Question 1

In my time in NYC, I at first thought that the idea of those recycling machines was very cool but functionally they are terrible. They constantly break and any time I tried to use one I was behind recycling collectors with hundreds of bottles. If this product could somehow rep...

Accepted Answer

Thanks for your question, John. You earn Scrapp points each time you scan an item, and we have systems that discourage manipulation. For example, 'timing out' the points rewards if an identical item is scanned within an unusually short time. We've carried out plenty of research on this and found that if someone is willing to make an effort to scan an item, it is extremely unlikely that they'll then purposefully contradict the guidance. You're right, though. It would require an actual verifica...

Question 2

Hi - I have a few questions please! How have you calculated the market size of the sustainable waste tech industry and Is that a global figure? Are your revenues from the sustainable market place transaction based or advertising?

Accepted Answer

Hi Nikki, thank you for your questions! The size of the market (Total Addressable Market – “TAM”) we have identified includes the US and UK, as we are operating in both. It includes the services we aim to provide with our technology (including web portals for organisations and data licensing). They are transaction-based, as we appreciate that advertising-based revenue is difficult to quantify, so omitted from our calculations. The calculation used was ‘the price of all Scrapp services X total...

Question 3

LOVE THIS! Question: what if the item you would like to recycle doesn't have a barcode -- how does Scrapp overcome that barrier?

Accepted Answer

Hi Justin, Thanks for your question and glad you enjoy Scrapp! With this exact question in mind we wanted to make sure people could have all their recycling questions answered with or without a barcode. We are currently working on our next update where users will now be able to search for an item to get the guidance they need (no barcode required). Have a great rest of the day!

Question 4

The company that services curb side recycling in our area has had to 'suspend' its services because of resource issues. Is there a way you see you see where Scrapp can help me identify the nearest facilities that I can take my recycling to?

Accepted Answer

Hi Lavanya, I'm sorry to hear about that - It's a brilliant question though. To answer your question: YES! We're already working with local authorities to help direct folks to their nearest recycling facilities and drop-off programs.

Scrapp

A mission-led platform helping people to recycle right & protect the planet

$107,440

Updates

Scrapp

Quick facts

Team profiles

Featured investor profiles

$107,440

Updates