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musicMagpie

musicmagpie.co.uk

Founded Year

2007

Stage

PIPE | IPO

Total Raised

$28M

Market Cap

0.02B

About musicMagpie

musicMagpie operates a recommerce platform that allows customers to easily get cash for their unwanted tech and media items. It then refurbishes those products back to a good-as-new condition before reselling them in its own platform as well as global marketplaces. The firm was founded in 2007 and is based in Stockport, United Kingdom.

Headquarters Location

First Floor, One Stockport Exchange Railway Road

Stockport, England, SK1 3SW,

United Kingdom

+44 0330 223 0989

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Expert Collections containing musicMagpie

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musicMagpie is included in 1 Expert Collection, including E-Commerce.

E

E-Commerce

9,879 items

Latest musicMagpie News

MusicMagpie completes roll-out of SmartDrop kiosks at Asda stores

Nov 8, 2022

11/08/2022 | 08:06am EST Message : *Required fields (Alliance News) - musicMagpie PLC on Tuesday said it has completed the roll-out of its SmartDrop kiosks in Asda stores across the UK. musicMagpie is a Stockport, England-based used-technology reseller It says there are kiosks in 290 Asda stores meaning "90% of the UK's population live within a 15-minute drive of one". The kiosks offer a "faster and easier way" to recycle unwanted phones for "instant cash". Customers take their phone to a kiosk, receive a valuation, deposit it, and then have the money paid to their bank or PayPal account. The kiosks are part of a wider sustainability partnership between musicMagpie and Asda. An affiliate agreement between the two businesses means that Asda customers can buy and sell refurbished consumer technology and entertainment products with musicMagpie through the Asda website and mobile app. Chief Executive Officer & Co-Founder Steve Oliver said: "We are delighted to have completed the rollout of our innovative SmartDrop kiosks with Asda. In the current climate, it's critically important that we make it as easy as possible for people to free up cash - especially as we know that that the average household has 11 items of unused consumer technology lying around, totalling GBP16.5bn across the UK and depreciating by the day. "The wider partnership with Asda is an integral part of our 'buy more, sell more, rent more' strategy, and gives consumers even more opportunities to make decisions that are both smart for them and smart for the planet." Shares in musicMagpie were trading 0.8% lower at 12.20 pence each in London on Tuesday afternoon. By Chris Dorrell; chrisdorrell@alliancenews.com

musicMagpie Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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musicMagpie Rank

musicMagpie Frequently Asked Questions (FAQ)

  • When was musicMagpie founded?

    musicMagpie was founded in 2007.

  • Where is musicMagpie's headquarters?

    musicMagpie's headquarters is located at First Floor, One Stockport Exchange, Stockport.

  • What is musicMagpie's latest funding round?

    musicMagpie's latest funding round is PIPE.

  • How much did musicMagpie raise?

    musicMagpie raised a total of $28M.

  • Who are the investors of musicMagpie?

    Investors of musicMagpie include Schroders, Silicon Valley Bank and NVM Private Equity.

  • Who are musicMagpie's competitors?

    Competitors of musicMagpie include Back Market and 2 more.

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