Returned products are a big problem for ecommerce globally – Renow resales engine solves the problem for Verkkokauppa.com

Renow, a Finnish startup founded 2022 by seasoned technology entrepreneurs and ecommerce veterans, introduces a new return and resell service to solve the global problem of ecommerce returns. Renow's unique, automated way to inspect, route and resell the returning inventory disrupts the costly traditional warehouse inspections. Service is launched in co-operation with Verkkokauppa.com Oyj in their e-ville.com online store and offered as a Software as a Service model. According to Statista on average 10% or 75 billion euros of all ecommerce purchases in Europe are returned by consumers.