DIEM to raise £4 million in seed funding from Fasanara Capital and angel investors.

DIEM, a London, UK-based fintech marketplace startup, announced closing a £4 million ($5.3 million) funding round.

The money was raised from investors from the UK, including Fasanara Capital and angel investors Chris Adelsbach, Andrea Molteni, Ben Demiri and Nicholas Kirkwood.

DIEM, founded in 2020 by CEO Geri Cupi, is building a circular economy-oriented marketplace, providing a consumer mobile app where users can value and cash out things including clothes and shoes instantly.

On top of that, the app provides services including regular debit card access, competitive international transfer rates and user friendly spending analytics.