euros and currently generates ‘millions of euros’, employs nearly 50 people and has grown by 150% this year.

According to co-founder Aritza Loroño, Micolet achieves the best results in countries where there’s a higher interest in fashion. For example, in France, the company has a growth rate of 50% per month. He also says, the company has the perfect mix for their customers, offering them to take care of the environment, make some money and deep-dive into all kinds of fashion.

Currently, there are over 200,000 items on offer and the marketplace publishes more than 1,000 items for sale every day. Last year, Micolet expanded to France, Italy, the United Kingdom and Germany. In Germany, the company also enabled users to sell their stuff, something that’s still not possible in every market. The company claims it’s growing at a rate of 50,000 new users every month, reaching over one million users worldwide. Because of this rapid growth, Micolet recently opened a new warehouse of 10,000 square meters to further expand and improve its service.

SEE ALSO: How to combine saving money and the planet

Pay Space

6887 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.