BUSINESS MODEL

Business Model

Fyndiq offers an online marketplace platform which works on a commission based model. This means, Fyndiq offers a technical platform for merchants to offer retail products for sale to consumers (B2C). Fyndiq markets products on and outside the platform to generate sales for the merchants offering the products. Fyndiq does not hold any product stock or sells products directly to customers.

When an order is placed by a customer through the Fyndiq platform, the contractual relationship is between the merchant and customer. Fyndiq only acts as an intermediary to facilitate the transaction and handle communications.