Tradera has been a wholly-owned subsidiary of PayPal since 2015 (initially acquired by Ebay Inc. in 2006) but has primarily operated on a stand-alone basis. The Management of Tradera, together with PayPal, agreed that an MBO of Tradera was in the best interest of all parties, allowing Management to realise its ambitions for the Company. The Company will now focus on its growth agenda and expansion to new geographies.
Tradera is a Swedish online C2C and B2C marketplace focused on the circular economy, with listings comprising mainly fast-moving consumer goods, ranging from fashion, interior design to tech, and especially rarer collectibles. The Company has approximately 6 million visitors to their website every week.
PayPal is a global financial technology company operating online payment systems, connecting merchants and consumers in more than 200 markets around the world. As of September 2021, PayPal has more than 400 million active accounts and a total payment volume over USD 1 trillion over the last twelve months.