Gecko

Gecko

A community marketplace that connects people and gives others the ability to lend items for cash locally, whilst helping borrowers save money.

HQ location
Sydney, Australia
Launch date
Employees
Enterprise value
$906k—1m
Company register number
6212111
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Financials

Estimates*

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Revenues, earnings & profits over time
USD20212023
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EBITDA00000000
Profit00000000
EV00000000
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R&D budget00000000

Source: Dealroom estimates

More about Gecko
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Gecko Online, accessible at geckoonline.com.au, is an innovative Australian startup that aims to transform the way everyday Australians utilize their possessions. The company operates in the sharing economy market, which focuses on peer-to-peer renting of underutilized items. Gecko's primary clients are everyday Australians looking to either make extra cash by renting out items they own but rarely use or save money by renting items they need temporarily instead of purchasing them.

Gecko's business model is straightforward yet effective. Users can list items they own on the platform, setting their rental price and bond (a security deposit to cover potential damages). Other users can then browse these listings and rent items they need, ranging from electronics and furniture to clothes and outdoor equipment. Gecko facilitates these transactions securely through the Stripe payment gateway, ensuring that payments are handled smoothly and securely.

The company makes money by taking a small commission from each rental transaction. This commission is a percentage of the rental fee, which incentivizes Gecko to ensure a high volume of transactions on the platform. Additionally, the bond system provides a safety net for lenders, encouraging more people to list their items without fear of loss or damage.

Gecko also emphasizes environmental sustainability by promoting the sharing of resources, thereby reducing the need for new purchases and minimizing waste. This eco-friendly approach appeals to a growing segment of consumers who are conscious of their environmental impact.

In summary, Gecko Online is a dynamic platform that helps Australians monetize their underutilized items while offering a cost-effective and eco-friendly alternative to purchasing new products.

Keywords: peer-to-peer renting, sharing economy, extra cash, secure transactions, environmental sustainability, rental platform, everyday Australians, underutilized items, cost-effective, eco-friendly.

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