Tech.eu writes that Spain-based EALYX was founded in 2023 and offers the customers the possibility of trading-in their used items, instantly receiving a discount coupon for their next purchase. This approach is regarded as a first of its kind in the e-commerce industry.

Traditional trade-in solutions only offer customers the value of their used item once it has been inspected, which can be an issue for those that may want to make a purchase immediately using that discount code. EALYX aims to change this, as the company views items as a form of payment, putting e-commerce at the forefront of this transition.

Àlex Corbacho, co-founder of EALYX, said that "we are creating a new category, and with this capital raise, the company is well positioned to lead the space and prepare to grow internationally. We plan to generate the first thousand of new purchases paid with used products in the coming months and grow our orders 8X by 2025."