There are more mobile phones than people in the world
Refurbly emerged from the idea of uniting the best of both worlds – more affordable mobile phones and a lower environmental impact! The man behind the idea is called David Lundgren Fetah, and after spending a few years renovating phones himself in the family business in Örebro, he realised the increased need and decided to transform the mobile market by making circular and sustainable mobile ownership possible.
The company has grown and along the way brought in investors such as Johan Dennelind, former CEO of Telia. Now, it has an established e-commerce business but has also expanded the wholesale segment and secured the inflow of used mobile phones in sufficient volumes.
We needed a stable and forward looking financial partner and Invoier has been perfect for us. Especially since they offer Green Factoring, which is totally in line with our green business idea.
Smart consumers – for the environment and the wallet
Consumers today are becoming increasingly well-informed and are making ever more conscious choices. This also applies to the purchase of new mobile phones – something mobile network operators have otherwise led us to believe is advisable to do roughly every two years. But today, this no longer feels particularly reasonable or sustainable for many consumers. Simply by choosing a second-hand mobile, the carbon footprint is reduced by up to 80%!
For it is precisely the manufacture of new mobile phones that is the main culprit. Over the entire lifespan of a mobile phone, the manufacturing process itself accounts for as much as 75–80% of total emissions. It also requires the extraction of many metals, such as copper, lithium, gold and cobalt. All these metals are found only in very small quantities in rock, which means that a great deal of rock must be extracted to obtain sufficient raw materials.
Refurbly attracts many environmentally conscious consumers, but also many who simply want their mobile phone purchases to be kind on their wallets. It’s simply more economical (you save up to 40%) to buy a second-hand, fully refurbished phone of the highest quality and with a generous warranty, with or without a contract.
Purchasing the children's first mobile phone is a common customer segment at Refurbly
Green Factoring – green thinking should be rewarded financially
Like all companies in strong growth, there are demands for high, ongoing liquidity, and sometimes demand is greater than the time it takes to wait for one's customers to pay. In such cases, factoring is a perfect solution. As a business owner, you release your own capital in the form of unpaid invoices.
Invoier believes that thinking green in business should also pay off financially, and therefore developed the service Green Factoring as the first financial actor in Sweden. This means that as an entrepreneur, you can qualify for an even better price by demonstrating your limited climate footprint.
David Lundgren Fetah shares his lessons on financing in high-growth environments.
GREEN FACTORING
Fund your growth even more cheaply
With the Green Factoring service, you can easily and smoothly finance your accounts receivable on an ongoing basis – but at an even better price! All you need to do is demonstrate your environmental work and qualify your business. At Invoier, we believe that financial incentives can have a positive effect on the environment, and therefore we are happy to help you identify where you can improve your climate footprint if you are not already doing so today, so that you can finance your growth even more cheaply.
Book a free meeting with our advisor Henrik Windahl, who will help you see what opportunities exist for your specific business!
Find the best financial service for your company
It is not always easy to know what solution would be the best for your company. To help you out, we have put together a simple guide that focuses on your company's challenge and will give you an immediate answer to which solution that would be the best fit.
About Invoier
Invoier provides solutions for company financing and has developed Sweden’s only marketplace for invoices. The purpose is to enable market-based pricing for financing and growth of small- and medium sized businesses, as well as a new type of investors get access to this market. The technical base of the offer consists of a unique AI engine that will anticipate both if and when an invoice will be paid. Invoier was founded in 2020 in Stockholm and is financed by the EU and KTH and operates with permission of the Swedish Financial Supervisory Authority and the Swedish Authority for Privacy Protection. Read more about Invoier Read more about Invoier