Barclays has joined alongside one another with fellow investors Techstart Ventures, Rafal Brzoska, and Sarah Friar in a $six.six million Seed Round of financial investment funds in Responsible, creators of the world’s very first embedded finance system in manner. The funding will be utilized to extend Responsible’s arrive at during Europe and increase its community of manufacturer partnerships.
This marks the major seed spherical of funds to be secured to date within just the reCommerce sector, giving Responsible the opportunity to make a significant modify in the business, Barclays mentioned in a media release.
Responsible has developed a technology resolution known as Acquire Again that can be quickly built-in into a brand’s e-commerce and actual physical stores. The technology is built-in at the issue of buy to tell consumers of the residual price of the item they are about to purchase. The shopper is cost-free to don the garment and