What is Flubit? Flubit Review

Flubit is a British online shopping startup, a British e-commerce company known for its competitive prices. It has more than 70 million products on sale and allows sellers to integrate their own product catalogs.

About Flubit

Flubit is the largest branded goods platform in the UK. With over 1 million products listed every week, it is known as the UK version of Amazon, but at a lower price. Flubit is known for its low prices. You can integrate your product listings with the site through SKU Cloud, a multi-channel sales solution provider. Currently, Flubit is only available to online sellers registered in the UK.

Product Categories

Flubit has thousands of products that are cheaper than Amazon and operates across 22 vertical markets, including consumer electronics, video games, home and garden, toys and games, baby products, beauty, and more.

Operational Model

The most eye-catching thing about the Flubit platform is that there is no fee and no commission.

Flubit’s model as a market disruptor is unique: it makes it simple for shoppers to buy something on Amazon UK, and if they send a link to Flubit, they will offer a better price for that product. These personalized private offers are time-limited, so customers can act fast. According to Flubit, e-commerce conversion rates are typically 3%, while Flubit’s conversion rates are as high as 30%.

Latest News

In July 2018, according to Businesswire, blockchain technology company MonETAryUnit acquired e-commerce startup Flubit.com and will launch an e-commerce shopping platform that supports more than 500 digital currency payments.

Financing

-In April 2011, Flubit received a seed round of financing of US$50,000, and the investor was not disclosed.

-In May 2011, Flubit received US$950,000 in angel round financing, and the investor was not disclosed.

-In January 2012, Flubit received US$1.8 million in Pre-A round of financing, and the investor was not disclosed.

-In May 2014, Flubit received Series A funding from Andurance Ventures LLP and Cocoon Wealth.