Vinted

Vinted is Europe's biggest peer-to-peer second-hand marketplace, based in Vilnius, Lithuania. Sellers list for free and pay no selling fees; instead the buyer pays a mandatory Vinted fee at checkout (usually 5% of the item price plus €0.70) and the shipping, and sellers can pay to bump their listings. Vinted also runs its own parcel carrier (Vinted Go) and payments arm (Vinted Pay). FY2025 revenue was €1.1B (+38%) on €10.8B of GMV, with net profit of €62M.

Business Model Canvas
Vinted
Research date: Oct 14, 2026
Evidence-backed · sources in companion brief

Key Partners

  • Members supply every listing (FACT).
  • Partner carriers — 500,000+ pick-up/drop-off points (FACT).
  • Payment providers, being reduced via Vinted Pay (FACT).
  • Investors — Accel, EQT Growth, Insight, Lightspeed (FACT).
  • TPG-led €340M secondary, Oct 2024 (FACT).

Key Activities

  • Marketplace product — search, listings, recommendations (FACT).
  • Safety, refunds and member support (FACT).
  • Category expansion — sports, collectables, electronics (FACT).
  • New markets — Latvia, Estonia, Slovenia, U.S. (FACT).
  • Vinted Go carrier and sortation (FACT).
  • Vinted Pay wallet rollout (FACT).

Key Resources

  • Two-sided member network (FACT).
  • 75M members cited on Vinted's app page (FACT, may be dated).
  • Vinted Go carrier in 5 countries (FACT).
  • Vinted Pay wallet (FACT).
  • 2,000+ employees (FACT).
  • €137M free cash flow FY2025 (FACT).

Value Propositions

  • 0% selling fees — sellers keep their price (FACT).
  • Buyer refund if lost, damaged or not as described (FACT).
  • Cheap pick-up-point and locker delivery (FACT).
  • Fashion plus kids' items, electronics, home, collectables (FACT).
  • Second-hand pitched as cheaper and greener (FACT).

Customer Relationships

  • Direct member-to-member chat and offers (FACT).
  • Reviews build seller reputation (FACT).
  • Support and refunds funded by the Vinted fee (FACT).
  • Protection only via Buy now (FACT).
  • Many members both buy and sell (INFERENCE).

Channels

  • iOS and Android apps (FACT).
  • Country websites for each market (FACT).
  • Word of mouth and listing shares (INFERENCE).
  • Paid marketing, e.g. Germany push (FACT).
  • U.S. launch campaign in New York, Jan 2026 (FACT).

Customer Segments

  • Casual sellers clearing wardrobes (FACT).
  • Value-seeking second-hand buyers (FACT).
  • Strong in women's and kids' clothing (FACT).
  • Business sellers via Vinted Pro (FACT).
  • 26 countries incl. U.S. since 2026 (FACT).

Cost Structure

  • Payment processing, being moved to Vinted Pay (FACT).
  • Member support and safety (FACT).
  • Expansion — Germany, new countries, categories (FACT).
  • Vinted Go sortation and carrier build-out (FACT).
  • ~€0.95B costs before D&A, FY2025 (INFERENCE).

Revenue Streams

  • Vinted fee — usually 5% + €0.70 per order (FACT).
  • No selling fees (FACT).
  • Paid bumps for sellers (FACT).
  • Vinted Go shipping services (FACT).
  • €1.1B revenue FY2025, +38% (FACT).
  • ~10% of GMV (INFERENCE).
Sources: company.vinted.com/newsroom/financial-results-2025 · vinted.com/about · tpg.com/news-and-insights/vinted-secures-tpg-led-secondary-investment-at-valuation-of-e5b-reflecting-profitable-growth · vinted.com/help/342-buyer-protection-fee · vinted.com/app · vinted.co.uk/help/1653 · company.vinted.com/newsroom/vinted-launches-us-nyc-2 · wsj.com/articles/thrift-app-vinted-has-an-eye-on-americas-secondhand-clothes-96f1b548