blipp.se

About blipp.se

Blipp, a Swedish fintech company headquartered in Skövde, operates as a digital transaction platform for the private used vehicle market, encompassing cars, motorcycles, and motorhomes. The company was founded in 2018 by Jonny Lindén and Filip Samuelsson. Both founders brought extensive experience from the automotive industry to the venture; Lindén previously ran his own car dealership, and Samuelsson worked in the reseller sector and founded biloffert.se. Their goal was to address the perceived insecurity and complexity in private vehicle transactions. Since its inception, Blipp has grown to over 15 employees and has facilitated thousands of vehicle deals.

The company targets private individuals buying and selling vehicles, aiming to provide them with the tools and security typically associated with professional dealerships. Blipp's business model is centered on managing the entire transaction process. This includes offering secure payment solutions, digital vehicle checks, and expert assistance via video calls during the sale. Revenue is generated through these transaction services and ancillary offerings. The platform allows customers to secure vehicle loans, with the company handling all administrative aspects of the deal. For buyers, Blipp provides a digital control check of the vehicle and offers guidance during the physical inspection.

A key feature of Blipp's service is providing access to financing for private vehicle purchases, complete with security and background checks on both the vehicle and the seller. Furthermore, customers have the option to purchase a 12-month warranty for an additional fee, provided the vehicle meets certain criteria regarding age and mileage. This warranty service is offered in partnership with AutoConcept. The company has secured venture capital funding to support its growth, with an early-stage round in January 2022 raising $3.12 million and an earlier round in April 2021 bringing in 15 million SEK from investors including NEA Partners, Rustan Panday, and Daniel Pilotti.