Scrapays

company

About

Scrapays is a Cleantech Startup, Fusing Recycling, Technology and Finance.

  • 11 - 50

Details

Last Funding Type
Non-Equity Assistant
Last Funding Money Raised
$100K
Industries
Information Technology,Recycling,Waste Management
Founded date
Sep 20, 2019
Number Of Employee
11 - 50
Operating Status
Active

Scrapays is a Cleantech Startup, Fusing Recycling, Technology, and Finance. Helps the 1% of the population in every urban city that survives by operating recycling businesses (collectors and agents) to provide on-demand material recovery services to waste producers (individuals and enterprises), with a reward in commission per kilogram recovered. Scrapays uses an integrated offline and online technology (USSD, IoT, Web, and Mobile App, and wallet System) in its decentralized recovery model to deliver on less than a day recovery cycle for every waste Producer pickup request.



Scrapays facilitate this recovery of recyclables by providing a software-based (USSD, Web, Mobile App) recovery network, consisting of all four categories in the value chain, which are independent businesses and producers. We provide them with the infrastructure and tools to help them control recyclable material recovery while creating self-managed businesses from it.

Scrapays is for Individuals and Enterprises who are looking to make money or get a better return from recyclable waste and Out-of-Use scrap-able items. We allow individuals who have open spaces to Host collection outlets, become local Collectors, or manage operations by being a vendor. Allowing Individuals and Enterprises get paid for their recyclable waste. while duly rewarding all partners commission per kilogram recovered.

Scrapays is for Individuals and Enterprises who are looking to make money or get a better return from recyclable waste and Out-of-Use scrap-able items. We allow individuals who have open spaces to Host collection outlets, become local Collectors. Allowing Individuals and Enterprises to get paid for their recyclable waste. while duly rewarding all partners’ commission per kilogram recovered.

The decentralized recovery network follows an architecture that allows individuals whom we refer to as Agents, list their space as temporary Recyclable Hosting Location (call it AirBnB for recyclables), and Collectors; mobile field soldiers that collect the recyclables in their mapped zone (call this Uber for recyclables).

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$100K
Scrapays has raised a total of $100K in funding over 2 rounds. Their latest funding was raised on May 17, 2022 from a Non-Equity Assistant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 17, 2022 Non-Equity Assistant $100K 1 Google for Startups Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Scrapays is funded by 1 investors. Google for Startups are the most recent investors.
Investor Name Lead Investor Funding Round
Google for Startups Yes Non-Equity Assistant