Paperclip is a UK-based trading app that lets users buy, sell, and swap.
In 2006, Rich and Alan met at Imperial College London and ended up housemates. After graduating in 2011, both embarked on management consulting careers at Atkins and Accenture. In June 2014, Rich left his job in management consulting and pitched Paperclip at the London Startup Weekend held at Google Campus. The origins concept for Paperclip was “tinder for swapping items”, which came second overall.
In August 2014, VDM Capital invested some pre-seed money to build an MVP and development began on Android. Alan started working with Rich while working full time. In April 2015, the MVP was completed on Android and the founders decided to expand Paperclip into a full-blown marketplace for buying, selling, swapping and free cycling locally. Talented designer Steve Roberts comes onboard and started designing the v1.0 release.
In October 2015, Paperclip v1.0 went live on Android and iPhone and quickly reached over 30,000 downloads with the help of App Samurai campaigns.
In February 2016, Paperclip closed seed round to build upon their early success and develop v2.0, which is due for release in January 2017.