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10:11 PM · Dec 19, 2024 · Kettle, a groundbreaking peer-to-peer marketplace for luxury watches, has announced the successful closing of a $4 million funding round. This investment will fuel the platform's mission to democratize the luxury watch market by providing a secure, transparent, and accessible platform for collectors and traders worldwide.
Kettle offers a unique value proposition by enabling users to trade luxury watches based on their full financial value, providing 24/7 global access. Every watch traded on the platform is authenticated, insured, and securely stored in the Kettle Vault located in New York. This comprehensive approach eliminates the traditional complexities of buying, selling, and storing high-value watches, empowering collectors with a seamless and trusted trading experience.
Key Features and Benefits of the Kettle Platform:
- Peer-to-Peer Trading: Directly connect with buyers and sellers globally, cutting out intermediaries and reducing costs.
- Full Financial Value Trading: Trade watches based on their appraised market value, maximizing returns for sellers.
- Authentication and Insurance: Ensures the authenticity and security of every watch traded on the platform.
- Secure Storage: Watches are stored in the state-of-the-art Kettle Vault in New York, providing peace of mind for collectors.
- 24/7 Global Access: Trade anytime, anywhere, with a global network of buyers and sellers.
- Democratized Access: Provides dealer-level tools and resources to all users, leveling the playing field for collectors.
- Borrowing Against Watches: Unlock the financial potential of your watch collection by using them as collateral for loans.
Funding Details and Future Plans:
The $4 million funding round, closed in December 2024, signifies strong investor confidence in Kettle's vision and market potential. The funding will be used to further develop the platform's technology, expand its team, and scale its operations to meet the growing demand for secure and transparent luxury watch trading. Kettle also plans to expand its services to include real-world asset tokenization in Q1 2025, further bridging the gap between traditional finance and the digital asset space.
About Kettle:
Kettle is a peer-to-peer marketplace revolutionizing the luxury watch trading experience. By combining cutting-edge technology with secure storage and authentication services, Kettle empowers collectors and traders with a seamless and trusted platform. The company is committed to democratizing the luxury watch market and making it more accessible to a wider audience.
Compiled by CMO Intern team
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