August 15, 2018
Trocafone, the re-commerce platform that buys and sells reconditioned mobile devices received a $50M AR investment from Aihuishou, the Chinese leader company in buying and selling refurbished smartphones valuated in US$1.5B. The investment will be destined to the growth of business in Argentina. They plan to create 50 new jobs in the next 12 months, which will double its team in the country. With this investment, Trocafone completed their fourth round, which meant a total investment of $450M AR.
With an estimated global revenue of US$90M for 2018, the recommerce company works to consolidate its leadership in Argentina and Brazil, while for the future it evaluates expanding to Mexico, Colombia and Peru.