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Small Business Is The Next Huge Thing, As Faire Reaches $7 Billion Valuation

Online marketplace Faire bet on independent retailers, and investors are backing them in a big way, with a $260 million funding round.

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Faire Expands Into Europe With New Funding Round At $7 Billion Valuation

Online marketplace Faire bet on independent retailers, and investors are backing them in a big way, with a $260 million funding round.

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Introducing the UK's newest wholesale marketplace

Lauren Cooks Levitan, Faire CFO The marketplace, founded in the US in 2017, currently supplies 170,000 independent retailers across North America with adult and children s clothing, footwear, jewellery and homeware from more than 15,000 brands. UK retailers currently include Wilf & Wildlings in Yorkshire, Boutique 8 in Hertfordshire, Rebel & Rain in Cheshire, and Boho Buffalo, an online-only retailer, among others. The business supports a “wide range of price point offerings”. Faire offers a platform for independent retailers to stock their stores with goods from more than 70 countries around the world, including the UK. It promises its retail customers data-led insights into what is likely to sell well, competitive credit, free returns and shipping solutions that take account of the changes to exporting that have followed Brexit. For a limited period, the marketplace is offering free shipping to European retailers.

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