Ways of Designing, e-waste and recycling: Formafantasma.

Furloughed from her hospitality job during the first lockdown, Hannah Russo was trying to sell her child’s baby clothes when she found many other mothers trying to do the same. From there has come Babybundle, a website where parents can buy and sell bundles of often unused clothes to each other. “Many mums are gifted baby clothes, or have seen how quickly their babies outgrow clothes, with some not even worn due to size and seasonality. The mums share the interest to pass on these clothes. Secondhand is no longer second best – it comes with many benefits: economically, sustainability, and also mums supporting one another,” she says.

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).