Startup of the Week - Fat Lama
by Startacus Admin
We’ve probably all been there at one point or another. Ever had to buy something even though you knew you would probably only use it once? And been wishing in vain that you could just borrow one instead?
Us too.
Whether it’s a tent for that one-off camping trip or a power washer to finally clean the patio - it can be pretty frustrating to have to spend money on something that you know you may never or rarely use again.
Help is now at hand however thanks to our latest Startup of the Week.
Fat Lama is an online platform that connects people who need things, with others in their neighbourhood that have it to lend.
The premise is that by lending out your possessions through the site, you can “make your stuff work for you.”
Here’s how it works:
As a lender, simply list the item you want to lend on the platform, add some pics and outline the price, location and details of when it’s available.
Interested borrowers can then use the platform’s messaging service to contact you, make arrangements to borrow said item and also make payment for the borrowing.
There are all sorts of items listed on Fat Lama - everything from Projector Screens to Wedding Dresses! Most importantly, all the items listed are fully covered by Insurance so lenders are well protected.
The platform’s benefits are clear to see. It is a fab resource for people looking to make a bit of extra cash on items they already own. It is a great way of people forging new links within their local communities and it is, of course really helping the environment.
Borrowing is the new buying…
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
EISA Survey reveals how key growth businesses needing investment now may disappear within 12 months if Government fails to act
Selfie Salon wants you to join the #selfiesalon movement to #stayhomesavelives by showing your support in taking a before-and-after beauty self-grooming picture!
Coronavirus. How do you survive as a business owner with minimal or no business at all? Consider the following tips...
Crowdcube launches campaign and calls on the government to take action to protect Britain's entrepreneurial future...
A UK-based social enterprise Lanterne, has developed, and is soon to launch, Keep Your Distance, a free app that will help us observe social distancing.
Bring! is a digital grocery tool that simplifies grocery shopping for you and anyone you are shopping for.
In a bid to help brands during the current pandemic, the GreenJinn grocery app makes some rapid changes to its service
Coronavirus & furloughing employees. Nichola Hailes of Payfit looks to answer some of the most frequently asked questions about the job retention scheme.
For startups entering the food industry, here's why accurate labelling on ready-to-eat food products is important.
Whether you’re looking to create a frugal startup, or it’s already up and running, here are 4 tips to reduce costs while keeping the work environment pleasant.
Published on: 27th September 2017
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Industry survey indicates impact of COVID19 on growth businesses needing investment 7th Apr 2020 EISA Survey reveals how key growth businesses needing investment now may disappear within 12 months if Government fails to act
- Save Our Startups campaign launched 5th Apr 2020 Crowdcube launches campaign and calls on the government to take action to protect Britain's entrepreneurial future...
- Cerebreon the Irish deep learning startup raises £1.5m in seed funding 31st Mar 2020 The insolvency technology startup secures funding to help support the UK's most vulnerable consumers to avoid bankruptcy
- Chivas Venture divides this year's $1m Venture Fund between 26 global Startups 23rd Mar 2020 In response to the COVID-19 pandemic, Chivas Divides its $1m No-Strings Venture Fund Between 26 Startups
