About Fat Llama
Fat Llama offers a peer-to-peer rental marketplace. It provides services for users to list and rent products of any variety and connects people with others in their neighborhood. The company was formerly known as Fat Lama. It was founded in 2016 and is based in London, United Kingdom. In August 2022, Fat Llama was acquired by Hygglo.
Expert Collections containing Fat Llama
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Fat Llama is included in 1 Expert Collection, including E-Commerce.
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Latest Fat Llama News
Sep 29, 2023
Business Telegraph September 29, 2023 Britons can earn thousands of pounds each year by renting out their belongings (Image: GETTY) Britons can earn thousands of pounds each year by renting out their belongings, however, an expert warns there are potential risks to be aware of. Renting, rather than buying high-ticket items, is growing in popularity with consumers for financial and environmental reasons, meaning there is money to be made if people have something people may want to hire. Dan Whittaker, personal finance expert at Little-Loans.com , has revealed four ways to earn money by renting out one’s possessions, as well as the risks to be aware of before taking the plunge. He said: “Renting items is increasing in popularity and for good reason; it allows your possessions to be reused and enjoyed by others while providing you with an additional source of income. “However, it’s important to consider the potential risks of renting out your possessions before embarking on a side hustle.” Britons can rent out their driveways to make some extra cash (Image: GETTY) Clothes As the cost-of-living crisis continues, Britons are making more financial and economic decisions when it comes to their clothes. Instead of buying an overpriced occasion dress to just wear once, many people are opting for renting websites to have the dress for a few days, for half the price. Websites like By Rotation and My Wardrobe HQ give people the freedom to list their designer clothes and decide on the rate they want to charge and the duration. Mr Whittaker explained it works best if people have exclusive designer and mid-luxury occasion wear that people can’t justify buying to wear just once. He said: “On My Wardrobe HQ, renting a bag has an estimated range from £4 to £116 for a day, averaging at £60. They change a 40 percent commission rate; so, if you were to rent out a bag for £36 a day, after commission, at a rate of once a week, you could be expected to pocket around £144 a month, £1,728 in a year.” As the cost of living crisis continues, any extra cash could be vital for families on low incomes (Image: GETTY) He warned, however, clothes and items can come back damaged or broken and the renter can be required to pay people an additional fee. People also need to factor in the dry-cleaning costs of the rented clothes. Estimated annual earnings: £1,728 Vehicles Those who own a car, motorcycle, bike, or van may have a potential side hustle on their hands. Peer-to-peer car rental companies are service-built to help people rent out their vehicles to other drivers. Mr Whittaker warned the dangers of lending one’s vehicle to a complete stranger are extensive, so weighing up the pros and cons beforehand is vital. He said: “Read the terms and conditions of any website thoroughly before deciding to list your car. “Renting your vehicle is bound to increase its mileage, which reduces its value over time. You may want to take this into account when considering this side hustle.” The data, from popular online parking portal YourParkingSpace.com, revealed that total income varied across the country. Car parking space Mr Whittaker stated: “Owning a car parking space in a bustling city centre can be a goldmine.” If households have a space going spare, they can consider renting it out. There are a number of websites available which allow people to list their space, including Your Parking Space, Just Park, and Place2Park. Even driveways can be listed too. The amount people could earn from this side hustle will vary but, on average, the personal expert found that people could rent out their car parking space in Manchester City Centre from £105 up to £187.50 per month – this works out at an average of £146.25. If someone were to permanently rent their car parking space over the course of a year, they could pocket around £1,755. If they live in Central London, where parking is at a premium, there’s the potential for even more earnings. However, if someone lives in a more rural area the earnings could be much less. Estimated annual earnings: £1,755 Equipment and gadgets Expensive items are “a great commodity” to rent out. People don’t want the commitment or expense of buying, so if someone already owns it and only needs it occasionally, renting can become attractive. This includes gadgets such as cameras, drones, music equipment, and kitchen appliances. These are all high-ticket items that could be of interest to others. Mr Whittaker said: “The Fat Llama app allows people to rent out pretty much anything, but be aware that they charge a 25 percent service fee from the owner. “A Sony A7III camera is listed for £60 for a day on Fat Llama, whereas the cost to buy new is £1,799.99 at Jessops. This means, that after fees, you would need to rent it out 40 times in order to start gaining profit. “Again, check the terms and conditions of any site before listing your items, particularly in regard to liability for damaged or lost valuables.” Estimated annual earnings: £1,080
Fat Llama Frequently Asked Questions (FAQ)
When was Fat Llama founded?
Fat Llama was founded in 2016.
Where is Fat Llama's headquarters?
Fat Llama's headquarters is located at 107 Cheapside, London.
What is Fat Llama's latest funding round?
Fat Llama's latest funding round is Acquired.
How much did Fat Llama raise?
Fat Llama raised a total of $13.06M.
Who are the investors of Fat Llama?
Investors of Fat Llama include Hygglo, Y Combinator, Blossom Capital, Atomico, Paul Buchheit and 5 more.
Who are Fat Llama's competitors?
Competitors of Fat Llama include Wedio.
Compare Fat Llama to Competitors
Hygglo is a peer-to-peer rental service operating in the sharing economy sector. The company's main service involves facilitating the rental of personal items between individuals, providing a convenient, environmentally friendly alternative to purchasing. Its primary customer base is within the peer-to-peer sharing industry. It was founded in 2016 and is based in Stockholm, Sweden.
MPB provides a marketplace for used photo and video equipment. It offers both buy and sell services through the same platform. The company was founded in 2011 and is based in Brighton, United Kingdom.
Wedio is an online community and marketplace for the rental of professional film and photo equipment. It allows users to hire and rent film gear from local creators. The company was founded in 2018 and is based in Arhus, Denmark.
Co-Rent develops a platform for the shared rental of film and cinema equipment. With Co-Rent, audiovisual professionals are not only able to rent what they need but can also share their equipment and earn from it. The company was founded in 2014 and is based in Bologna, Italy.
BoxedUp operates as a rental commerce platform in the equipment rental industry. The company offers a range of services including an e-commerce storefront, inventory management, same-day delivery, invoice and payment management, order management, and quote automation. It primarily serves sectors such as events, heavy equipment, industrial, motion picture, sporting goods, storage, and tools. It was founded in 2019 and is based in Seattle, Washington.
Beazy is a company that operates in the creative industry, focusing on content production. The company offers a platform where users can organize photo or video shoots, rent equipment, find shooting locations, and connect with a global network of creative professionals. Beazy primarily serves the creative and content production industry. It was founded in 2018 and is based in Berlin, Germany.