UK headquartered online marketplace OnBuy has enjoyed 600 per cent revenue growth in 2020 and is readying for further expansion. Having recently secured a £5 million funding round, it is projecting the achievement of £2bn sales by 2024, from its current year’s £120 million sales.
“These incredible growth figures are evidence that the market desperately needed a marketplace like OnBuy that, through creating an eCommerce ecosystem that benefits online retailers and customers equally, can provide a sustainable long-term solution to selling and shopping online,” said Cas Paton, CEO.
“Ahead of our phased launch into over 140 countries, where we’ll have the widest reach of any online marketplace, we’re investing heavily in the UK site with a massive Q4 planned.”
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