Circular Economy Fintech Diem Secures $5.5M via Seed Round led by Fasanara Capital

UK-based Diem, a startup that aims to combine traditional banking with a service that allows users to sell their unwanted items to the company, has secured $5.5 million in capital via a seed round that was led by Fasanara Capital.

Diem provides a user account, a Visa debit card, and financial management tools. However the Fintech firm says it’s differentiating itself from other service providers with its “cash out” feature that lets clients acquire instant credit for unwanted items.

Clients may use the Diem app to get an estimate or valuation for their unwanted items such as books, clothing, electronics in “nanoseconds.” If clients decide to sell some goods, then Diem will purchase them directly and will provide instant credit (deposited quickly to their accounts).

Read the full article at: www.crowdfundinsider.com