What is LetGo? LetGo Review

LetGo is a second-hand trading platform based on mobile applications, which allows users to publish second-hand trading information, enable local buyers and sellers to communicate and complete transactions.

About LetGo

LetGo was co-founded in 2015 by Alec Oxenford and Jordi Castello, who were soon joined by founder Enrique Linares.

As an emerging online trading platform for second-hand goods in the United States, LetGo is becoming more and more popular among consumers. LetGo said that the application has been installed on hundreds of millions of devices worldwide, and by the end of 2018, there were more than 400 million listings, covering electrical appliances, furniture, bicycles, audio-visual products, books, fashion +, real estate, services, etc. Since the beginning of 2018, the monthly download volume has increased by 65%, and users send about 13 million inquiries about the products on the website every day. In the past three years, 6 billion messages have been sent.

LetGo's current main service users are concentrated in Türkiye, the United States, Canada, Norway, Spain, and China, including many foreigners living and working in China.

"Let Go" means "let go, let it go, let go" in English. It is a daily expression in Western countries and almost everyone understands it.

Registration Requirements

LetGo does not require any certification procedures, sellers only need to register and confirm their email to start selling.

Listing, order delivery and payment

1. Publish Listing: One of the highlights of LetGo is that sellers can easily and quickly list their own listings and find similar offers nearby. With the technical support of deep AI/machine learning, posting items for sale on LetGo is as easy as taking a photo - AI functions and image recognition can automatically classify sellers' listings and fill in titles. In addition, sellers can also browse the current listings on the app, chat with users, and view each other's profiles, ratings and comments.

2. Order delivery and payment: Payment and order delivery are completed by the seller, and offline transactions are possible.

use

LetGo is very easy to use. Users need to register before they can publish or purchase. Simply launch the app and click the Register button to create an account; from here, users can also click the link to log in through their Facebook account or fill in the required information to complete the registration; once logged in, you will see the LetGo home screen.

Advantages

1. LetGo is a product that is completely based on mobile terminals, making connections between people more timely and efficient.

2. LetGo has a novel design, conforms to the visual aesthetics of the younger generation, and is simple and easy to use.

3. It is currently completely free and will have abundant financial support after obtaining financing.

4. LetGo’s team has extensive experience in the classified information field and a strong sense of expansion.

Development History

- Half a year after its launch in February 2015, LetGo’s mobile app had been downloaded more than 2 million times. On Google Play, LetGo ranked among the top ten free shopping apps in the United States, Sweden, Turkey, New Zealand and other countries.

-In September 2015, the company said its app had 2 million downloads and 500,000 product listings, facilitating $25 million in transactions.

-In September 2015, LetGo received US$100 million in Series A funding.

-In 2016, after being incorporated into the American company Wallapop, LetGo received US$100 million in Series B financing.

- In April 2016, LetGo added a cutting-edge interactive feature called LetGo Commercializer, which allows users to instantly create customizable Hollywood-style ads starring their own projects.

-In May 2016, LetGo merged with its competitor WallAPOp.

- In August 2016, LetGo app downloads reached 30 million.

-In October 2016, LetGo was launched in Canada.

- Launched in Norway in November 2016.

-In 2017, mobile second-hand e-commerce application LetGo raised US$175 million in Series C funding from multiple investors including Naspers, Insight Venture Partners, Accel, New York venture capital firm 14W, venture capital firm EighTROads, Mangrove CAPItal Partners and FJ Labs.

- In January 2018, the LetGo app had approximately 75 million downloads.