HasUsed Joins Forces with FasterCapital to Revolutionize Verified Second-Hand Market
New York, United States & Dubai, UAE – Feb 24, 2025
HasUsed, an innovative platform for buying and selling verified second-hand items, today announced a strategic partnership with FasterCapital through its Raise Captial program. This collaboration aims to accelerate HasUsed.com’s expansion across the U.S. market by leveraging FasterCapital’s global resources and expertise to address trust and sustainability challenges in the second-hand economy.
Market Opportunity & Problem Statement
The global second-hand market is projected to reach $330 billion by 2027, driven by growing consumer demand for sustainable and affordable alternatives to new products. Despite this growth, buyers face persistent trust issues related to counterfeit goods and inaccurate listings, while sellers struggle to establish credibility. Current marketplaces lack structured content on product repurposing and community engagement, leaving a significant gap in user education and confidence. HasUsed.com targets this white space by offering a verified, transparent ecosystem that fosters both commerce and creativity in the resale economy.
Startup Solution & Differentiation
HasUsed.com differentiates itself through a robust seller and item verification system combined with AI-powered review aggregation, ensuring transaction transparency and reliability. The platform’s unique community-driven content section empowers users to share detailed reviews, usage tips, and innovative upcycling ideas, enhancing product lifecycle value. Early traction includes a growing user base with positive feedback on trustworthiness and engagement, positioning HasUsed.com as a market pioneer. This defensible approach addresses key pain points overlooked by traditional resale platforms, establishing HasUsed.com as a leader in sustainable, verified second-hand commerce.
FasterCapital Partnership Value
Through FasterCapital’s Raise Captial program, HasUsed.com gains access to tailored mentorship, strategic guidance, and capital-raising support essential for scaling operations. FasterCapital’s rigorous selection process underscores HasUsed.com’s high potential and market fit, providing validation from a global innovation leader. The partnership accelerates HasUsed.com’s go-to-market strategy, leveraging FasterCapital’s extensive network and resources to fast-track product development and user acquisition, with a targeted timeline for Series A funding within 12 months.
Executive Quotes
“HasUsed.com exemplifies the kind of forward-thinking startup that aligns perfectly with FasterCapital’s mission to nurture innovation with global impact,” said Hesham Zreik, Founder and CEO of FasterCapital. “Their verified marketplace model addresses critical trust issues in the booming second-hand market, and we’re excited to support their journey toward market leadership.”
Sam Abney, Co-founder and CEO of HasUsed.com, added, “Partnering with FasterCapital through the Raise Captial program is a pivotal step in realizing our vision of a trusted, sustainable resale ecosystem. Their expertise and resources will enable us to scale rapidly, enhance our platform’s capabilities, and empower more consumers to embrace second-hand shopping with confidence.”
Growth Trajectory & Future Plans
In the coming months, HasUsed.com plans to expand its user base across major U.S. cities, enhance AI-driven verification features, and enrich its community content offerings. The startup targets closing a $16 million funding round by Q1 2025 to support technology development and marketing efforts. Long-term, HasUsed.com aims to set new industry standards for transparency and sustainability, becoming the go-to platform for verified second-hand commerce nationwide.
About HasUsed.com
Founded by Sam Abney, HasUsed.com is a U.S.-based startup dedicated to transforming the second-hand market through verified listings, AI-powered reviews, and a vibrant community focused on sustainability and creative reuse. The platform’s mission is to build a trusted ecosystem that makes buying and selling pre-owned items safe, affordable, and environmentally responsible.
About FasterCapital
FasterCapital is a global technology investment platform that accelerates startups through its Raise Captial program, providing funding, mentorship, and strategic support. With a selective approach and proven track record, FasterCapital empowers innovative companies to scale rapidly and achieve market leadership.