London-based startup vendi aims to make peer-to-peer marketplace transactions safer for both private buyers and sellers by ensuring product verification and eliminating fraudulent activity. Those interested in joining the vendi community, can download its app -- available for both Google and iOS operating systems. Once a member, participants will be verified before transactions are made. Both buyers and sellers are verified through a three-step process, helping to eliminate common scams that can occur via online resale marketplaces.
"Our mission is two-fold, to make P2P a trusted and mainstream activity enabling people to buy and sell devices at the best prices and to stretch the lifecycle of their electronic goods to reduce electronic-waste" said vendi founder Pablo González-Iglesias about the brand and hopes that "other marketplaces will be able to leverage vendi’s verification-as-a-service to further protect their users against online scams" in the near future.
Anti-Fraud P2P Business Apps
Startup vendi Verifies Online Buyers and Sellers to Eliminate Scams
Trend Themes
1. Peer-to-peer Verification - Opportunity for other marketplaces and app developers to incorporate similar verification processes for online transactions.
2. Anti-fraud Business Apps - Development of more business apps that address online fraud and scams to provide safer e-commerce experience for consumers.
3. Electronic Waste Reduction - Promote sustainability while addressing consumers' need for electronic devices by facilitating second-hand transactions and reducing electronic waste.
Industry Implications
1. E-commerce - Implementing P2P verification processes to create more secure and trusting online transactions for consumers.
2. Mobile App Development - Developing anti-fraud business apps and verification services to provide safer e-commerce experiences for mobile users.
3. Sustainability - Partnering with P2P resale marketplaces and anti-fraud businesses to facilitate device reuse and reduce electronic waste.