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Founded Year

2016

Stage

Seed VC | Alive

Total Raised

$1.55M

Last Raised

$1.27M | 2 yrs ago

About Flecto

Flecto is a platform that unlocks rental operations and optimizes the experience for both people and businesses. Its rental model enables a higher turnover of products, extending their life cycle and thus reducing the need for non-renewable resources as well as carbon dioxide (CO2) emissions. Flecto was formerly known as Rnters and rebranded in June 2022. The company was founded in 2016 and is based in Leiria, Portugal.

Headquarters Location

Rua Dr. Adolfo Leitao, nº 2 Sao Pedro de Moel

Leiria, 2430511,

Portugal

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Flecto's Product Videos

ESPs containing Flecto

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Fashion Tech

The white-label clothing rental platforms market allows brands to create their own branded clothing rental services without the need for extensive development. This market offers customizable platforms that integrate seamlessly with existing business models, offering features such as inventory management, customer profiles, and secure payment processing. By leveraging white-label clothing rental p…

Flecto named as Outperformer among 5 other companies, including Lizee, CaaStle, and Rentle.

Flecto's Products & Differentiators

    Flecto

    Rental management software

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Research containing Flecto

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Flecto in 1 CB Insights research brief, most recently on Sep 14, 2023.

Expert Collections containing Flecto

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

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

E

E-Commerce

451 items

Companies that are a subset of e-commerce that introduce social elements into the online purchasing experience. This includes peer-to-peer selling, group buying, influencer networks (including influencer marketing agencies), and technology that enables social selling.

Latest Flecto News

Indonesia's $6B Luxury Watch Market: Flecto.id Redefines Buying and Selling of These Coveted Collectibles

Jun 7, 2023

News Provided By Share This Article Flecto authenticates all watches sold through the platform Flecto, the leading Indonesian luxury watch online marketplace, is revolutionizing the way discerning buyers access premium watches. Our goal with Flecto is to provide discerning buyers with a curated selection of premium timepieces, supported by transparency, authenticity, and a seamless shopping experience. ” — Gary Lilardi JAKARTA, JAKARTA, INDONESIA, June 7, 2023/ EINPresswire.com / -- The luxury watch market in Indonesia is massive, with more than US$6B worth of watches in circulation in the country and more than US$600M worth of watches exchanged every year. Flecto, the leading Indonesian luxury watch online marketplace, is revolutionizing the way discerning buyers access premium watches. With an extensive collection of over 1,800 watches, Flecto proudly boasts the largest selection of luxury watches available for sale in Indonesia. By addressing the growing demand for transparency and authenticity in the pre-owned luxury watch market, Flecto provides a trusted platform for buyers to indulge in their passion with confidence. Recently, the value of luxury watches in Asia has skyrocketed and has outperformed stocks and crypto gains. For example, Rolex Submariner, the iconic watch that is well-known among watch enthusiasts, experienced a price increase of more than 50% above its official retail price in 2020 and 2021. This increase in demand is driven due to the availability of online literature about horology and also from investors looking to purchase watches as an investment asset with clear utility. "We are seeing a massive growth of interest in luxury watches that led to customer purchases,” said Gary Lilardi, CEO and Co-Founder of Flecto. "Our goal is to provide discerning buyers with a curated selection of premium timepieces, supported by transparency, authenticity, and a seamless shopping experience. We believe that Flecto will redefine the way luxury timepieces are bought and sold in Indonesia." One of the key differentiators of Flecto is its dedication to providing authentic luxury timepieces. Counterfeit watches is a globally recognized problem that has affected the Swiss watch industry. Recognizing the importance of trust and confidence when purchasing pre-owned luxury watches, Flecto offers authentication services by its in-house team of Flecto Watch Specialists. This authentication process guarantees that each watch is genuine, relieving buyers of any concerns about authenticity. The company offers secure escrow payment, insured shipping, and a transparent return policy. By prioritizing transparency, trust, and authenticity, Flecto establishes itself as a trusted partner for luxury watch enthusiasts across Indonesia. Flecto's online marketplace boasts a range of curated selection of luxury watches from verified merchants. Authorized merchants and collectors can now showcase their inventory online and expand their reach to a wide group of luxury watch buyers and enthusiasts. Flecto is committed to creating a dynamic marketplace that fosters collaboration and supports the growth of the luxury watch industry in Indonesia for both buyers and sellers. Furthermore, to ensure the availability of brand new watches from trusted sources, Flecto has established partnerships with official brand authorized dealers. This strategic collaboration enables Flecto to offer a wide selection of brand new luxury watches, straight from authorized channels. By combining pre-owned and brand new watches, Flecto offers customers a comprehensive range of choices, catering to every preference and budget. “When merchants join Flecto, they will have access to a unique set of features that is available only to Flecto merchants”. Remarked Nikolas Tjhin, COO and Co-Founder of Flecto. “Merchants are able to reach a wider audience, manage their watch inventory, and get access to financial service products such as working-capital loans”. The value of luxury watches in circulation in Indonesia is estimated to be US$6B, which represents a large opportunity for Flecto to provide commerce and lending services on luxury watches as a commodity. Flecto is slated to become the go-to destination for luxury watch enthusiasts in Indonesia, setting new industry standards for selection, transparency, and customer satisfaction. To date, the company has booked GMV of more than US$500,000, and watch inventory value of over US$8M from 30+ merchants on its platform. Visit the Flecto.id website today to explore the unrivaled collection of luxury watches and experience the future of luxury watch shopping. About Flecto: Flecto is Indonesia's leading luxury watch online marketplace, dedicated to connecting discerning buyers with a curated collection of premium timepieces. With a commitment to transparency, authenticity, and exceptional customer experience, Flecto offers the largest selection of luxury watches available for sale in Indonesia. For Media Inquiries, please contact: Nikolas Tjhin

