Croissant

I’m thrilled to share that you can now shop with Guaranteed Buybacks™ of up to 75% on over 1 million items at dozens of your favorite fashion & apparel sites, thanks to Croissant’s new Google Chrome extension. The Chrome extension represents the latest addition to our product suite, and - alongside our integrated checkout tool and customer app - is the third key driver behind our mission to empower intentional commerce. All three Croissant services are underpinned by our industry-shifting Guaranteed Buyback™ offering. Croissant’s Guaranteed Buybacks™ are exactly what they sound like - you buy something at retail, and our AI tooling and data science determine the price at which we can buy it back from you for up to one year. No fees. No pressure to sell later. Just money back for your things. We can’t overstate how much of a win-win-win this creates for retailers, customers, and the resale ecosystem. With millions of dollars of retailer GMV already transacting through Croissant a few months after our late July launch, we’re seeing incontrovertible data that the presence of Guaranteed Buybacks™ leads to customers spending more on the higher quality items they actually want, rather than opting for lower quality dupes or disposable goods. Our retail partners are seeing huge increases in average order value as a result. Customers are winning too as Croissant brings a new form of financial empowerment to bear. We routinely hear feedback from our users that Guaranteed Buybacks™ are unlocking a fundamental mindset shift away from credit-fueled, impulsive consumption. Instead, they now consider the reality that their purchases are liquid assets, and treat the sum total of the things they own as a tangible component of their net worth. And finally, we’re fueling the next step-change for the already rapidly expanding resale ecosystem. Croissant app users can collect their cash in a click when they’re ready without packing, printing or paying for shipping labels. End result? Higher quality items with known provenance are sold sooner rather than lingering unused, and more participants are drawn into the circular economy on both the buy and sell sides. Check out what The Business of Fashion and Mrs. Dow Jones already have to say at the links below and download the extension for yourself. We’re at the start of something huge and can’t wait to have you join us in our collective pivot away from “consumption” and into the new era of intentional commerce. https://lnkd.in/esZVZNRS https://lnkd.in/eFgUcaXE

We are excited to see Albert, Croissant and OatFi included in Business Insider's “54 up-and-coming fintechs transforming Wall Street” #fintech #innovation #risingstars See article here: https://lnkd.in/ghUjjmCb For a full list of Portage’s venture portfolio companies, please see here: https://lnkd.in/emZ_-UaK

"The logic [behind Croissant] is elegant in its simplicity — so much so that hearing it all laid out might conjure the sound of an imaginary forehead slap." More Croissant launch day fun - courtesy of some wonderful reporting by Adriana Lee in WWD. Thank you all for the continued support - we're only just getting started, but today has certainly served as a memorable milestone along the journey. See Adriana’s piece, as well as our official press release and website, at the links below. https://lnkd.in/eBKHcJvq https://lnkd.in/ezz4Jben https://www.croissant.com/