Flubit

Flubit
Flubit Limited
Industry E-commerce
Founded April 24, 2011 (2011-04-24)
Founders
  • Bertie Stephens
  • Adel Louertatani
Headquarters Wapping, London, United Kingdom
Website flubit.com

Flubit is an online shopping service that generates competitive offers based on interest in a designated product. Users receive offers by submitting a URL from a compatible online marketplace into the site's "demand engine", which compiles offers from varying retailers. Users are then alerted to discounted prices for the product they showed interest in and have the option to purchase the product at that price or decline the offer.[1][2] Shoppers save 10% on average for products.[3]

The service claims to "disrupt" rather than compete with major retailing giants such as Amazon and eBay by diverting online shoppers from well established marketplaces to instead make purchases directly from smaller retailers.[1]

History

Flubit was founded in 2011 by Bertie Stephens, current chief executive, and Adel Louertatani, with offices in Wapping, London.[4]

As of May 2015, Flubit had a catalog with over 500 onboard merchants and over 20 million products.[3] By November 2016 the product catalogue had grown to 56 million products, from 1,500 merchants [5]

In 2014 Flubit secured a partnership with Barclaycard to launch a new service on their bespoke offers platform named beat my price.[6]

In April 2015, Flubit released its Gift Finder tool. The feature uses several simple metrics based on a short customer questionnaire to create relevant suggestions for gifts priced with a Flubit discount.

In January 2016, Bertie Stephens and Adel Louertatani were listed in Debrett's "Britain's 500 most influential" list.[7]

In September 2016, Flubit were awarded the Tech Track 100, listed in the The_Sunday_Times [8]

SKU Cloud

In November 2016, Flubit.com launched SKU Cloud. The new brand offers two solutions. The "sellers" programme, formally known as WeFlubit, lets retailers integrate a shopping feed exposing their products to over 10 million shoppers per day. For partners, SKU Cloud offers a white-label online shopping solution by providing a live feed of over 54 million products supplied directly from the sellers programme.[5]

References

  1. 1 2 Monty Munford (16 Nov 2014). "Flubit wants to be the next Amazon... of Amazon". The Telegraph. Retrieved 13 March 2015.
  2. ↑ Oscar Williams-Grut (3 Nov 2014). "Growth Capital: Flubit - swapping the director's chair for the white-knuckle ride of a start-up". London Evening Standard. Retrieved 17 March 2015.
  3. 1 2 Edmund Ingham (19 Jan 2015). "How Do You Guarantee You Are Paying The Lowest Price For Goods Online? Try Flubit". Forbes. Retrieved 17 March 2015.
  4. ↑ "Flubit - About us". weflubit.com. Retrieved 19 March 2015.
  5. 1 2 Dawson, Chris (1 Nov 2016). "Flubit unveils retail technology platform SKUcloud.co.uk". tamebay. Retrieved 22 November 2016.
  6. ↑ PYMNTS (23 May 2014). "BARCLAYCARD AND FLUBIT'S DIGITAL MARKETPLACE TEAM-UP". PYMNTS.com. Retrieved 17 March 2015.
  7. ↑ "Britain's 500 most influential". The Sunday Times. 24 January 2016. Retrieved 26 January 2016.
  8. ↑ "Flubit - Tech Track 100". The Sunday Times & Fast Track. 20 October 2016. Retrieved 29 November 2016.

External links

This article is issued from Wikipedia - version of the 11/29/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.