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.
The lowdown on the award winning Scottish startup and its innovative health monitoring device
The children's toys that burst to life with your smartphone or tablet through the magic of augmented reality...
Developed by Falmouth University in Cornwall, Launchpad is an innovative, post-grad incubation and acceleration programme. We take a look at some of the previous Launchpad alumni.
Time is a precious resource for every startup business. Here are 4 time management tips for startup owners to help juggle a huge number of tasks.
Influencer marketing has become a key promotional tool for brands and companies. With this in mind, RDB offer up their do's and don'ts when working with influencers.
Belfast-based software cyber security company Uleska announces that it has secured £500k in investment and sales, which will enable it to significantly grow product development and double its headcount.
The innovative app enabling young footballers to showcase their skills and talent...
The startup that's on a mission to make selling using AR technology easier than ever before...
Voiced by Stephen Fry, ‘Einstein on Time’ will be the first in a children’s educational app series – “Human Heroes” - centred on history’s greatest minds.
A look at some of the standout tech startups from the inaugural Ignite 2.0 remote accelerator programme...
Published on: 27th September 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Ignite Accelerator 2019 opens for North East England startups 16th Nov 2018 North East of England entrepreneurs and startups take note! The Ignite accelerator, a 6 month remote accelerator for MVP stage founders or teams is back.
- Blockchain lab for startups StateZero Labs to offer £50k equity-free 15th Nov 2018 London-based StateZero Labs, the world’s first dedicated Blockchain Lab for startups, will be opening its doors to six selected startups as part of its first cohort in January 2019.
- UK scaling startups sort for Upscale Tech Nation programme 5th Nov 2018 UK-wide scaling startups take note! This free programme, care of Tech Nation is aimed at further accelerating the growth of your business.
- Chancellor’s ‘little extras’ will not undo 8 years of cuts to public services, says TUC 29th Oct 2018 Commenting on the 2018 Budget Statement, which set out the government’s spending plans up to 2024, TUC General Secretary Frances O’Grady had this to say...
