Greek used car trading platform Spotawheel enters the Romanian market

Greek used car trading platform Spotawheel, ranked last year as the fastest growing niche business in Europe, is entering Romania as part of an aggressive expansion plan on the continent, according to Profit.ro The data.

Romanians buy more used imported cars each year than new cars.

The company, still at the startup level, founded in 2016 and based in Athens, is also present in Greece, Poland and Germany.

Spotawheel was launched by Greeks Charis Arvanitis, Kyriakos Agadakos and Christos Zis to arbitrate, exclusively online, transactions for the purchase and sale of used cars.

The company offers the potential buyer the opportunity to choose on the platform the car he wants to test, and the platform promises to deliver it for testing in any part of the country chosen by the customer. At the same time, Spotawheel promises a refund within 7 days of car purchase and a 5-year warranty, the largest used car warranty in Europe.

Spotawheel recently raised $19.6 million in investments and loans with the support of investment funds such as VentureFriends, Velocity Partners and FJ Labs. Last year, the company was ranked 39th out of 1,000 fastest growing companies in Europe by the Financial Times.

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