People’s Champion finalist 2017: Moteefe
Helping entrepreneurs create and market products through social media; is this social commerce platform your People’s Champion?
Start-up name: Moteefe
Founders: Mathijs Eefting, Olivier Stapylton-Smith and Lev Kundin
Started in: October 2015
Based in: London
Business description: Social commerce platform enabling users to sell customised products through social media
The Moteefe story:
Want to become a social commerce entrepreneur? Moteefe has built a platform that enables you to do just that, helping you to sell custom clothing and merchandise through social media.
Launched in 2015 by founding trio Mathijs Eefting, Olivier Stapylton-Smith and Lev Kundin, who met while undertaking MBAs, the London based start-up works with influencers, brands, clubs and founders to turn any designs into ready-to-sell products.
From payment to production to global shipping and running a dedicated website, Moteefe takes care of everything – all users need to do is market their products and enjoy the profits.
How does it work? The company, which operates across three offices with a team of 37, allows anyone to upload their designs to the platform to create a range of products in less than one minute.
Items are only printed and shipped once orders are received, meaning there’s no upfront costs for the user, and then Moteefe takes a small cut from each item before passing on maximum profits to the seller.
Backed by over £2m investment –which includes a £1.75m Seedrs crowdfunding round – Eefting, Stapylton-Smith and Kundin say their business motivation comes from helping people “to supplement their dreams” and “quit their day job in favour of flexible working and unlimited rewards”.
Having recently enjoyed 35% month-on-month sales growth, the start-up is projecting sales of £30m next year.
Why Moteefe made our shortlist:
A start-up helping other start-ups to realise their ideas, Moteefe has supported hundreds of sellers across the world, with many making a living via the platform and generating sales of over £20,000 per month.
A sustainable business – holding zero stock with zero printing facilities – it’s easy to see why the crowd gave their backing to this two-year-old retail business.