Startup Spotlight #42 Bartme

Trade refers to replace, buy, and sell products with other economic values. The first form of trade in human history is barter. The barter is simply the exchange of products or services that have equal value. Today, it is very difficult to use the barter method. The most important reason for this is that it is very difficult to determine the value of objects of economic value in terms of another object. Bartme makes exchange easier by offering an innovative solution for the valuation of items.

What is your first name?

Semih

Welcome Semih! What is your surname?

Klıçgedik

What is the name of your startup?

Bartme

What is the website address of Bartme?

https://bartme.co

Where is your startup based?

Turkey

What are your targeted verticals for your startup?

Fintech
Machine Learning / AI
Marketplace

Tell us what your startup does.

Bartme is a barter platform for pre-owned items that helps people valuate proper and exchange faster.

Tell us about your team.

Experienced in business, data science, marketing strategy & execution, product design & development. Eager to underpin re-use of products in line with circular economy

When and why did you found your startup?

One night in the office, I read an article about a barter platform that enables SME and corporates to barter idle products and services. The financial model provided for businesses took my appreciation. I asked myself: ‘Why don’t I have an app in my pocket helping me barter with my peers?’ That night I started researching the history of bartering, ended up a brand new model for c2c barter.

What are your key and unique features?

In-app currency
ML-based valuation algorithm in product valuation
High turnover rate (39%)

What is your growth like?

%15 per week in # of customer

Tell us about the numbers that matter to you.

3050 registered users
870 completed transactions

What are your plans for next year and next 5 years?

Being an international player, capturing and generating substantial market share in a vastly growing pre-owned market.

Did you receive any investments?

Pre-seed

Tell us 3 startups that excite you, and why?

Great question
– Fazla Gıda
– Mindsite
– Colendi

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