Vinted, a Vilnius-based online second-hand fashion marketplace and Lithuania’s first unicorn, is pulling out of the Canadian market.
“Vinted will be closing in Canada for now on February 12, 2024, which means it’s no longer possible to register,” the company told its Canadian customers in a note on its Canada-based site.
The company said that back in 2021, it launched Vinted in Canada using a different technical platform than in other countries.
“It has been built on a different platform to the main one. Running a separate platform was not sustainable or efficient,” Vinted said. “After careful and thorough consideration, we have decided to discontinue this platform, which means that we are pulling out of the Canadian market for now.”
According to the company, this decision allows it to focus on other markets and strengthen its positions in the Nordic countries – Denmark, Finland, and Sweden.
Starting December 11, 2023, the company no longer accepts new member registrations in Canada due to its upcoming platform closure.
Until February 12, 2024, users will be able to finalise any ongoing transactions and settle payments, and the customer service team will continue working.
After exiting Canada, Vinted will be available in 19 markets, including Lithuania, the UK, France, Germany, the US, Poland, the Czech Republic, Slovakia, Spain, Austria, the Netherlands, Belgium, Italy, Portugal, Luxembourg, Finland, Denmark, Austria, Sweden, Hungary, and Romania.
In 2019, Vinted became Lithuania’s first unicorn, a highly successful start-up valued at more than 1 billion euros.
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