Swapferit

company

About

Swapferit is a barter system-based company that allows advanced swap of any items by linking items through offers.

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Details

Last Funding Type
Seed
Last Funding Money Raised
$18K
Industries
Auctions,Finance
Founded date
Jan 1, 2011
Number Of Employee
1 - 10
Operating Status
Active

The company built a site that allows advanced swap of any items, by linking items through offers the site allows a person to trade for anything offered for anything offered to them.


The site is not a "i have this, i want that" site. The odds of finding someone who has what you want and wants what you have is statistically boring. SwapFerret.com (formerly Whitewilly.com) allows you to use your items like money and make offers linking all offers made to you to this new item of desire.

Once trades are accepted, the site becomes a mini Wall Street trading platform. working with the virtual ownership of the new item you can re-trade it away (Without ever touching it) perhaps hundreds of times until you can arrive at the item you really want.

The site charges only a small listing fee, is free to join, has no advertising from the outside but allows you to purchase advertising for your items to promote them on the site to attract offers.

The site is easy to use. If it has a flaw, it is capable of so much it is hard to communicate.

The name originally was from the white elephant item, a gift or object that has no usefulness to the current owner but still has great value. You dont want to get stuck with one while trading and you can get rid of one by bartering it away. SwapFerret.com just sounded a little catchy and fun. It's now called swapferit.com

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$18K
Swapferit has raised a total of $18K in funding over 2 rounds. Their latest funding was raised on Jun 4, 2012 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 4, 2012 Seed $18K 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Swapferit is funded by 1 investors. gener8tor are the most recent investors.
Investor Name Lead Investor Funding Round
gener8tor Seed