Flecto Frequently Asked Questions (FAQ)

  • When was Flecto founded?

    Flecto was founded in 2016.

  • Where is Flecto's headquarters?

    Flecto's headquarters is located at Rua Dr. Adolfo Leitao, nº 2, Leiria.

  • What is Flecto's latest funding round?

    Flecto's latest funding round is Seed VC.

  • How much did Flecto raise?

    Flecto raised a total of $1.55M.

  • Who are the investors of Flecto?

    Investors of Flecto include Techstars Ventures, Ubermorgen, MSM, Techstars Lisbon in Partnership with Semapa Next and Maze X.

  • Who are Flecto's competitors?

    Competitors of Flecto include Rentle and 2 more.

  • What products does Flecto offer?

    Flecto's products include Flecto and 2 more.

  • Who are Flecto's customers?

    Customers of Flecto include Rent a Camera, EH Soluções Integradas, Rui Portela, Colorama and Bizaction.

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Compare Flecto to Competitors

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loopt

loopt operates as an e-commerce platform offering the ability for brands to run their rental subscription program. It enables rental subscriptions for everyday items like fashion, furniture, toys, and more to increase sustainability, customer loyalty, and revenue. The company was founded in 2018 and is based in Toronto, Canada.

L
Lizee

Lizee offers a rental logistics platform for brands and retailers. It provides order management, returns management, and advanced analytics products. The company offers optimization of the e-commerce site, packing, shipping, and payments for rented products, and quality checks for returned products. The company was founded in 2019 and is based in Paris, France.

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circuly

Circuly is a software company focused on providing solutions for subscription-based business models, particularly in the sectors of cars, baby goods, micromobility, and furniture. The company offers a software-as-a-service solution that manages, automates, and scales operations for businesses that offer physical products on a subscription basis, including features such as subscription management, recurring billing and invoicing, product return and tracking, and hosted checkout. Circuly primarily serves startups and enterprises looking to launch or scale their subscription or product-as-a-service businesses. It was founded in 2019 and is based in North Rhine-Westphalia, Germany.

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Rentle

Rentle is a commerce platform operating in the retail technology sector. The company provides a platform that enables businesses to sell, rent, and resell products, offering features such as online payments, inventory management, and order fulfillment. Rentle primarily serves the retail industry. It was founded in 2018 and is based in Espoo, Finland.

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Booqable

Booqable is a company that focuses on providing rental software solutions, operating within the software and technology industry. The company offers an all-in-one software that assists small and medium-sized rental businesses in managing their operations more efficiently, including accepting bookings and handling day-to-day tasks. The primary sector Booqable serves is the rental industry. It was founded in 2014 and is based in Leeuwarden, Netherlands.

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Thermeon

Thermeon is a software company that specializes in the car rental industry. The company offers a comprehensive car rental software solution, CARS+, which provides tools for vehicle reservation, management, and rental operations, as well as online booking and accounting functionalities. Thermeon primarily serves the vehicle rental industry, catering to both large global brands and smaller independent operators. It is based in London, England.

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