Finsu, a London-based sustainable shopping platform, announced on Monday, January 15 that it has sold its online aggregator business to an entity controlled by serial technology entrepreneur Dr. Sven Lakhain.
The move is aimed at allowing Finsu to scale up its sustainable e-commerce approach more quickly.
Dr. Rahahin has founded and led several technology companies and raised millions of dollars in venture capital.
Dr. Sven Lachhein said: “I am very excited to lead Finsu into its next chapter. The founding team has built a strong foundation and we are very excited about the potential of their technology, market fit and established network. We are confident. We will work hard to make a large-scale positive impact and accelerate existing growth.”
As part of the deal, the founders will continue to be involved in the new business as strategic advisors.
Finsu: Sustainable Shopping Platform
Founded in 2021 by Frédéric Muerke, Dr. Julius Simon, and Rick Rodriguez, Finsu's custom-built technology has made strides in connecting consumers with leading sustainable brands online.
The platform combines value-based shopping with conscience.
Thanks to this platform, consumers can find their ethical needs, from vegan products to carbon-neutral labels and labor advocates, all in one place.
Finsu features thousands of products from dozens of conscious fashion leaders. Since its inception, the company has partnered with dozens of leading sustainable brands, consistently experienced rapid sales and user growth, and raised two rounds of funding from multiple professional investors.
“I am extremely proud of what our team has accomplished in such a short period of time,” said CEO Frédéric Muerke.
“Finsu’s strong traction to date shows great potential in removing access barriers to demonstrably green brands, and Sven and his team are excited to bring the vision to an even wider audience. , we are well-positioned to help accelerate Finsu's positive impact.'' It's extremely rewarding to see their level of confidence in what we've built. ” Muerke said.