Hyper-local Marketplace App Swapit First to Launch SWAPIT ALERTS in ASIA

Customize Your Second and First Hand Trading Experience on Hong Kong’s Leading Marketplace.
logo-icon-squircle-text_en-la_landscape_green-bicolor_241x50HONG KONG, Aug 22, 2016 – Swapit, the unique hyper-local marketplace for trading pre-loved and new items, announced today the launch of Swapit Alerts – a unique way for consumers to discover products nearby, in which they are actually interested in. Swapit Alerts are the first of their kind in Asia and will add tremendous benefit to Swapit’s 115,000 traders.

Swapit is a vibrant marketplace in Hong Kong and across the region. The number of traders is currently doubling month-over-month over the past quarters, which creates a very dynamic marketplace with high marketplace liquidity.

While the number of traders and number of items posted on Swapit is rapidly increasing, Swapit adds more features to its mobile, which makes it much easier to discover items you really want. Swapit is the only pro-active marketplace that reaches out to potential buyers when items pop up that are of interest to those buyers.

Swapit Alerts work in a very easy way: A buyer who searches for an item like “Green Sofa” might not always not find what (s)he is looking for. With a single click that buyer can create a Swapit Alert, which will then notify him or her when the next “Green Sofa” gets posted.

“The introduction of Swapit Alerts is a milestone of innovation for us. In fact, Swapit is the first mobile marketplace in Asia to launch such a feature. We are the only ones that provide buyers the most pro-active experience. All of a sudden people don’t have constantly search for items, they can just define a Swapit Alert and let Swapit tell them when something comes up that’s of interest to them.” said Patrick Kosiol, CEO of Swapit. “From the onset, we wanted to make the live of our customers easier. We started making it dead simple to post items in under 30 seconds and now we’ve taken it one step further by making it even easier for buyers to discover exactly the right items they’re interested in.”

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Founded in 2015 in Hong Kong, Swapit operates a hyper-local mobile marketplace that brings together buyers and sellers, who are already nearby each other. By providing an exclusive real-time experience combined with their award-winning design, Swapit has already attracted thousands of traders across the territory. Furthermore, Swapit has been accepted into industry-leading accelerator and incubation programs, such as Cyberport Incubation Programme, SoftLayer Catalyst, Microsoft BizSpark and Facebook’s FbStart, which provide access to over US$250,000 worth of products and services. Swapit has raised funding from Aria Ventures and Private Equity in late 2015 and early 2016.


About Swapit

Swapit Limited is a technology-driven company that is revolutionizing the way people trade pre-loved and new goods in densely populated areas. Led by mobile entrepreneurs with a combined industry experience of over 40 years, Swapit is built from the ground-up, as a largely scalable business to ensure rapid growth and high margin revenue generation. By focusing on a superior customer experience, the Swapit team makes product decisions purely based on excelling customer happiness. For more information, visit: http://www.swapit.la

About Aria Ventures

Aria Ventures, a division of The Aria Group, provides early stage seed funding to technology startups globally. Its mission is to find talented entrepreneurs with innovative ideas that have the potential to be a significant disruptive force in their respective industries.

The Aria Group is a Hong Kong-based family office with a multi-strategy investment platform and invests in various asset classes globally, including fixed income, equities, real estate, private equity and other alternative investments such as hedge funds. For more: http://www.ariagp.com/

Patrick Kosiol
Co-Founder & CEO, Swapit Limited
patrick@swapit.la +852-2892-7330

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