UK online marketplace is set to expand across over 140 countries

The company has already beta-tested territory specific sites in 42 countries for expansion

UK online marketplace

UK online marketplace is set to expand across over 140 countries. Source: pexels.com

OnBuy, an online marketplace from the United Kingdom, has started an aggressive global expansion plan, Ecommerce News report.

The company wants to launch into more than 140 countries by the end of 2023. The plans follow after securing €5.5 million in a Series A funding round last June.

According to data, OnBuy is already valued at an estimated €200 million after launching just four years ago. And last year, the marketplace achieved its third consecutive year of over 600% growth.

We’ve reported that UK changes requirements for parcels coming to the EU.

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Tags: UK