Swapit Traction Update – March 1st +82% User Growth in One Month

On February 1st we had a great 17,481 users on Swapit. Today on March 1st, 2016 Swapit has made an incredible jump up to 31,810 users!


Compared to our last month’s 94% growth of users, we managed to grow at a steady pace in the past thirty days at about 82% month-over-month.

Have you downloaded Swapit yet? It’s free to join the largest mobile community to trade pre-loved items in Hong Kong: http://get.swapit.la


Read up all historic traction updates from us here: https://swapitblogit.wordpress.com/category/traction/

2,000 Traders – swapit doubled in less than 2 months

Do you remember my blog post on August 18th? It had the title 1,000 Traders – Swapit Just Went 4 Digits. This means in a bit less than 2 months, we were able to grow our user base by over 100%.


We’ve been working hard on recruiting more traders onto our platform. It looks like our growth on that end is accelerating. That’s absolutely great, because we need to ensure our hyper-local marketplace comes with enough marketplace liquidity to sustain.

swapit_marketing-chart-growOther current stats are:

  • Current users: 2,067 (previously 1,002 up 106%)
  • Items posted: 979 (previously 628 up 56%)
  • Value posted: $1,165,498 (previously $482,002 up 142%)
  • Chat messages sent: 4,714 (previously 3,153 up 49%)
  • Comments posted: 2,005 (previously 1,086 up 84%)

Note: the percentages stated above are in relation to the “previous” numbers published in our 1,000 Traders – Swapit Just Went 4 Digits blog post.

Download swapit for free: http://get.swapit.la

More about swapit:

Swapit Secures Support Worth $30,000 from Facebook’s FbStart Program

swapit-blog_fbstartSwapit has just been accepted into Facebook’s FbStart program which gives us access to $30,000 worth of startup services. With great honor, we appreciate the trust brought towards us by the FbStart team. Here is what FbStart is about:

FbStart is a new program from Facebook designed to help early stage mobile startups build and grow their apps.

At Swapit, we are dedicated to take full advantage of the tools and services given to us. Some might not apply to us, but others are really useful. To give you a quick overview of what we can tap into, here is a list of companies that are partners of FbStart and provide some of their services to us:

Category BUILD – Everything you need to build your app and your business

Parse, Adobe, Appmethod, Asana, Balsamiq, GitHub, Mobile Action, Namecheap, Proto.io, Rocket Lawyer, Transparent Business, UserTesting, Yandiki

Category GROW – Grow your app’s reach and engagement with these great tools

Facebook, Facebook Marketing Partners (Nanigans, Glow, Ampush, AdParlor, Social.com), Desk.com, Hootsuite, MailChimp, Transifex, Workable, Zendesk

Category MONETIZE – Start earning revenue from your app with our monetization partners


Here is a quick overview:


Again, we are absolutely delighted to be part of the FbStart eco-system and are looking forward to work together. We have already integrated Facebook into Swapit. We are looking to do much more on that front and revolutionize the way people trade pre-loved items nearby.

Have you tried Swapit yet? Download it at http://get.swapit.la

P.S.: Just in case someone is interested, this is the information I left the RISE conference this year where the FbStart folks talked to me. Seems it worked out to follow up on it.


$1 Million on Swapit


Remember last month when I wrote this blog post about $400,000 on swapit! Now, we have been working in getting more folks on board and use Swapit to trade their goods. At the same time, we have received lots of love from companies like SoftLayer, Microsoft, Street Value and others. It seems to be paying off!

Today the total value of items posted on Swapit surpassed HKD $1,000,000.

That’s a total increase of +115% since our last milestone at $400,000.

We are currently working hard in getting the swapit beta 9 to you. It’s is almost ready and will come with greater ways to buy or sell your pre-loved items. We are looking forward in getting it to you as soon as possible. Stay tuned! Beta 9 will be released very soon!

You didn’t try Swapit yet? Download it for free at http://get.swapit.la

Swapit partners with Street Value Asia

swapit_marketing-svWe have started to collaborate with Street Value Asia for the Hong Kong market. Here is a quick overview of their business:

Street Value is a distribution and brand building partner for global lifestyle brands with a tech focus.

Our extensive knowledge of consumers and deep connections into the China market enables us take young and ambitious brands successfully from launch into established category leaders.

In particular, Swapit is providing its marketplace platform and expertise to Street Value for selling overstock items of the brand products Street Value carriers. Here are some brands Street Value is carrying today:


streetvalue-marshall-major-iiStreet Value is usually the sole distributor in Hong Kong for all the brands they carry. So for example, any Marshall headphone you can buy at Fortress, CitySuper Log-on, DG Lifestyle, G.O.D., HMV, Lane Crawford, etc. (view their full retail network here) comes from Street Value.

Now, Swapit gets access to a wide variety of products and brands in Street Value’s overstock warehouse which can be distributed at huge discounts of at least 50% discount.

Some products of exotic brands actually never made it into the retailers mentioned above and are therefore, pretty much exclusively available on Swapit. That even on very attractive discounts.

Let me show you some examples of products that are now available on Swapit at huge discounts.

iRig PRE. At 52% off the normal retail price, this is a serious bargain! It’s brand new, by the way. View the iRig PRE here: http://items.swapit.la/5670976570261504

Eskuché 45s. 82% off the usual retail price. Who wouldn’t be interested in that? View the Eskuché 45s here: http://items.swapit.la/5176418468102144

X-mini Capsule Speaker. 80% off the usual retail price. You can’t get it any cheaper! View the X-mini here: http://items.swapit.la/5156171992268800

Every day, new products will be made available. So stay tuned! There is more to come.

Have you tried swapit yet? Download it for free: http://get.swapit.la

Swapit Secures Support from Microsoft BizSpark Program

microsoft-bizsparkSwapit has applied for the Microsoft BizSpark Program and has been accepted right away. We are proud to have been selected by Microsoft to become part of their startup eco-system that allows Swapit access to Microsoft’s vast resources, locally and globally.

Here is how Microsoft BizSpark advertises itself:

BizSpark gives startups 3 years of free stuff – software, services, tech support, and Azure cloud. Your startup qualifies if it is less than 5 years old, is privately held, and earns less than $1M annually. And at the end of your 3 years, you keep all the software you’ve downloaded – at no cost.

Benefits of the BizSpark program Swapit can tap into:

  1. MSDN Subscriptions (worth US$40,000)
  2. Microsoft Azure Benefits (worth US$27,000)
  3. Windows & Windows Phone Developer Accounts (worth US$300)
  4. Office 365 Subscription (worth US$1,500)

So in total, Swapit can access benefits through the Microsoft BizSpark program of up to US$68,800. That comes on top of the invaluable network benefits we receive by being a Microsoft BizSpark member.

Related posts:

1,000 Traders – Swapit Just Went 4 Digits

Last week we reported a very lucky number – according to Chinese customary belief – of 888 users on swapit. Only 5 days later we have surpassed our next milestone of going 4 digits:

1,000 traders are now on swapit!


That’s a staggering increase of 11.2% over the last 5 days. If the absolute growth in numbers of traders would continue at a linear rate, we would be growing at an avery 70% month-by-month. However, our growth has been exponentially over the past months, and we are currently working on the next release of swapit which will foster that even more. So stay tuned and make sure you have swapit running on your phone. You might find just the right item for you.

swapit_marketing-chart-growOther current stats are:

  • Current users: 1,002
  • Items posted: 628
  • Value posted: $482,002
  • Chat messages processed: 3,153
  • Public comments posted: 1,086

Download swapit for free: http://get.swapit.la

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