Tickething

Established in 2016, Tickething operates as an online secondary ticketing platform headquartered in Budapest, Hungary. The company has positioned itself within the burgeoning secondary ticket market, a sector that facilitates the resale of tickets for live events such as concerts and sports. This market addresses the dynamic between supply and demand, where ticket prices fluctuate based on an event's popularity.

The business model centers on providing a fan-to-fan marketplace for individuals to securely buy and sell tickets for live events. For sellers, the process involves uploading a PDF of their tickets to the platform. Buyers, in turn, receive the purchased tickets via email after completing the payment transaction. A notable feature of the platform is the requirement for users to log in exclusively through their Facebook accounts to make a purchase, a mechanism that can enhance user verification. To ensure transactional integrity, the payment to the seller is disbursed one working day after the event has occurred.

Tickething has secured an undisclosed amount in a Seed funding round, attracting two institutional investors, Hiventures and OXO Labs. This investment underscores a degree of market confidence in the platform's operational model and its potential for growth within the European secondary ticketing landscape. The company operates in a market that has seen significant expansion with the rise of online platforms, offering consumers greater access to tickets for sold-out events while presenting challenges related to pricing and authenticity that platforms like Tickething aim to address.

Keywords: secondary ticketing, online marketplace, event tickets, fan-to-fan resale, ticket exchange, Budapest startup, Hiventures, OXO Labs, live events, concert tickets, sports tickets, secure ticketing, peer-to-peer tickets, ticket resale platform, European ticketing market