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Loopi operates an online marketplace for second-hand apparel, focused on making sustainable fashion choices accessible and affordable. The company employs a user-friendly platform designed to simplify the process of buying and selling pre-loved clothing, aiming to make transactions seamless and risk-free for consumers. This technical approach underscores a commitment to efficiency and consumer trust in the circular fashion economy.
The company was incorporated on August 12, 2021, co-founded by Carl Walker, Sarah Dean, and Katie Walker, with Carl Walker leading as CEO. The founders established Loopi based on an insight into the growing market need for a more efficient, impactful, and trustworthy experience within the second-hand fashion sector. Carl Walker and Sarah Dean bring relevant prior experience, having successfully scaled GoThrift.
Loopi serves individuals seeking sustainable and affordable fashion options, offering a curated selection of quality pre-owned garments. The company’s long-term vision is to fundamentally shift consumer behavior towards circularity, transforming the perception of second-hand clothing to establish it as a primary and desirable choice in the broader fashion industry, fostering a more sustainable future.
Loopi has raised $5.0M across 1 funding round.
Loopi has raised $5.0M in total across 1 funding round.
Loopi is a financial technology company founded in 2021 and headquartered in Sao Paulo, Brazil, specializing in receivables anticipation solutions within the embedded finance sector.[1] It offers a platform that enables medium-sized companies to accelerate supplier payments, manage accounts receivable, and streamline financial transactions, addressing supply chain financing challenges.[1] The company, formerly known as LoopiPay, raised $5M in a Seed VC round about four years ago from investors including Simon Borrero, Norte Ventures, Andres Bilbao, ONECV, and Monashees+, and remains in an active stage despite a recent Mosaic Score decline.[1]
Loopi was founded in 2021 in Sao Paulo, Brazil, initially operating as LoopiPay before rebranding.[1] Specific founder details are not available in public records, but the company emerged in the fintech space to tackle inefficiencies in supply chain finance for medium-sized businesses.[1] Early traction included integration with platforms like Ledger Live in Brazil, enabling PIX-based cryptocurrency purchases as noted in a 2022 announcement, marking a pivotal moment in embedded finance adoption.[1]
Loopi rides the embedded finance trend, where fintech solutions integrate directly into business operations to optimize cash flow in supply chains, particularly in emerging markets like Brazil.[1] Timing aligns with rising demand for receivables financing amid economic volatility in Latin America, where medium-sized firms face payment delays; market forces like PIX adoption and VC interest in fintech favor its growth.[1] It influences the ecosystem by enabling faster transactions for partners like Ledger, contributing to broader digital finance adoption in the region.[1]
Loopi is positioned to expand in Latin American embedded finance, potentially scaling its platform amid growing supply chain digitization. Trends like AI-driven finance tools and regional economic recovery could boost traction, though its stagnant funding since ~2021 and recent Mosaic Score drop signal risks.[1] Influence may evolve through deeper integrations, evolving from a seed-stage player to a key enabler in Brazil's fintech ecosystem, tying back to its core mission of accelerating business payments.
Loopi has raised $5.0M in total across 1 funding round.
Loopi's investors include 3one4 Capital, Andreessen Horowitz, BoxGroup, Digital Currency Group, Fifth Wall, First Round Capital, Flybridge Capital Partners, General Catalyst, Gutter Capital, Andrew Wheeler, Independent, Master Ventures Investment Management.
Loopi has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in June 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2021 | $5M Seed | — | 3one4 Capital, Andreessen Horowitz, BoxGroup, Digital Currency Group, Fifth Wall, First Round Capital, Flybridge Capital Partners, General Catalyst, Gutter Capital, Andrew Wheeler, Independent, Master Ventures Investment Management, Monashees, Jonathan Golden, Norte Ventures, Hans Tung, Notable Capital, Silence, Trajectory Ventures, Valor Capital Group, Chris Larsen, Guilherme Bonifacio, Henry Kravis, Justin Timberlake, Ricardo Coelho Duarte, Scott Belsky, Wiley Cerilli | Announced |
