A platform connecting local lenders and borrowers for peer-to-peer rentals, an alternative to traditional services.
Fat Lama is an online peer-to-peer rental marketplace launched in 2016 that allows people to lend and borrow items from others in their local community. It has been described as the 'Airbnb for stuff' because of its similarities to the popular home sharing platform.
The startup aims to provide an alternative to traditional rental stores and services. Instead of renting items from a company, Fat Lama connects local lenders directly with borrowers, facilitating short-term rental transactions between people for everyday items, specialized gear, event equipment, and more.
To use the service as a borrower, you simply search for the item you need and send rental requests to lenders in your area. As a lender, you can list your unused belongings to earn extra income when others rent them. The platform handles listings, scheduling, messaging, payments, insurance coverage, and reviews.
Fat Lama's peer-to-peer model provides economic, social, and environmental benefits compared to mainstream rental options. It also enables affordable access to items people temporarily need but don't want to buy. With operations currently across Europe, Fat Lama has received over $13 million USD in funding.
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